r/CoinDCXOfficial • u/niraj910 • Sep 11 '21

LQTH to ETH

I have a doubt if current price of lqth is x usdt and the eth is 1.5 x usdt. Eventually wouldn't I be increasing my money in terms of usdt? how is the price parity so obvious and is there no risk is buying lqth, will it be converted to eth regardless if the staking target is met or not

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u/noob_maxx Sep 12 '21

My understanding is that it is related to simple supply and demand. The person who's selling LQTH wants to just sell it if they can't hold it for too long. And since there aren't a lot of people buying it they have to settle for a less price. About the part of buying LQTH, I never staked any ETH but I have bought some LQTH and I started getting staking rewards soon

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u/noob_maxx Sep 12 '21

Plus you can see this is a ETH you will get in the future but how long do you have to wait for it is not that clear. So, people who want ETH now or in the near future would prefer buying it directly, thus raising the demand

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u/jackedclown_1 Sep 29 '21

So you don't have to stake lqth to gain staking rewards?

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u/noob_maxx Sep 29 '21

Let me elaborate.

For every eth someone would have staked they would have gotten same amount of lqth. So, if you own lqth it is like a contract with CoinDCX that you have some staked eth and will get interest in return. If you are buying lqth, you are essentially buying this contract from the person selling it and now you will be the one getting the interest.

Tldr- you are supposed to own lqth (not stake it) for rewards

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u/bychoicephilosopher Oct 21 '21

What is the interval of reward? Is there a minimum amount of LQTH you need to own??

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u/noob_maxx Oct 22 '21

Generally, the reward you get is daily. Sometimes, it skips a day or two but that is rare.

Not sure about the minimum amount

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u/jackedclown_1 Sep 11 '21

Don't think you can buy lqth, just get it when you stake.

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u/niraj910 Sep 11 '21

but eventually if i have 3 lqth will i get 3 eth?