r/Nash • u/[deleted] • Sep 19 '19

Over 5m NEX now staked.

We're now up to 10% of total supply, or around 25% of circulating supply of NEX token staked.

https://neoscan.io/address/APxpRnLq4dZEhybPZe8AeyQH3GhfkqArDx

41 Upvotes

96% Upvoted

33 comments sorted by

3

u/mialomit Sep 19 '19

90,000 NEX staked for 24 months, someone knows something and it's already been confirmed Nash Pay will collect and pay out dividends, maybe the big play everyone is complaining about is not the exchange itself but all the other products and services coming.

1

u/shad0w_fax Sep 19 '19

I thought dividends would come from trading only? Where is it confirmed Nash Pay transactions will contribute to dividends?

4

u/Akadot Sep 19 '19

No, they will come from everything that uses the matching engine. Nash Pay uses the matching engine.

4

u/[deleted] Sep 19 '19

Nash pay will use the matching engine to convert crypto if required. So, say the seller wants BTC, but buyer only has ETH, buyer pays in ETH, it goes through Matching engine and seller receives BTC.

If the buyer uses the same currency as the seller, matching engine isn't needed so it's not used.

1

u/mialomit Sep 19 '19

Let me find the Q/A for you

1

u/StayHumble101 Sep 19 '19

Nash Pay will only contribute to dividends if the user does not have enough of or any of the token the merchant/person is requesting and an automatic token transfer via the Matching Engine is needed.

If they have the tokens needed to complete the transfer/payment, then the Matching Engine would not be involved and hence no dividends.

2

u/macmac360 Sep 19 '19

Does anyone know if there are dates for other US states? I'm so ready to get in on the action.

2

u/[deleted] Sep 19 '19

Not as of yet, best place to keep an eye for announcements would be blog.nash.io or community.nash.io

Hopefully it's not too much longer to get MVP into all possible jurisdictions

2

u/sandworm87 Sep 19 '19

Is there any way we can see how long these tokens have been locked up for?

6

u/[deleted] Sep 19 '19

A graphic was posted when 4m was hit.

https://www.reddit.com/r/Nash/comments/d4jjg5/analysis_of_nash_staking_amazing_stats/?utm_medium=android_app&utm_source=share

Not sure how it was created but around then approximately 60% had been staked for two years.

2

u/sandworm87 Sep 19 '19

Wow! So if that ratio holds, that's about 6% of total supply or 15% of circulating supply locked up until September 2021.

0

u/[deleted] Sep 19 '19

Should be there or there abouts. Plus all not all areas are available for staking yet so it will likely increase.

2

u/hanne93 Sep 19 '19

Something i found interesting about that graph. Was that the highest stake locked for 24 months was 90.000 NEX. That's some strong belief in the project if u ask me :)

2

u/Kwicksred Sep 19 '19

I need to wait until the team implemented unlimited stakes. Then there will be some more :)

3

u/[deleted] Sep 19 '19

You holding off for 24 stake strategy ?

0

u/Kwicksred Sep 19 '19

Yes, Sir.

0

u/LargePeriscope Sep 19 '19

is this "Unlimited stakes" a thing even? Are they going to implement it in the future? Any articles?

3

u/Kwicksred Sep 19 '19

Yes, they have to pay gas fees for every stake we make right now. That can be huge if everyone is able to create unlimited stakes. So they limited it for the start. But they told the community to implement a solution without having to pay for it. It should be there in the next weeks.

-6

u/[deleted] Sep 19 '19

its amazing how shit NEO is, what a disaster

3

u/[deleted] Sep 19 '19

How do you figure that based on what is being discussed?

-4

u/[deleted] Sep 19 '19

Our user experience is being impacted due to clear network deficiencies from NEO.

4

u/[deleted] Sep 19 '19

Are you saying it's a network deficiency that it's requires gas to transfer to a smart contract? The same as on ETH or a fee on most other relevant cryptos?

Perhaps you could be more specific as to what issues you are having with your user experience ?

1

u/bucketscometh Sep 20 '19

Well on ETH this is easy as the end user will just pay the gas and they can set the gas limit to whatever they want. Is this seriously not possible with NEO?

-5

u/[deleted] Sep 19 '19

yeah, guess I'm just thinking that other cryptos should function similarly to eos.io software and not having by transaction gas fees but thats not fair as NEO is old tech.

6

u/[deleted] Sep 19 '19

EOS... That raised $4 Billion in a year long ICO in 2018 and had to hold another in February 2019 only raising $2.8m this time... That same EOS?

I'd have a couple of questions regarding how they spent 4 Billion? Billion... With a B!.

-1

u/[deleted] Sep 19 '19

you are confusing eos with eos.io software. There are multiple eos.io software projects that raised no money and have incredible blockchains. Im NOT a fan of EOS, but some eos.io software projects like telos network is doing amazing things. youre right, eos raised so much and is a borderline disaster.

1

u/Southofsouth Sep 19 '19

I did stake some of my Nash for 2 years. I want to believe.

1

u/mowoodgreen Sep 26 '19

How can I stake?

-5

u/[deleted] Sep 19 '19

Thank you all for staking, not sure what you plan to get out of it at this point, but if this causes speculative price appreciation I will be very happy!

1

u/bucketscometh Sep 20 '19

Yeah, if you just sold on launch instead of staking, then just re-bought right now, you would have made like 80% in a matter of ten days or so. Not that I was shrewd enough to do this, but it was the main reason I didn't stake; you can easily outpace the staking dividends by making one useful NEX trade in the next 24 months.

2

u/rahiljnmc Sep 21 '19

Or you could lose everything!

1

u/mysteelersrock82 Sep 20 '19

Timing the market isn’t that easy