In this post I talk about the drop in price that just took place for ALIVE, and how it sent the APR for our daily staking rewards up to 10.97% because of it, enjoy!
Made in Desygner, photo by Erik Gustafsson
Hi there and welcome to my blog, my name is Erik Gustafsson and I go by the handle @flaxz.
ALIVE Price Dropping - APR On Daily Staking Rewards 10.97% After The Drop
So the price of our ALIVE token just took a tumble, from over 0.031 as the highest bid down to 0.010004.
Standing buy orders pretty much ran dry for some reason, and then it fell.
Now the part that I find interesting is where this left the APR for our daily staking rewards.
This is what we pay out to ALIVE stakeholders each day.
BRO: 0.43
PGM: 5
LOLZ: 5
DGEDGE: 5
How much each account gets is based on the stake that they own, regardless if it is delegated or not, plus we remove tribe owned accounts and also all stake that is below 1 ALIVE, which gives us a a total stake eligeble for these rewards of 1043388.9460 in ownedStake.
In the table below I have calculated the APR for our staking rewards, and used Highest Bid as the price for each token, and that gives us an APR of 10.97% for our daily staking rewards.
| BRO Payout | BRO bid | PGM Payout | PGM bid | LOLZ Payout | LOLZ bid | DHEDGE Payout | DHEDGE bid | Hive Value Payout |
|---|---|---|---|---|---|---|---|---|
| 0,43 | 6,20000001 | 5 | 0,0193012 | 5 | 0,02207 | 5 | 0,05324 | 3,139056004 |
| ALIVE bid | 0,010004 | ALIVE ownedStake | 1043388,946 | APR ALIVE Staking Rewards | 10,97670554 |
10.97% in daily staking rewards for a tribe token with a lot of use case is not too bad in my opinion.
If you want to know more about use cases for ALIVE then read what one of our tribe members @ironshield says in this post, Why I invested 100 HIVE into the ALIVEM Token.
In addition to our tipping bot, which is not printing new tokens by the way, and all projects run by the tribe to encourage engagement and good content we also have a weekly burning contest on Tuesdays that burns around or over 500 ALIVE per week, plus a weekly staking contest on Thursdays, and a lot more
Thank You!
Thank you very much for reading this post and I hope you liked it, leave your thoughts in the coments below, and ...
Stay Awesome!
Sincerely,
Erik Gustafsson
My profile on We Are Alive And Social
This is my own personal opinion, do your own research before investing, and seek legal counsel if uncertain.
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Made in Desygner and Adazing, photo by Erik Gustafsson