SWP, and HARD tokens need more use cases, don't you

Question

SWP, and HARD tokens need more use cases, don't you

think @cryptodaz2 do the team have any? @cryptoswithcam - are these tokens and therefore us loyal and longer term holders second class citizens or afterthoughts?

Any reason why the team didn't just stick to two tokens (KAVA and USDX)?

Sure that could still be done, would make Kava more inflationary, simpler to deal with and perhaps easier to follow for newbies. Might mean a burn/swap facility for a year (as vesting becomes liquid, and rewards switched to Kava) making a pool of KAVA available for burning SWP (34m) and HARD (133m) for KAVA.

The annoying thing is (UK) tax on this
Sept 15 2021 if you earned 1000 SWP, this was $2080 (amazing), tax on this is either $208 or $416 (payable on amount when earned).
If price today $0.41 is unchanged when this becomes liquid on Sept 15th 2022 then the token value is literally EQUAL to the higher rate of tax (which might be wanting to sell to fulfil the tax obligation due shortly)!!!
If the price goes lower, one would owe way MORE tax than the value of the token!!
(Obviously earnings currently have less value and less taxable value, but if this bleed continues then come next year...)
You see the problem.

#blockchain #cryptocurrency #english #kava

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08.08.2022

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CryptoDaz (Darren) · Accepted Answer

CryptoDaz (Darren)

I agree and have been pushing and making suggestions. Hopefully they will come up with some changes soon

0

08.08.2022

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SWP, and HARD tokens need more use cases, don't you

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