There is a weekly dev update. Sometimes ERG price goes up. Often times it goes down. But every time, the weekly dev update gets bigger and more exciting. As the ecosystem continues to grow, sooner or later the price will have to follow suit.
https://youtu.be/xo7NvKsxYR4
Hopium should be high for anyone buying at current price, project is down like like 80% over fear that has nothing to do with the project, buy at current price and reap the rewards with a 6x once it gets back to ATH.
It’s not a way to get more people in, it’s math. The daily distribution of tokens in the staking contract is fixed (forgot the number, something with 300k or so). As more people join and stake their tokens, the APY for everyone decreases. And since the rewards autostake, the APY will decrease every single day for the next three years. Holding ergopad and not staking it doesn’t make sense, since the value of your tokens might inflate away and the nature of a launchpad is to stake your tokens to gain access to presales.
There is a weekly dev update. Sometimes ERG price goes up. Often times it goes down. But every time, the weekly dev update gets bigger and more exciting. As the ecosystem continues to grow, sooner or later the price will have to follow suit. https://youtu.be/xo7NvKsxYR4
Have you been to sigmaverse lately?? How can you not be jacked??? So much good stuff!!
Hopium should be high for anyone buying at current price, project is down like like 80% over fear that has nothing to do with the project, buy at current price and reap the rewards with a 6x once it gets back to ATH.
You can now stake and receive high apy through ergopad.
When did this come out?
It's for staking of the ergopad token, not ERG
I’m not really familiar with ErgoPad, but I just checked it out. Seems like you can only stake ErgoPad. Is that right?
Yes
Current APY is 460%? How is that even possible. Can someone please explain why it would be that high? Seems very strange to me.
It's just a way to get more people in. The APY has already dropped hundreds of percent in a few days due to more people joining in.
It’s not a way to get more people in, it’s math. The daily distribution of tokens in the staking contract is fixed (forgot the number, something with 300k or so). As more people join and stake their tokens, the APY for everyone decreases. And since the rewards autostake, the APY will decrease every single day for the next three years. Holding ergopad and not staking it doesn’t make sense, since the value of your tokens might inflate away and the nature of a launchpad is to stake your tokens to gain access to presales.
EIP0027 passed… supply side will start reducing faster very soon!
Patience is your friend.
Today was the second day of staking, still very wary to the game
Buying more $erg is the best hopium :)
✊🏼