Is a 30% APR for Master Node holders sustainable? With this many coins being created annually is it possible that the basics laws of supply & demand will actually restrict the potential for growth in the "per coin" price?
My other concern is a system that favours the already rich. How is it fair that someone who already has $170,000 to invest is rewarded with such a high percentage of the rewards when compared to the average COLX staker?
Obviously, I love the base protocol for the project (I am on the PIVX team). But I am having trouble understanding the value that COLX brings to the economy above and beyond PIVX?
When PIVX forked the DASH protocol a very different coin was created primarily focusing on fairness, equality, and a better wealth distribution globally. My initial assessment of COLX is it is similar to PIVX with better coin rewards for the wealthy. I am fighting to level the playing field, not widen the already increasing gap between rich and poor. For that reason I am going to stick with PIVX.
I have little doubt the FOMO will be strong when markets re-open after availability being restricted. Cryptopia won't be massive, but it all helps. Bittrex would be a huge win for the COLX team and investors.
I do wish the COLX team and investors all the best with the project. It is important for people to be given choice. And despite preferring PIVX, I would still take a big bag of COLX over my Aussie dollars any day!
A well-constructed article highlighting the importance of coin availability.
Thanks for the info,
Fish
RE: ColossusCoinXT is about to explode and the only two exchanges trading it are down!