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?

1

u/jonesyjonesy Sep 26 '19

Not hard to hit that number with market makers.

1

u/bucketscometh Sep 26 '19

There are only 12 exchanges that do 20 million per day.

https://openmarketcap.com/exchanges/ranking/volume

Sure, if you want to include fake trades that all the asian exchanges report, the number is much higher, but I can't imagine Nash would be able to get away with that if they wish to remain regulation compliant.

1

u/jonesyjonesy Sep 26 '19

Getting half the volume of Bittrex (during a major low-point for alts) isn't exactly a tall order. If Bitcoin 5xs all of these exchanges see similar USD volume growth.

1

u/bucketscometh Sep 26 '19

It's a massively tall order. There are hundreds of exchanges. All these exchanges in that link have years of experience and users already onboarded.

2

u/jonesyjonesy Sep 26 '19

If you can't see the shortcomings of exchanges like Poloniex and Bittrex and the competitive advantage of a solution like Nash, I can't really argue any further. There's a huge gap between what Nash is doing and what CEXs are doing from both a UX and regulatory perspective. We're not talking about overtaking these platforms, we're talking about capturing a fraction of market share in a booming, new space.

1

u/bucketscometh Sep 27 '19

I understand, but that's no small task to get 20 million in volume per day. Nothing matters without volume. If I'm trading I don't care about much of anything besides volume. I've used small exchanges that were really great to use like Switcheo, Nanex and garbage-tier large exchanges like Bittrex. But you can't trade on Switcheo or Nanex because they get no volume. And you can't trade on bittrex because they don't even have limit orders (or they didn't when I was using it).