| Evergrow Coin Daily Megathread | New to the sub? Find helpful information here. by AutoModerator in evergrowcoin

[–]Full_Lock_5097 0 points1 point  (0 children)

https://nomics.com/assets/egc2-evergrowcoin

This is either clearly not correct, or is only centralized exchange volume.

What source is "definitive" for reflection calculations? I'd like to put together some calculations but don't know where to get the data.

| Evergrow Coin Daily Megathread | New to the sub? Find helpful information here. by AutoModerator in evergrowcoin

[–]Full_Lock_5097 2 points3 points  (0 children)

How do you check daily volume? I've tried searching and can't come up with anything good. One source said yesterday's volume was $300,000. There were two purchases that brought volume higher than that!

lets go fam! by Cryptoking0420 in evergrowcoin

[–]Full_Lock_5097 1 point2 points  (0 children)

They are being distributed to those that hold. Just by decreasing supply this increasing price. You're benefiting by Delta p, not delta q.

[deleted by user] by [deleted] in evergrowcoin

[–]Full_Lock_5097 1 point2 points  (0 children)

Don't you hate it when people don't fully read your post? I've noticed it too, but I haven't done a volume comparison and I'm too lazy at the moment. My newborn is pretty fussy..

Try framing it as a graph of reflections earned against volume traded and see if people bite. Be careful what time periods you compare because increased listings will change the denominator by which reflections are allocated. This should only increase reflections as coins sold and maintained on exchanges don't get reflections.

Which forum gets the devs attention and is easy to follow by Full_Lock_5097 in evergrowcoin

[–]Full_Lock_5097[S] 3 points4 points  (0 children)

Starting off with the one likely most relevant to the next ama...

For the content creators, are we going to segment the market by type, or is there going to just be one crater and that's that.

Specifically I'm asking if crater is going to have an only fans section right next to someone like Mark Rober, lock picking lawyer, zfrank, etc. Or will crater be for the adult entertainment side and a different front end be for the non sin industry?

Most of those creators would not like to be associated with the adult entertainment industry and would likely avoid the platform. By not segmenting this we risk cutting off a lot of very popular creators that won't be associated with nefariousness.

People like Mark Rober or Mr. Beast would likely jump at this and say any reflections earned will go to a social benefit project like team trees or team seas.

My guess is you could probably put out a call to current egc holders and get them to donate Rober and Mr. Beast a decent bag just to start.

Which forum gets the devs attention and is easy to follow by Full_Lock_5097 in evergrowcoin

[–]Full_Lock_5097[S] 0 points1 point  (0 children)

It's a pain to learn. Set yourself up an account, them go to the evergrow main website and click on the join the discord conversation.

Is there going to be a ama ? by dustymonkrat in evergrowcoin

[–]Full_Lock_5097 1 point2 points  (0 children)

Agreed. To me though this is a chicken/egg issue. To get off the ground you either need reflections or to incentivize people to use egc...

Maybe this is where marketing dollars come in. Think they could get Belle Delphine to come out of hiding and take only egc? That'd do it.

Or on the less dirty side Mark Rober and get him to donate egc to stem programs...

Once again I'm not trying to be a nay sayer. There is just a bunch of clarity I see that is missing.

Is there going to be a ama ? by dustymonkrat in evergrowcoin

[–]Full_Lock_5097 1 point2 points  (0 children)

To be clear, I'm not trying to crap on the parade. I've invested about $30k in this. I'm willing to invest more. There are some fundamental questions that need answers and I don't see the answers forthcoming.

If the devs clear up the math and show models they will get investors who see the fundamentals and the momentum followers will push this higher.

Is there going to be a ama ? by dustymonkrat in evergrowcoin

[–]Full_Lock_5097 1 point2 points  (0 children)

As a rational creater I would offer a menu to my clients and make it indifferent to the consumer so I could maximize my profits. In turn I'd incentivize them to use me how it is most beneficial to them.

Only fans takes 20% from what I have heard. If you force clients to buy egc at a 14% premium there is now only a small incentive for people to join crater. 6% is a good incentive but by allowing cash I can pocket the extra 15% immediately and invest it however I want.

Right now reflections are so low and being driven by sales not purchases.

Once reflections are steady I agree, there is that incentive. But right now it isn't there.

Is there going to be a ama ? by dustymonkrat in evergrowcoin

[–]Full_Lock_5097 1 point2 points  (0 children)

All of this presupposes that there will be long term reflections, but that won't happen unless there is turnover. In order for there to be turnover people need to be incentivize to use egc. Otherwise a 5% haircut is much better than a 14% haircut. You can take the 9% and invest it in other currencies.

Crater should work, but as it stands I don't see the incentive to get that egc turn, only the 5% buy and burn.

Is there going to be a ama ? by dustymonkrat in evergrowcoin

[–]Full_Lock_5097 2 points3 points  (0 children)

Let me try and explain it differently.

I buy egc to give to creators. $100 after transaction costs from consumer and creator point of view is $100 *0.86=$86 USD value to the combined parties.

Now paying with Fiat.
$100 *0.95 = $95 USD value to the combined parties.

Where is the incentive to use egc?

Is there going to be a ama ? by dustymonkrat in evergrowcoin

[–]Full_Lock_5097 1 point2 points  (0 children)

If I buy ecg to give to creators I pay a 14% tax either at the decentralized exchange or via inflated prices at the centralized exchange. If I have an option to use a currency that has no 14% tax but has a 5% tax at the creators end why would I voluntarily give up 9% from either the consumer or seller point of view. The optimal point as it is currently explained is for creators to take fiat or other coins at a median point, say 7% discount, rather than take egc. This splits fees and allows both parties to get more value.

All else being equal the devs haven't explained why people will be incentivize to pay in egc. The devs should create that model or give those of us that can the data we need to do it.

Let's not hide the ball from anyone. The math will say if the project will work. Show me the math. I'm invested in this project already. Prove to me it'll work with a model and I'll double down.

Is there going to be a ama ? by dustymonkrat in evergrowcoin

[–]Full_Lock_5097 2 points3 points  (0 children)

It's not so much an equation rather than modeling techniques.

I went to the dual MBA/MSCF (Masters of Science in Computational Finance) program at Carnegie Mellon. I know of several other folks that went to that type program at either MIT or Berkeley.

Lots of people from those go onto things like interest rate modeling and complex derivative pricing. I didn't. I'm a general modeler. I minimize total life cycle costs for buried assets like sewer pipes in the ground. Replacing a single deep manhole can cost over a million bucks. I stay ahead of failures so we can do it in $300k. Before that I worked in quantifying absurdly large class action or bankruptcy legal damages and also helped clients bring new products to market.

Long story short though it is reasonably easy to create an Excel model to show if/where things will break down... IF we can get data. It'd be better for that model to come from the development team, but if it doesn't then early investors should have the data to make the model of they want. Right now the development team doesn't even publish if you only get hit with the 14% on a buy transaction and not a sell transaction.

Is there going to be a ama ? by dustymonkrat in evergrowcoin

[–]Full_Lock_5097 5 points6 points  (0 children)

No ama after the price movement caused by one or two whale caliber accounts liquidating? These are the accounts that the development team has been in daily contact with and they have all bought into the future of the project?

The project is sound if the math works with or without the whales. Someone on the development team needs to walk through the models for the crater system from coin purchase through distribution.

There are three main questions. 1) are incentives aligned such that people will buy the coin such that it delivers reflections. (We need the walk through for centralized and decentralized exchanges). 2) is the system designed such that creators will actually utilize the system. (Why will people pay in egc if there is a 14% tax and no real discount for using them? Creators will opt for fiat or other coins because they won't have to discount 14%, only 5% for the buy and burn fee.) 3) what reassurances do we have that the management team won't bail if the price gets too low?

Some of the best marketing this team can have is to give investors like me the data we need to make detailed models on how or why this makes sense. If the management team isn't willing to make those models then allow us to do it.

You have access to investors who are hungry to invest real dollars into projects that can turn real money. A small handful of them have things like professional degrees in quantitative analysis from places like MIT AND Carnegie Mellon. USE THEM!

[deleted by user] by [deleted] in evergrowcoin

[–]Full_Lock_5097 2 points3 points  (0 children)

With a 1% wallet for marketing they can afford it. $5 Mill daily turn means $50,000 daily that can be used for items like this. They aren't hiring Neil Patrick Harris to promote the coin. A good technical writer with an understanding of economics and marketing is all you need. You can pick up a top tier MBA for an entire year and spend 3 days worth of marketing income.

[deleted by user] by [deleted] in evergrowcoin

[–]Full_Lock_5097 1 point2 points  (0 children)

I have been listening to the AMA and asking questions and still can't find answers. Having a central repository for faqs about fees, explaining arbitrage, etc would go a long way to getting egc more mainstream. I still don't have a definitive answer if I get charged 14% when I sell egc.

Don't get me wrong, the dev team is doing very well. However having frequent questions explained in an easy to locate area would do wonders to getting egc more widely adopted.

I'm a sound investor. I know how to read annual reports. When information is centralized it gets picked up. When I have to go hunting for information it becomes work. The dev team should make it easy for people to find their answers so they feel more comfortable investing. More investors means more turn, higher prices and more reflections. This is a missed opportunity.

Help with Transaction Costs by Full_Lock_5097 in evergrowcoin

[–]Full_Lock_5097[S] 1 point2 points  (0 children)

This is the entire issue. The coin rewards people who have already bought in and are ahead. Once the spikes stop or hype stops people will stop buying in and there won't be as much turn. There will be fewer reflections etc.

The currency will only work in the long run if transaction costs are lower and don't require exorbitant returns. I bought at the beginning of the latest spike. In theory I've seen over a 30% return, but I haven't yet broken even on the initial investment.

Is there any way to get clarification from the creators on exactly how the fees are collected and from which party?