I have been using BigONE and holding ONE Tokens for two weeks and it is incredibly profitable until now. Usually when you have this kind of profitability, I question myself how it is possible and is it a SCAM? Of course that I can't be 100% sure and guarantee anything, crazy profitability of ONE Token holding have logical explanation for me, so lets start ...
Price of ONE Token is 0.00612 USD at moment of writing. That means that for 1 million ONE Tokens you have to pay 6120 USD. Current daily dividend that you get for holding 1 million ONE Tokens is 0.01014623 BTC. At current BTC price of 7450 USD you get around 75.5 USD daily in various tokens! That is 1.23% daily ROI! Looks really SCAMMY...
Is there any explanation for that? Yes there is...
First of all profitability is declining because everyday BigONE is releasing new portion of ONE Tokens through trade fee mining, until total of 20 billion ONE Tokens are out.
There is 2,570,405,954 ONE Tokens currently in circulation so when when all ONE Tokens are released, profitability will be 8X lower because it will be 8X more ONE Tokens that will share profit. That means that daily profitability will fall from current 1.23% to 0.15%.
Have more sense now but even like that, 0.15% daily dividend X 365 days in one Year, we get 54.5% ROI. Still unrealistic.. but still very logical...
Explanation for that is that ONE Token is unfairly very cheap plus, when trade fee mining is over, volume of BigONE will be lower. Similar tokens like ONE Token cost much more at other exchanges. CoinEx exchange Token CET is 0.058 USD so it is 9X more expensive plus ONE Token share 100% of earnings vs 80% of CET Token. There is 2X more ONE vs CET, 20 vs 10 billion tokens but price difference is still too high.
BigONE is currently at 16th place by volume at https://coinmarketcap.com and dough I am sure that with trade mining end volume will drop, I hope that with this promotion and exposure, more users will come to trade on BigONE and volume drop will be smaller.
Beside all of this, BigONE exchange is really nice to use. All trades, deposits and withdrawals are executed without any problems and it is first EOS oriented exchange. You can vote on chain, trade EOS RAM and trade most of current EOS Airdrops. This make BigONE really unique...
There is also referral program and here is my referral link if you wanna register onto BigONE. https://b1.run/users/new?code=UWAFFTDX
I am not financial advisor and this is only my opinion about BigONE. If you wanna invest into BigONE you should DO YOUR OWN RESEARCH...
Regards,
These types of gains are very possible to average out over the course of the year, maybe not with massive server space but a few people just watching the internal market sway back and forth on steemit full time for example, think of how possible picking up a few basis points like that on the average over a pretty lengthy time even?
What? You can actually vote for eos bps via big One? That would be awesome...
Yes. There is no other exchange where you can do that...
Well Bitfinex does too, anyhow...and you can vote for 21 and each vote counts??? Maybe I should take another look, need an alternative to binance anyway
Didn't know that. Can you buy and sell EOS RAM at Bitfinex? I have stopped using Bitfinex when they have raised minimum withdrawal limit...
I don't think you can trade ram there, at least not aware of it. When i started alts bfx had a minimum deposit bar far beyond my reach, but looking for an alternative to binance, who have just become too unpredictable as regards eos...so maybe big one is an alternative...
Great job, you did find another profitable coin, which is quit hard at the moment!
Cheers,
Peter
Thanks Peter 😀
Its impressing
It might be worth cashing out some of your tokens just in case. (Cash out enough to cover your initial investment).
Their system sounds unsustainable - it's probably a loss leader to attract customers. Loss leaders work if you as an exchange earn enough later to cover them. If you don't you end up going bust.
It is not unsustainable. They share 100% of fee earnings but they are holding many ONE Tokens so they are getting dividends like every other ONE Token holder. That is brilliant and fair in my opinion...
Ya i got your point if work on it can achieive good amount
Nice write-up
Your recommendation are always great and legit.. Though I need to make my own research and finding
#thanks for sharing
It's good to see this kind of informative post helpful
Nice write-up
It may be a nice initiatives AND highly profitable one
#BIG one
आपकी सभी पोस्ट बहुत बेहतर हैं...मुझे यह पसंद है
बहुत बहुत धन्यवाद
@chcbar Hi friend how are you. Wow very grateful post my best friend. I like it cryptocurrency. thank you so much my dear friend.
massive opportunity for the coin users.Hope it will be profitable.
Nice inform , really amazing news . I hope your information is very helpful for steem worker .
Thanks for sharing @cicbar
Thanks for sharing your idea @cicibar, this Is what most people don't do.... More grease to your elbow
Good job
Post the best, I like it your post.
I love the entrepreneurs
..more grease to your elbow