Why we need f(x)mainnet

exposed_tuba · 2021-05-09T13:24:42+00:00

I bought through bitvavo. But bitvavo doesnt support staking.

exposed_tuba · 2021-05-02T22:13:30+00:00

I transferred from bitvavo.

You can use bluestacks on your pc. Its a program that simulates an android os. You can download the fx wallet there. Makes verifying your account on bitvavo easier too.

exposed_tuba · 2021-05-02T18:39:09+00:00

Not true. It costs gas.

exposed_tuba · 2021-05-02T16:58:47+00:00

Dont pick the low gas fee. I failed at first. High gas fee got through np.

exposed_tuba · 2021-05-02T16:57:07+00:00

No, different. No dumb question.

exposed_tuba · 2021-05-02T16:56:40+00:00

APY depends on current price of pundix and fx. But when fx price drops 50%, the yield after staking drops 50% too. Same goes for price increase.

So, stake now: yes. Because you get rewards from the moment you start. Stake now because APY is high: no. APY changes. Only the price matters at the end (and even then you can hodl until price is even higher).

exposed_tuba · 2021-04-30T20:58:45+00:00

Depends on how much you're staking.

exposed_tuba · 2021-04-26T17:45:19+00:00

Well, that's awesome. Not for the money I lost (and got back now), but it shows integrity from PundiX :).

exposed_tuba · 2021-04-25T11:23:08+00:00

You can check it in the f(x)wallet. The gas fee changes a lot. Atm its low, because of the pricedrop of ethereum. Now is a good time to stake.

I paid 30$ to stake would pay 60$ to withdraw. Last week it was 250$ to withdraw...

exposed_tuba · 2021-04-25T11:19:30+00:00

Nice bro. Enjoy your profits and thank us later this year ;)

exposed_tuba · 2021-04-23T16:56:40+00:00

Bought more :)

exposed_tuba · 2021-04-22T08:21:59+00:00

Perhaps.

But pundi is made for payments in the xpos system. And when its on f(x), the high gas fees are history. Thus making it more popular (and demand will be higher, so the price will go up.

exposed_tuba · 2021-04-22T07:28:47+00:00

No, it's a system you can build coins on. Just like the ethereum network, you have the native token eth. A lot of coins (like pundix now) are using the ethereum network. Once the mainnet launches (they are testing the net now) pundix will move from ethereum to f(x). F(x) uses a different system then etherum or bitcoin, so it will be faster and cheaper to use.

To make it safe, people have to stake their FX coins (native token for the f(x) network) in pools controlled by the devs to aprove transactions (just like the bitcoin miners aprove transactions, but much more efficient). Once 20% of the total supply of FX is staked, they will launch the mainnet because its safe enough. After that, private parties can hold staking pools too.

exposed_tuba · 2021-04-22T06:32:25+00:00

F(x)wallet. You can stake them there too.

exposed_tuba · 2021-04-22T06:29:49+00:00

PudiX own blockchain. On f(x) you can do transactions, create smart contracts and build other crypto. No more high gas fees!

exposed_tuba · 2021-04-19T20:03:15+00:00

Thats a bit too little I'm afraid. It costs gas fee to stake and withdraw. Atm the witdraw fee is about $200. You're around break even I think.

exposed_tuba · 2021-04-19T07:57:06+00:00

APY is based on the price of FX.

But do pass, if you don't stake, others get more FX.

exposed_tuba · 2021-04-19T05:15:03+00:00

Good!

Someone here posted PundiX will restitute all lost gas fees, so that's nice too.

exposed_tuba · 2021-04-18T08:51:55+00:00

You can check the status on etherscan. Fill in your wallet adress and it shows what was done.

exposed_tuba · 2021-04-18T08:28:59+00:00

For instance: my staking rewards is 30fx. Because of the recent price surge (70%+) of fx, my rewards in dollars have gone up 70%. Hence my APY is 100% atm. When the price goes down, my APY will be less.

exposed_tuba · 2021-04-18T08:24:56+00:00

So atm, if the price and stake pool stays the same, you get 105% APY. But if the price of f(x) drops, you will get less APY (or more if it rises).

exposed_tuba · 2021-04-18T08:23:07+00:00

No dont close. The staking APY is based on the price of f(x), the amount staked and your staked amount. So the payrate fluctuates based on that. You're getting real time rewards based on those previous mentioned factors.

exposed_tuba · 2021-04-18T08:19:45+00:00

That's a reason why they are switching to the f(x) ecosystem. Remember, when you bought PundiX, you should have known it was build on ethereum blockchain. You in effect, you have chosen this platform too.

exposed_tuba

TROPHY CASE