When we were first looking at the proposal there was some confusion as to the units being used.
I thought I would receive x10 the coins because the starting price was 10 cents.
That starting price is very low to make sure no one gets an unfair advantage and exits immediately.
At the end of the day it doesn't matter if I get a million tokens to represent the debt owed to me or 1 token.
The units are arbitrary.
You are viewing a single comment's thread from:
@edicted
So I have a thousand dollars in Thorsavers, at TCY dollar per dollar, I would get 1000 TCY.
But in the liquidity pool it's rune/tcy and TCY is valued at ten cents.
That makes me wonder if I will actually get 10,000 tokens.
What number would you calculate?
Thanks
you get 1000 TCY
The opening price is 10 cents to allow people from the outside the bailout the debt and take the yield offered for themselves. I'm actually thinking about buying some if I can get them at 10 cents.
@edicted
Wow, so I could ten-fold my stake by matching what I have there, if I can get the tokens at 10 cents.
That's pretty tempting, possibly greed talking, but getting a share of the profits of an exchange which seems to increase it's swap volume every year seems like a retirement stream of income.
The numbers are a little high, 200 million tokens, 10% of 1 billion dollars or 100 million dollars divided by 200 million tokens is 50 cents per token or 500 dollars per thousand dollars of assets deposited in Thorlend or Thorsavers, per year.
If my math is right...
This is per year in perpetuity.
You would earn 12,500 per year and get back your BTC in 2 years?? If my math is right.
This sounds crazy.
I must be calculating something wrong.
Where did you get the $1B figure from?
Number I see being thrown around is $30M in 2024.
I was wrong....
I searched for Thorchains quarterly report, in medium by nine realms ..
56.2 billion in swap volume the last quarter of 2024 and several terms I need to research better. I think I multipled 329 million by 4 and rounded it to 1 billion thinking swaps were growing and the last quarter was the highest.
Source