I dont like the current system they have to much control which will not last much longer as the control will be shifting as soon as enough tokens are acquired to push a vote through to change how it all works.
If it spiked its 100% manipulated since the mkt cap has declined so much I can change the price in what ever way i feel like as well since i have enough capital to over power the buy or sell walls which could be interesting if i can slam the price down into my own buy order and shake out ppl who panic sell which is a strategy that works well to get cheap tokens. This is a zero sum game and anyone delegating to then is losing bc of how much they take. Just think about how you can keep all your rewards or most of them and do that then if everyone does that it will force them to sell and tank the price more so you can scoop up the tokens at rock bottom prices and become the new majority holder and start it all over and you will be the one making all the money since you choked off there cash flow. You really dont need much money but i can access a few million soon so i doubt it will be much of a fight when I decide ive had enough and make a move to push them out.
You can put sell orders on the ask and push the bid up with a very small amount of money which can get interest in the token and fill your sell like a few x above where you bought it
next month possibly i may start really pushing the envelope to see who the players are and how much capital they have and then i can assess how to do what i want to with it. Same with many other coins to the bid ask spreads leave a crap load of opportunity as long as you have the capital to overpower the current whales in it and then you can do what you want and assume the role that they had by just making it not profitable for them. Its nothing they are not already doing,
I will win bc i can just keep throwing money at it until they give up and lose to much and after that is when i can recoup any losses but its a risk so im prepared to lose x amount on the attempt and it is likely more than the current group is willing to withstand
From what i understand its 10% plus admin and curator fees for manual curators do you have a exact breakout showing what comes in and where it goes how much of the total goes to delegators
I would think a better way would be to have delegators maybe get a bit extra by having maybe 20% of votes get both curation and author rewards plus combining with a LP investment to boost some of the ROI. Also take out the fee or lower it bc anyone in there owns alot of the tokens and are getting plenty id do it for 1-5% no other costs
Will anyone make the changes to hat so ppl can vote? I want to basically put a tender offer out to buy up enough to contorl it and do those things so everyone can vote and be involved in decision making
I guess i have the backing to buy up the tokens but it would be slow better to get delegators to jsut delegate i do the same or better and lower the threshold then everyone can make this a sps like fuctioniog dao
Also will be making a competing curator that will pay much more and acutally more than 100% suthor and curator votes so Im guessing once ppl see that they will lose all there delagations bc they wont make money unless they figure out how im going to do it and are willing to take a razer margin or a sustained loss to keep control over it
Fantastic post about SPT, the best I have seen so far. And not just because you mention us. 😉
I noticed the price spiked with their latest announcement, nice review! It kind of escaped my attention that there was a new interface!
@tipu curate
I dont like the current system they have to much control which will not last much longer as the control will be shifting as soon as enough tokens are acquired to push a vote through to change how it all works.
If it spiked its 100% manipulated since the mkt cap has declined so much I can change the price in what ever way i feel like as well since i have enough capital to over power the buy or sell walls which could be interesting if i can slam the price down into my own buy order and shake out ppl who panic sell which is a strategy that works well to get cheap tokens. This is a zero sum game and anyone delegating to then is losing bc of how much they take. Just think about how you can keep all your rewards or most of them and do that then if everyone does that it will force them to sell and tank the price more so you can scoop up the tokens at rock bottom prices and become the new majority holder and start it all over and you will be the one making all the money since you choked off there cash flow. You really dont need much money but i can access a few million soon so i doubt it will be much of a fight when I decide ive had enough and make a move to push them out.
You can put sell orders on the ask and push the bid up with a very small amount of money which can get interest in the token and fill your sell like a few x above where you bought it
next month possibly i may start really pushing the envelope to see who the players are and how much capital they have and then i can assess how to do what i want to with it. Same with many other coins to the bid ask spreads leave a crap load of opportunity as long as you have the capital to overpower the current whales in it and then you can do what you want and assume the role that they had by just making it not profitable for them. Its nothing they are not already doing,
I will win bc i can just keep throwing money at it until they give up and lose to much and after that is when i can recoup any losses but its a risk so im prepared to lose x amount on the attempt and it is likely more than the current group is willing to withstand
Excellent article all around.
Your explanations are clear and concise.
I love that @monster-curator is doing the curation initiative to help spread the love while SPT potentially grows.
🥰@carrieallen
I was looking to know about SPT today, Now I got an idea since its price was increased almost double
Make sure you buy on the bid the spread is how money is made i fuck around with the price all the time
Does it disclose the fees and costs taken out anywhere
From what i understand its 10% plus admin and curator fees for manual curators do you have a exact breakout showing what comes in and where it goes how much of the total goes to delegators
I would think a better way would be to have delegators maybe get a bit extra by having maybe 20% of votes get both curation and author rewards plus combining with a LP investment to boost some of the ROI. Also take out the fee or lower it bc anyone in there owns alot of the tokens and are getting plenty id do it for 1-5% no other costs
Also need to lower daos voting cap form 20 million to like 100k
The curation cartel has complete control
Will anyone make the changes to hat so ppl can vote? I want to basically put a tender offer out to buy up enough to contorl it and do those things so everyone can vote and be involved in decision making
I dont think so much power should be in one orgs hands they just bought monstrer curator also
I guess i have the backing to buy up the tokens but it would be slow better to get delegators to jsut delegate i do the same or better and lower the threshold then everyone can make this a sps like fuctioniog dao
Monster curator needs to disclose fees a bit i think and i think if not alrready show a complete record of what goes where into whos pocket
I want ot use SPT for a really cool project but will never unless its not contoled
Idunno about that you can maker some serious money if you know what your doing
Also will be making a competing curator that will pay much more and acutally more than 100% suthor and curator votes so Im guessing once ppl see that they will lose all there delagations bc they wont make money unless they figure out how im going to do it and are willing to take a razer margin or a sustained loss to keep control over it