RE: IDO CHALLENGE -- Win $500 Worth of Votes for your STEEM posts
yeah I guess you´re right with your thoughts, a lot of people aren´t aware of whats coming up in the next few years in the financiial markets globaly, said that means in the crypto universe there will be huge changes in handling money.
Unfortunatelly the process itself in and on sun-swap isn´t self explaining, for instance if you only want to put in a small portion of TRX maybe 500 or 1000 the fees grab a lot of that swap, and when you like to put the swapped WOX into the pool you lose another huge portion of those WOX.
Also the exchange rates TRX to WOX and WOX to TRX are not what one can expect when looking on the price !
If I pay at the actual rate for one WOX this price:
1 WOX = 4.2806 TRX($0.2911)
...and you will sell on the same time (just to compare it) one WOX this might be nearly 4 TRX right ?
That is actually only working with 1 WOX, with 10 WOX you will lose money 10 WOX isn´t 4,x TRX, its 3,33 TRX (for each WOX), and with 100 WOX you lose even more its 1,18 TRX fro each WOX.
And hey for 1000 WOX you will get 0,158 for each WOX look here on the screenprint :
and when I remember it well when I was swapping in some 1000 TRX to WOX it wasn´t better there is a lot of loss inside the transactions .
I guess there must be a much clever way to put in liquidity in the pool, without spending thousands of TRX for bringing in poor quantites of WOX ;)
Or maybe I´ve missed out the trick @wox-exchange ?
first thing .. you are on V1 ,, you need to be on V2 . second is like steem TRON is a DPOS chain ,,so if you don't wanna waste tron on burning fees then you need to stake trx for energy and bandwith . so that you don't waste trx burns for fees ..
hope this helps
#woxfi
You are absolutely right!
The fees for a small swap are too high. Unless you have enough energy from staking TRX.
Especially because you need TRX and WOX to add to the LP.
thank you for your reply @moecki, I learned from one other comment from tomoyan that I used the wrong Version for the calc and the swaps hehe very funny, but at least still the fees are to high, and for sure you had to gain a lot of steem for having enough to get returns on staking the additional TRX because the rate is very lousy, very very lousy ;)
I think you are using SunSwap V1 which has no liquidity. You should use V2
hehe thank you @tomoyan you´re right there the loss ins´t that bad its that simple when you know in wich corner to look ;)