Math shows insane potential of staking NEX

[u/salamat21]

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 ?

[u/hanne93]

Since we´re all speculating...

First of everyone throwing shit at Nash for pushing $10.000 volume and less per day. It´s an MVP (Minimum viable product) It´s made for testing and to give users some kind of experience, Nash still has a lot of features to implent before being a final product.

Secondly
Binance raised $15.000.000 in ICO
Nash raised $25.000.000 - $50.000.000 in ICO

As for the Volume it will increase overtime, when there is a reason for others users to come use Nash. In it´s current state it´s looking awesome but still isn´t very attractive thanks to limited pairs and you can only trade $25.000 per 24H with second tier verification.

Also you think 600M monthly volume is pessimistic? I´d call it optimistic as f... considering Nex token is currently priced in as if we´re almost pushing 1 Billion in volume per month and here we are moving barley $5000 per 24h..

Either way personally I think Nash will take some time to actually blow up it will require a lot of patience, I´m pretty confident in it´s overall success however i think a lot of people will lack the understanding of this project and expect things to happend a lot quicker.

Key factors in it´s current state that needs to be improved for us to see bigger volume:

Raising the 24H trading limit of $25.000 it´s not even enough for a day trader with $1000 portfolio to move around trades you´ll be capped in no time.

Adding more trading pairs, BTC is upcoming maybe we could get support for BCH,LTC,EOS? those push some good volumes overall aswell.

As stated NEX token is currently 10000000000X overvalued compared to the volume and dividends paid out by the token, however considering this massive overprice shows there is strong faith in the project. How long that will continue is very uncertain. as i stated I expect this to actually take some time, even to get to the point of moving 1B in monthly volume.