RE: ColossusCoinXT is about to explode and the only two exchanges trading it are down!
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
I'm not sure about the sustainability of the masternodes, never thought about it just because they favor big investors and yes that's an issue but people could pool to get a masternode if they were smart enough :)
I understand your concerns and views comming from PIVX but I like investing into underdogs especially when I see such potential growth. The market is big for privacy coins and COLX will it's share in the next couple of months imo.
The FOMO is not in COLX not being available but it being listed on major exchanges soon.
Glad you appreciated the post, thanks for such and extensive answer.