Coinbenes 1 month long promotion of 100% dividend allocation nets a holder of 2k CONI the following
Dividend Calculations: = (# of CONI you hold / hourly CONI volume) * Exchange Fees
-Exchange Fees: Assume 0.005 rate and $100,000,000 daily volume. -Dividends are provided in ETH every 24 hours. -CONI hourly volume currently is about 50/24= 2 million
Sample Calculation for 2000 CONI:
Hourly Dividends in ETH = 2000 / 2 * ($100,000,000 daily volume * 1 day / 24 hours * 0.005 (fees) ) Hourly Dividends in ETH = $20 USD / hour
Very approximate but you can see the potential. 2000 CONI is about $1.2k USD right now.
So 14 600$ in your pocket over the 1 month. 146 000$ for holding 20k coni Seems legit ?
It doesn't fucking seems legit. You buy 2k coni with 1k$ and you earn x12 within month only by dividens. No way.
William Fisher
Then why is dumping you fucking gook pajeet
Ryder Taylor
>So 14 600$ in your pocket over the 1 month. 146 000$ for holding 20k coni >Seems legit ? If you need to ask this question, you're too retarded to be trading. fucking pajeet.
Jonathan Perry
Fee is 0.1%, so here is the new calculation:
Dividend Calculations: = (# of CONI you hold / hourly CONI volume) * Exchange Fees
-Exchange Fees: Assume 0.001 rate and $100,000,000 daily volume. -Dividends are provided in ETH every 24 hours. -CONI hourly volume currently is about 50/24= 2 million
Sample Calculation for 2000 CONI:
Hourly Dividends in ETH = 2000 / 2 * ($100,000,000 daily volume * 1 day / 24 hours * 0.001 (fees) ) Hourly Dividends in ETH = $4.2 USD / hour
Landon Bailey
I don't give a fuck about dividends but brainlets do and if i true it's going to mars, so at what price per CONI the $20/hour is not atractive anymore?
all i know is this chink has exchange has 99% fake wash trading volume and as soon as fees kick in, the real volume will show and make this shitcoin dump to zero
Adam Davis
bingo, this is all fake volume to try and rope in retarded gweilos
Daniel Davis
But part of their dividends go to active traders, so even if it was mostly wash trading before, once the program starts a bunch of real trading will take place. Then the holder will make dividends from all the trading that’s going on, and when people see the holders making money, they will want to fomo in and collect ethe rewards. All this brings more money and more trading to the exchange, which means the dividends/price of coni will increase. It’s a pretty ingenious tactic to increase the volume of uiue exchange. We’ll see how it plays out.
Christian Hill
*ueui = your
Colton Sanchez
Hmm why will real trading replace the wash trading. If people wanted to use it they already would be. No one is buying the exchange token to save on fees like with bnb. They will be buying it to sit on it and wishfully making easy money from the dividends but that’s where the whole concept goes to shit. The bots stop once fees kick in and the volume dies and dividends with it.
David Thompson
Great short-term play here regardless
Adrian Barnes
Sell
Bollinger band squeeze atm
Kayden Morgan
Too risky for my taste, good luck bizbros
Jason Davis
why would anyone want to trade on this junk exchange?
this whole chink scam is only known for its meme dividend token.
binance, kucoin and bibox actually had to offer something and partnered / push started many good icos.
this shit exchange has incompetent retards who have zero clue about nothing. i ask the whore of a ceo what the circ supply of coni is and she says, not memeing original quote: "idk hard to calculate" on tg
fuck em
Bentley Williams
The fees have already been running for 3 hours
Julian Turner
big if true completely discredits all fud
Lucas Torres
Same reason as why people would want to trade on Fcoin exchange, you get divs.
Fcoin still did 120x regardless.
Im betting on the market maker here.
Carter Lee
you fucking retard no one is telling you to marry this shitcoin get in and play the game faggot
Thomas Jones
brainlet still doesnt know how to make money who gives a shit about fake volume lmao every fucking exchange is only fake volume no wonder everyone here doesnt make any money
Asher Cruz
>Go to slip.gg >Get 0.00007452BTC for free with the code "Mesper" >Use a martingale >??? >Profit
i have 60k of these niggers, why haven't i gotten anything ?!?!!?!?!?!?!?! REEEEEEEEEEEEEEEEEEEEEEEEE
Xavier Hill
wait for the 23rd gooooyyys I mean A CHINK told us it's gonna fcoin right?
Adam Carter
At this rate, I expect more of a giant red dildo taking us down more than anything else
Jordan Adams
Try day trading. You earn so much more from fees. Dividens gives me 1$ per hour but from trading i've got 0,47eth accumulated.
Liam Hall
I’d explain it to you, but you’re obviously just trying to get your buy order to hit.
To anyone else listening, Coinbene is a real exchange, trying to up their real volume permanently. They might even keep the bot trading going through the beginning of the div rewards if they think it’s necessary to make this whole operation work. If they’re successful at it, CONI holders will get a fat pump. IF. We’ll see when the first div rewards come in, which I guess is in 18 hours from now (midnight China time).
Wyatt Barnes
i daytraded my stack from an initial 45k to a now 60k stack, but this shit is getting fucking manhandled by bots now, and it's beging kept at a 1 gwei spread. It was much easier earlier, when it had a lot of spread and volatility. I feel like if i sell my stack now, i'm not going to get it back lul
Dominic Lopez
To be precise it's 467 coni. It's just worth now 0,47eth.
Zachary Campbell
You can trade smaller stack. Sell and buy within 1 gwei. Sometimes it dips so you can even get more conis but main profit is trading and mining. They have 50mln to give. I just started trading because getting dollar per hour is a joke.
Ethan Parker
is a bot going to buy into a relatively big order though? all i see in the market trades are 10-500 quantity buys. None of the big orders are being touched
Oliver Sanders
so you mine it by trading? but how the fees part work?
Jason Parker
aaaaand my entire order got swooped up, and it blew up 20 gwei from my sell lmao
Colton Green
mfw only 2300 CONI.. life is hard
Nicholas Nelson
You pay fees but you're getting them back next day when they pay reward. You pay 0,1% fee and you get 100% back. It swings but i trade my whole stack which is 8,4k. I don't have to nail it every time. Usually it dips.
Alexander Wood
Last hour I got 0.04566035 eth
Christian Ward
what do you mean last hour? dividends are gonna paid out tomorrow right?
yeah I saw that, but is it hourly or for the whole day: "The dividend to be credited today"
Carson Green
They update every hour and then you collect reward tomorrow.
Alexander Hernandez
The "The dividend to be credited today" is updated hourly and paid once every 24h
Blake Roberts
Talked to the admins its a total for the day. Although the day isn't over yet. You can see the cumulative revenue increase for the day and your dividends to be credited today increase as you refresh hourly.
Juan Smith
perfect, thanks! already was worried about the dividends, shit is gonna get gud
user you have information listed for both trading and dividends. It updates every hour and it shows how much you accumulated so far. You don't have to calculate your dividens because it shows in this site.
Isaiah Moore
it's much much lower than you calculated probably because the fees are only from some trading pairs and not all of them
Easton Barnes
Brainlet you provide a url to the damn site and fail to even read it. Your calculations are wrong thats why it isn't giving as much as you anticipated. Can't even do friggan math baka
Daniel Bell
I bought 2k coni a couple of hours ago, and it tells me i should be accredited 0.00333414 and/or 6.31 coni?
Brody Long
dividens pay out once a day, calculation is hourly
Camden Davis
desu the dividends are a bit underwhelming
Anthony Cox
I'm still averaging between 400-520 usd per month off of 2k coni.
That's 40-52% per month which is not underwhelming at all.
Jace Wood
A real exchange for sure, but honestly if the dividends and passive income is true on this one it should just be a matter of time before a exit scam. If not, CONI will sky rocket.
Ayden Butler
Planning on getting another 2k, sadly this is everything I have as a poor student to invest.. If this one turns out to be true tho long term it will be a lifesaver.
In bear market it's actually ok. Try to trade once per hour and you get more conis or just wait, chinks probably are going to pump coin.
Grayson Martinez
I'd grab another 2k but I don't want to re balance my portfolio.
Owen Stewart
>I'm still averaging between 400-520 usd per month off of 2k coni. >That's 40-52% per month which is not underwhelming at all.
That's insane - surely can't be sustainable. Divs are paid in CONI, right? So people will have to sell to realise their div profit. Unlike BIX where divs are paid in ETH, which stops people selling their new BIX.
Jordan Moore
It’s gonna be a pass from me on this one, dawg. Basing it 100% on the coinbase logo/color scheme ripoff. This has chink nigger scam written all the fuck over it. Good luck
Ryan Hernandez
you forget that they will release another 50m which doubles the circulating supply
Cameron Robinson
Divs are in ETH. Trading divs are in CONI
Liam Bailey
everything chinese is a ripoff lol. bibox is a binance copy for example. there's a lot of money to be made here, just the early guys that bought at launch is miles ahead of everybody, but still lots of money to be made here
Adam Cox
Wtf I have 4k coni
Benjamin Wilson
>Unlike BIX where divs are paid in ETH, which stops people selling their new BIX. coinbene.com/#/notice/detail/624 >Rules:100% trading fee will be released based on a formula: the holding volume of Coni per hour divide the hourly total volume of Coni and multiple 100%. The trading fee will 100% exchange to ETH by closing price hourly and will be return at 15:00 next day.
Ryder Wright
well I have 4k coni and so far have $4
Austin Smith
If you dont think this is going to hit 1$ next month you've got to be kidding yourself
So you're trading your whole stack instead of holding? Which pair are you trading?
Ayden Russell
Trade once per hour. I've got 844 conis from mining.
Joshua Jenkins
How big is your stack? I have 1.5k..
Angel King
>If you dont think this is going to hit 1$ next month you've got to be kidding yourself
kek, it's going to dump so hard. They're releasing more tokens all the time, why is it going to moon?
Thomas Hernandez
They release 50 mil and that's it for the time being
Aaron Foster
it's 8,5k. I trade my whole stack. I use coni/eth pair. Even trading within 1 gwei do the work.
Julian Richardson
How many total trades have you done if you don't mind answering?
Isaiah Lee
2 or 3 per hour, i gain between 120-150 coni. That's enough because it swings too much for me.
Jack Ross
this thing is going to blow up. This is a Chinese exchange and they are sleeping right now. Yet the volume is starting to grow as people are catching on about the trading and divs.
Samuel Morgan
Marketcap is not that big yet, even with 50 million coins being added. See cuckcoin shares
Leo Fisher
>Yet the volume is starting to grow as people are catching on about the trading and divs.
It's all botted, you fool. The chart has been bearish all day, and enough people are awake to make this moon if they wanted to.
Robert Morgan
Do you guys think that the coin will moon once the 50 mil coni have been mined? I think right now its heavily manipulated by trading bots keeping volatility low, what do you think?
Cameron Thomas
graviex
Asher Morales
Why are you not trading the btc usdt pair, 0 volatility
Mason Adams
They give 100k coins per hour so it takes almost 21 days to give all 50mln conis. It doesn't have to moon to earn money and they can dump bags on you.
Christian Parker
ITT B A G H O L D E R S
Nicholas Hill
I hold conis for dividens, now it may seems poor but i think volume will increase with divs.
Carson Harris
>Muh 2k coinbenes is a lot
Pic related coni traded in the past few hours, people literally trading millions of these fuckers. Link here: