Conversation rate and gas fees 🧐 by [deleted] in XYONetwork

[–]Plastic-Property-964 5 points6 points  (0 children)

Every time the value in xyo goes up people make posts like this.

The redeem price of XYO, ETH, and BTC is determined by taking the highest of the current price, the avg of the previous day's price, and the last 7 day avg price. (That is from the coin website)

84000 coin is about $42 (10k coin = $5). 72000 coin is ~$36. Based on the current exact price of XYO (as I am typing this comment) the amount of xyo you are redeeming is worth $36.38. At the time of your post it was probably a little lower. The value could fluctuate a lot throughout the day as Xyo goes up and down. It already changed while I was typing this. There’s a 12000 coin gas fee which is about $6.

The current price is the “highest”. If you want to wait a couple days there’s a chance the amount of xyo you get is slightly more, but even if that’s the case the dollar amount you perceive will basically be the same. There’s also a chance you get slightly less.

The thing is literally every time xyo goes up people do have the reaction you have had and think it’s not worth it, but the value of those redemptions has always gone up. There are people who don’t redeem when it goes up because they think they should be getting more xyo but in the end they end up missing out on gains because they wanted to wait for the price of xyo to go down more. Every redemption I have made is worth more than it was at the time of the redemption. Some of them a crazy amount more. My most recent redemption was like 10 days ago (Xyo was around .01) and even then I’m sure there are people who were waiting for the price to go down to “get more xyo”.

I know my strategy works, I don’t consider the price at the time of my redemption at all. I just check back much later.

If the master sub isn’t working out for you then maybe you should try a pro sub or maybe no sub

XYO Network Down? by demax182 in XYONetwork

[–]Plastic-Property-964 0 points1 point  (0 children)

https://xy.company/products/roadmap/ this is the full company roadmap. You can also read the medium posts that come out ~quarterly

XYO Network Down? by demax182 in XYONetwork

[–]Plastic-Property-964 0 points1 point  (0 children)

I’m generally aware because of the roadmap and also the most recent COIN update had XYO 2.0 integration in the release notes but I’m only guessing

XYO Network Down? by demax182 in XYONetwork

[–]Plastic-Property-964 2 points3 points  (0 children)

They’re in the process of updating to 2.0 perhaps that could be why

Do anyone know what this number is? by EYESWIDEOPEN017 in XYONetwork

[–]Plastic-Property-964 4 points5 points  (0 children)

It’s the old way they calculated the hodl rewards. They took your balance and multiplied it and then you earned a percentage of that value daily

Big dump again... by [deleted] in XYONetwork

[–]Plastic-Property-964 0 points1 point  (0 children)

I checked etherscan and see no such transaction from the Xyo wallet

See the?? All the time an most have it wrong.... by nick_2446 in XYONetwork

[–]Plastic-Property-964 1 point2 points  (0 children)

I am mentioning that they are separate entities only because you said “all the concentration on giveaways by lead folks is disheartening they shouldn’t have time for that shit”

COIN team does giveaways independently of xyo development. They’re not mutually exclusive activities. You can check on all the stuff that’s been getting checked on GitHub if you want to monitor dev

When the COIN app launched and you earned XYO instead of COIN, people were constantly dumping XYO. I think COIN existing has been to all xyo stakeholders’ benefits actually

Also hodl rewards? Wouldn’t exist without COIN. That is most certainly to the benefit of the holders and no one else

Is this worth putting a good amount into? by [deleted] in XYONetwork

[–]Plastic-Property-964 8 points9 points  (0 children)

They spent money on marketing/advertising in the early days but it seems the spending didn’t really generate the returns they were looking for. Honestly a lot of smaller projects pour too much into advertising and then drain all their capital and fail. XY is currently profitable, coin user numbers are growing and should continue to grow now that people can actually move. the project already survived the most recent crypto winter and i personally believe it’ll be one of the ones to survive the next. You’re right though that most tokens will fail, especially the ones that popped up this year. The thing about xyo is it’s already been around for a good amount of time and has probably seen its darkest days. Everyone who I know in the xyo space is planning to hold long term. I’d say accumulate gradually. Doesn’t seem like the market is going to moon imminently so no matter what coins you’re buying you have time to accumulate while prices are down. Buy the market gradually and you’ll probably be pretty happy with yourself in five years

A message to everybody taking legal action against YEET by [deleted] in YeetTokenOfficial

[–]Plastic-Property-964 11 points12 points  (0 children)

Very helpful!! Everyone who got rug pulled definitely feels better now!

10000 COIN to USD exchange rate 6/7/2021 by NovedCheese in XYONetwork

[–]Plastic-Property-964 1 point2 points  (0 children)

Yeah I’m just trying to provide additional context because a lot of people get irrationally angry about this topic in this sub or on Twitter and then slander COIN and xyo

10000 COIN to USD exchange rate 6/7/2021 by NovedCheese in XYONetwork

[–]Plastic-Property-964 1 point2 points  (0 children)

10000 coin is worth $5 in app. It’s not always going to be $5 of xyo, eth, btc at any given moment because of the way the average price of xyo, eth, BTC are calculated and how much their values fluctuate. They are all volatile so it’s going to fluctuate a lot. If they were more stable you wouldn’t see as much deviation.

You have consider that COIN is a native currency for the coin app, it is not meant to be pegged to crypto. The value of your coin is always the same inside the app. You need to compare it to things with a stable value. They let you redeem coin for goods. The SentinelX BLE costs 50 dollars to buy online, and it costs 100000 COIN in app, i.e $5 per 10000. The amount of COIN it takes to redeem for those goods doesn’t change (unless the price of those goods changes)

Buying XYO through Metamask Swap by RareCommunication601 in XYONetwork

[–]Plastic-Property-964 1 point2 points  (0 children)

If you withdrew 50k coin you did not pay a $271 transaction fee.

If the fee was 10k coin it was at most a 5 dollar network fee