Lost me there.
Been discussed on this forum multiple time. You are not bringing anything new to change people’s mind. Whales are trading. Treasury is taking the fees.
The team doesn’t believe it’s an issue, why should we trust you ?
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Agreed unless someone can show me where slippage and fees didn’t rek someone trying this I don’t see this being the root cause of time price at the moment
I’m just a little froggy, i’m not a whale, so i cannot test this theory and see if i get a profit or i pay more on fees. I trust that there are far more smart and knowledgeable people around here that can tell if something is exploitable or not.
As far as the TIME price goes, staking actually mints more TIME, thus dropping the price of it. The best solution for staking is actually wMEMO. It captures the rebase, but it doesn’t mint more TIME.
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Buying and staking is an incentive. You can’t force people to do it. It’s hot a hard rule. Every market in crypto if volatile. If you can’t handle the volatility then you should go to a more stable market like gold or something. Even that has its ups and downs. You can’t have the ups without the downs.
You don’t you can just sit and watch your investments being trashed by whales
Its on avax for GOD sake fees are nothing compared to selling pressure
No one is forcing you to lock your TIME!!! Have you understand what I have said? Did you read the proposal?
Would also recommend you dig a little bit more on how the APY works. It is not directly related to the price like you talk about here.
The #how-does-wonderland-work Discord channel would be a good place to ask.
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TJ .3% In and .3% out almost eats the entire rebase set plus 1-3% slippage rebase hopping isn’t causing the selling pressure
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No, minting is what’s driving the price down. Staking is just a stock split. Minting creates more coins. They need to either slow the minting or stop it eventually and have people trade existing coins. Dont look at the price of time or memo but look at the price of wmemo, the treasury and market cap.
A stock split would technically also reduce the price per token.
It would, that’s why its better to keep track of the price of your wmemo rather than your time/memo. In any case, yes it’s down now, but not really any more than any other crypto. Eth was almost at $5k per coin, BTC was $69k and avax was like $138.
Have you read your own proposal lol 72 hr lock is still a lock.
People who rebase trade have been proven to not make money after the fees and slippage. If you’re holding and staking long term why are you concerned with short term price fluctuations?
I agree with you but if they achieve that means STOPING the APY and if they do that people will leave. its like catch 22. Plus, what is the use-case of wMEMO or even TIME anyway? Just stake for for stake and keep on staking. Also, where does the value of wMEMO is coming from? More work need to be done ASAP is they want WONDERLAND to survive.
Due if we keep on this way TIME will reach $36 soon.
The APY means nothing if it does not catch up with the price bing falling. I agree that inflation in TIME is a bug that needs to be fixed ASAP. However, they got theirselves in really bad conner now. If they stop the APY TIME will fall and people will leave.
A better case should have been incentivizing people to stake proportionally to TIME inflation rate for longer period of time. It’s called delay gratification. But they decided to go the easy route meanwhile TIME price is falling %80 and we didn’t even have BTC crashing?
Its just a fruit for thought. I will be selling at $2000. Good luck.
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Sifu stated that the revenue sharing will ask you to stake wMemo to receive revenue and the rewards will increase with the duration of staking.
Secondly right now for every Mint there is Time being printed which will stop soon. This way we have another thing reducing sell pressure.
I think people are forgetting about the age of the project. Four months.
Let give the time to develop it. There is so much to come and we act as if the world ends tomorrow.
Especially Sifu has a respectable financial track record I am sure he is aware of everything.
Bugs describe unexpected behavior, nothing is unexpected in this project.
And if so then probably because of unrealistic expectations of investors.
If volatility is not one’s cup they shouldn’t invest in projects using on the Nash Equilibrium.
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Roight roight roight… Forgot BTC reached 100k recently… Good luck!
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Buy high sell low. Good luck.
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