get per dot or is it a percentage of the 100mil so if there's for 50mil lent how we get 2glmr per dot?
The rewards ratio will depend on the total DOT contributions to the crowdloan, your contribution, and the amount of the rewards. The amount of rewards is known - 100M GLMR. But the amount of DOT is not known and will impact the number of GLMR you receive. Rewards are paid as a % of your contribution to the pool (Your DOT Contribution/Total DOT Contributions) * 100 Million GLMR.
On the basis that if you contribute 1 dot, and using the formulae - (your dot contribution/total dot contribution) * 100mil. The below are some calculations based on different total contribution amounts. • 5 mil total contribution - 20 glimmer per dot • 10 mil total contribution - 10 glimmer per dot • 15 mil total contribution - 7 glimmer per dot •… and so on Keep in mind, we have already past 4.6 mil total contribution, and there is still quite a lot more time for further contributions.
Oooooo darn, I did not realise the exchanges hadn’t added their contributions yet, there will be a very low ratio left for us, low reward returns 🥺
Will have to see I saw somewhere that binance has 6million locked up idk. But I think an increase in dot locked up will raise the value of each token a bit
100 million dot is 10% of total supply no way we get that high
Considering to these scenarios and the crazy low reward, it’s really hart for me not to think about a scam project which the only winners are the VCs and the owner.
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