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    Sonos21

    @Sonos21

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    Best posts made by Sonos21

    • RE: XCT Buyback and Burn Off-chain Proposal #1

      @iamvlad HI Vlad, no worries, but it is just no true that early birds are always having an advantage

      i am in since apy was around 1100% or so
      together with the decrease in APY also the price dropped considerably

      if you look at my current postion ( havent sold anything)
      i still would be better of if i just bought the total amount of coins i have right now
      ( so the base amount i bought including all rewards i received) at the current prices

      so in the end , i have not had any advantage of getting in early

      again, i dont wanna complain,
      but just to get the perspective right that

      my feeling is still that in hindsight, the initial inflation, while demand was not there yet, was too high
      thus leaving the early adaptors always with a disdavantage

      but lets leave it here...no reason to argue further

      as i said, focus on building great things, as you guys are doing!

      posted in Citadel.one DAO Proposals
      S
      Sonos21
    • RE: XCT Buyback and Burn Off-chain Proposal #1

      Light the fire! good plan

      i was thinking , wouldn't it be able to modify the smart contract so that the inflation becomes dynamic

      right now, inflation of the number of coins is a 8% fixed
      as there is not a lot of demand yet, because xct is not very well known yet, the new xct tokens made available on a daily basis is far more than the new demand, which leads to a, almost daily, price decrease

      because of this, I ,and probably more people, am reluctant to buy new or additional xct tokens, as by design the price is decreasing, untill new demand comes in
      so right now i am just waiting untill i see there is a good rise in demand and xct is picked up better by the markets

      i know you have , rewarded the initial users with a high APY
      but as i bought my tokens not to long after launch i can tell you
      this APY does not make up for the loss becuase of the price decrease

      i better could have done nothing and buy the tokens at this moment
      this is not a complaint, my mistake, should have done better research

      but i think that by design the inflation of 8% is limiting the growth of xct

      as some way or another you should make the inflation linked to the demand of the token

      just an idea

      posted in Citadel.one DAO Proposals
      S
      Sonos21

    Latest posts made by Sonos21

    • RE: XCT Buyback and Burn Off-chain Proposal #1

      @iamvlad HI Vlad, no worries, but it is just no true that early birds are always having an advantage

      i am in since apy was around 1100% or so
      together with the decrease in APY also the price dropped considerably

      if you look at my current postion ( havent sold anything)
      i still would be better of if i just bought the total amount of coins i have right now
      ( so the base amount i bought including all rewards i received) at the current prices

      so in the end , i have not had any advantage of getting in early

      again, i dont wanna complain,
      but just to get the perspective right that

      my feeling is still that in hindsight, the initial inflation, while demand was not there yet, was too high
      thus leaving the early adaptors always with a disdavantage

      but lets leave it here...no reason to argue further

      as i said, focus on building great things, as you guys are doing!

      posted in Citadel.one DAO Proposals
      S
      Sonos21
    • RE: XCT Buyback and Burn Off-chain Proposal #1

      @iamvlad Hi Vlad, thnx for your reply
      I understand and i wasn't saying it is an easy job
      my comment was meant as a kind of "brainstorm"

      personally i think, that in the field of APY a lot of gains are to be made by projects.
      You can stick to the standard...which makes you "standard"...or you can try to set new standards be creating and implementing innovative contracts to create and deliver yields...isn't this was defi is about..or should be

      I understand that you guys need to focus and you have a great solution...
      right now, the only disappointment for me is this inflation by which the early birds are punished by design...

      anyway, keep on building and doing good things

      like lighting up the burn!

      posted in Citadel.one DAO Proposals
      S
      Sonos21
    • RE: XCT Buyback and Burn Off-chain Proposal #1

      Light the fire! good plan

      i was thinking , wouldn't it be able to modify the smart contract so that the inflation becomes dynamic

      right now, inflation of the number of coins is a 8% fixed
      as there is not a lot of demand yet, because xct is not very well known yet, the new xct tokens made available on a daily basis is far more than the new demand, which leads to a, almost daily, price decrease

      because of this, I ,and probably more people, am reluctant to buy new or additional xct tokens, as by design the price is decreasing, untill new demand comes in
      so right now i am just waiting untill i see there is a good rise in demand and xct is picked up better by the markets

      i know you have , rewarded the initial users with a high APY
      but as i bought my tokens not to long after launch i can tell you
      this APY does not make up for the loss becuase of the price decrease

      i better could have done nothing and buy the tokens at this moment
      this is not a complaint, my mistake, should have done better research

      but i think that by design the inflation of 8% is limiting the growth of xct

      as some way or another you should make the inflation linked to the demand of the token

      just an idea

      posted in Citadel.one DAO Proposals
      S
      Sonos21