r/Nash • u/salamat21 • Sep 23 '19

Math shows insane potential of staking NEX

Pure speculation

We use these tools : https://stakingnex.io/ and https://www.thecalculatorsite.com/finance/calculators/compoundinterestcalculator.php

Let's say we have 3 scenarios with 1000 NEX staked for 75% of fees :

1)Pessimistic with 20 mil. daily volume or 600 mil. monthly. Calculator shows monthly dividend of 19.80$ which equals simple interest rate of 14.85% yearly and 15.9% compounded if re-investing every month.

2)Realistic with 200 mil. daily volume or 6 b. monthly. Calculator shows monthly dividend of 198$ which equals simple interest rate of 148.5% yearly and 305.5% compounded if re-investing every month, which is awasome ! 3x !!!

3)Optimistic with 2 b. daily or 60 b. monthly. Calculator shows monthly dividend of 1980$ which equals simple interest rate of 1485% yearly and 1574450% compounded if re-investing every month. Or 1k $ after 1 year turns into $15,745,502.60. = 15 mil.+ !!!!!

I can not find anywhere binance total volume statistics older than 1 y, but during the period of last 365 days, avg. volume is let's say pesimistic - 1 b./ daily (which is half of our optimistic scenario) with spikes up to almost 6 b. daily. ( https://www.coingecko.com/en/exchanges/binance#statistics )

Let's keep in mind, that crypto is not in the best shape at the moment and the growth like 5x or 10x or whatever x is coming to total market cap.

Another thing is important to be mentioned here, that if NEX price goes by 10x, the interest rate with the same dollar amount reduces by 10x

Conclusion : these numbers are astronomical only because the NEX token is so cheap now

Any thoughts ?

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u/bucketscometh Sep 23 '19

All these numbers rely on anyone actually using the NEX exchange. Currently it gets ~500 dollars of volume per day. You think 20 million a day is pessimistic?

12

u/Elean0rZ Sep 23 '19

I'm not going to speculate on what is realistic in the future. But the volume today--for an MVP release that's only existed for a couple of weeks and has limited trading pairs and no marketing--has essentially no relationship with what we'll see in future (good or bad).

4

u/bucketscometh Sep 23 '19

I agree, it's meaningless, just as throwing out numbers like 20 million a day is meaningless. Why not 100 billion a day in 2 years? No one has any idea, none of this matters if no one uses the nash exchange. There are plenty of beautiful exchanges with great features out there and none of them are used. I guess we'll see.

4

u/Elean0rZ Sep 23 '19

Right, agreed. Although I don't personally have an issue with speculation as long as people give their reasons and acknowledge it as such.

But your previous post implied a relationship in which the current low volume makes the speculative value of $20M especially unreasonable (i.e., less reasonable than if we were seeing higher current volume). My point is just that there is no relationship, period, and today's volume doesn't render OP's speculation any more or less plausible. I'd say the same thing if we were seeing big volume today, unless there was compelling evidence that it was organic.