It seems that FANTOM has not figured out how to incentivize node operators long-term. I listened to the AMA that was shilled yesterday and they said the mainnet is ready but they can't launch because they have no idea how to make it profitable for validators?? He even said it may be unprofitable sometimes. This is a huge concern, you can't say 15% staking returns and pull that out of your ass - the funds have to come from somewhere... Who is paying for the outrageous fees?? Users? Please help me with this red flag.
Here's a quick calculation:
- Assume FTM has reached $1 - Total market capitalization is now around $3 billion - We have 15% staking reward and 70% of supply is staked, paid out *annually*
$3,000,000,000 x %70 x %15 = $315,000,000
So we have $315 million in staking rewards that have to be paid out to validator node operators. In just ONE YEAR. Where is the money supposed to come from? How is the foundation making this much money?? This seems totally unsustainable desu.
Another example: - 1000 validator nodes - each staking 3,175,000 FTM
Cost per year: 1000 x 3,175,000 x %15 = $476,250,000
I find those figures mind-boggling. HOT is totally self-sustaining in comparison for example.
Mason Gomez
Cuz you can just throw them around, they weigh too little and have too little muscle mass to fight back, and it's a lot of fun to overpower them when they do.
That, and their tiny little bodies get more easily deformed by large phallic objects in their holes. Bulging is a sign of a good little whore
Aiden Perez
stop projecting and acknowledge my dubs checked
Bentley Roberts
again you can't post a thot image without attracting the degens... sad.
Isaiah Sullivan
bro just sell at mainnet. hopefully it gets listed on binance cex and we can ride the wave then but either way sell on mainnet. just look at link and every other cypto mainnet
Jayden Wilson
i am just curious how they want to make it profitable
