So I am Korean and that means I’m a genius at math. I used my big math brain to run some interesting numbers on XSN to see if the tokenomics stack up. Key takeaways are:
> Over 80% of the total supply is in Masternodes or Staking > Roughly 5% of supply is locked up in Cryptopia > The team probably hold around 10% of total supply > This would only leave 5% of the total supply possibly for sale on exchanges which is incredibly low for a crypto project. > Inflation is less than 10% already and decreases everyday as a % against supply. > As far as I know all trading fees as converted to XSN and then distributed to either MN owners or burned. > Ever $1M worth of trading creates $2500 worth of buy pressure on XSN converting assets into XSN > $2250 would be distributed to MNs > $250 would be burned > At current price the DEX would only need to $35M in volume to be burning more XSN than is created daily
I’m pretty impressed with how well thought out this all is as through the DEX XSN has natural buy pressure which will force the price up and through the burning they can actually decrease supply which adds another mechanism to put pressure on increasing the price. If the DEX does anywhere near $50M volume which is a very low estimate for the current market it will be very profitable for XSN holders, at $100M+ daily volume things get very crazy
> As far as I know all trading fees as converted to XSN and then distributed to either MN owners or burned.
Not just the trading fees. Any payment in any currency on the dex will cause an automated market buy of XSN
Joshua Wood
That’s what mean so at bare value figures that I have based on DEX and block rewards alone give XSN incredible tokenomics
Jacob Rodriguez
All you've said is true.
But are you good at Starcraft
David Smith
not pumping your bags sry
Isaiah Young
I need 1 MN to make $500/month to cover my basic expenses, how much does 1 XSN have to be worth roughly for that?
Nathaniel Hall
$2.80 XSN with the current MN count would make you $500 a month from a single MN just on block rewards alone. DEX fees going to your MN would reduce the price needed to hit your $500 target. Basically MN would need to make you $16.43 a day between block rewards and DEX fees
Prove it and 1v1 me. I used to almost be grandmaster. 500 XSN for the winner
Bentley Green
Next year, 1 xsn=100$
Sebastian Adams
Is it safe to keep the coins on stakenets cloud?
Jonathan Long
I'm making $500 a day on rmpl thx user
Robert Flores
And despite all OP just mentioned, people still complain about its now becoming expensive getting in. But people don't realize XSN was more expensive the day it got listed here on CMC and with zero product. Now it has a Dex coming among many many other cool features and the Dex is ahead of anything we see on the market right now.
I have to laugh at these people... Hahahahahahaha.... Wait.. Need to breathe... Hahahahhahahaa
keep in mind market buy of xsn for all trades isn't the case for the phase 1 release, this is the goal/planned state for phase 2-3 release.
Also, trading fees/market buy rates are subject to change, and not all trade events would necessarily cause market buy of xsn, especially once CCPoS is in place.
the only thing we're guaranteed of in phase 1 is the 10% buy and burn. the rest of trading fees could be used to market buy xsn, but will not necessarily be used for that purpose.
regardless, still long term bullish for xsn. they're innovating and building a functional use case and product with integrated tokenomics to support the holders and node operators. this is a solid project with long term staying potential.
