Damn! It just ate my message.. Trying again

Question

Damn! It just ate my message.. Trying again

will back up this time..

So, let me get this straight.
The DOT auction has a max cap of 100 MDOT (Currently 3.1131 M)
The GLMR allocation is 100 MGLMR (10% of total)
So the min reward will be 1 GLMR per DOT.

The GLMR's were ICO's at 0.25 USD.. So the reward could be as little as 0.5% return (0.25/49.83)

This is compared to KSM which has a max cap of 1MKSM (i.e. 100x smaller!) and the rewards were 70% of the total MOVR's
ending up as 14.6 MOVR per KSM which is worth 5,560.695 USD per KSM.

I.e. this auction could be worth many thousands of times less to DOT loaners than the KSM loaners?

Is there anything wrong with my maths here?

Even with the current contribution of 3.1131 M DOT (3% of the max), the rewards seem like 32 GLMR's, which are only currently worth 8 USD for the 49 USD loans? And this is certainly going to get much worse as more people loan?

#blockchain #cryptocurrency #english #moonbeam

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06.11.2021

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M Crypto · Accepted Answer

M Crypto

I would like to hear the mods answer these q's

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06.11.2021

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Damn! It just ate my message.. Trying again

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