I saw someone asking: "How long are you planning to hold?". I realized that not many are aware of this. One of the key aspects of future sustainability is DeepOnion's annual 1% profit from Proof of Stake (PoS), as a reward to holders. Any staking wallet shall receive approximately 1% of their holding amount every year, subject to the network weight and difficulty. This will act as an incentive to reduce dumping, which will strengthen the value of the currency as demand increase.
How can 1% profit help us achieve financial freedom? This is very important to understand because it contributes to DeepOnion's vision of a low circulation digital cryptocurrency. By July 2019, PoS reward will be reduced to 1%, which is insignificant. Use this spreadsheet to calculate your annual/monthly income from DeepOnion's 1% PoS reward according to your prediction of the future price.
How can 1% profit help us achieve financial freedom? This is very important to understand because it contributes to DeepOnion's vision of a low circulation digital cryptocurrency. By July 2019, PoS reward will be reduced to 1%, which is insignificant and cannot help achieve financial freedom unless you are holding and staking a lot of $ONION. What should small holders do? Even if a holder has 1,000 $ONION, 1% will yield 10 $ONION per year. 10 $ONION is still insignificant and isn't going to help much... right? Wrong... now I'll teach you how to achieve financial freedom subject to $ONION price. I created this spreadsheet that will help calculate your annual/monthly income from DeepOnion's 1% PoS reward.
Note: this is a public spreadsheet. Anything you type will be left for other to see.
Only the two white cells are editable. The rest of the document is locked. Input the total number of $ONION you hold and then add the expected price in the "$ONION price" cell to see how much is your annual staking reward. At what price point you will achieve financial freedom? Now you understand my point.
Every day, I find something that encourages me to contribute to DeepOnion and share it with this strong and powerful community. I hope this small article can help some of you make the right decision.
