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RE: Announcement - BUILDTEAM Token Now Listed on CoinGecko.com!
Nah its 74 000 not 74 million.
I did not know that inflation was that high.
Hmm. That means the number of tokens will double in 14 months from 74000 to 150 000.
Its almost 90% inflation.
@thecryptodrive can you confirm this?
Yes that's right, bear in mind we don't always issue all 5000 in one month, in slow dev work months we issue less, sometimes only around 3000 per month, but your math is not wrong regarding the max allowable inflation. We are currently discussing a buyback using a % of our monthly profits that was earmarked for savings prior to reduce the supply.
Remember the 74 000 tokens were achieved at a constant inflation of 5000 tokens per month from zero, there was no initial bulk issuance, was always at this rate. If you think about it, most projects issue or airdrop several million tokens at the outset and then trying to work their way out of the oversupply, in the case of BUILDTEAM it could be considered as a prolonged issuance that didn't happen all at once.
Once the market pumps and revenues start streaming in, the impact of inflation will be less problematic. I will give you a sneak preview of an investor-grade leasing market platform we will be releasing in a few days, the url is https://dlease.io also @tokenbb is having good progress and is poised to gain a large share of the user interface market.
We are always looking at costs and with the advent of MIRA, Steemit's lower cost node infrastructure we should be able to halve our monthly node server costs. In light of future cost reductions and potential revenue, I can't see how our monthly profits won't at least double, which will carry the inflation over the next 14 months, basically to maintain the status quo our profits have to double every 14 months, it was just unfortunate that we are all used to the boon of the bull market which with aggressively overinflated.
In addition to this, we will be meeting with our devs this week to discuss ways that we can optimise dev pay to reduce inflation.
We are trying our best for the BuildTeam network, please bear with us.
hmm. Ill need to look into the math a bit deeper. See how much my % stake is being reduced monthly and what the steem payout growth rate will be.
Those few things look promising. Definitely going to look into the lease market. Nice design improvement.
Awesome thanks, I edited the above with extra info incase you saw only the old comment.
Realistically our distributed profits have been around 1400 STEEM per period (2800 STEEM) per month these last few months, It can't be hard to double that, MIRA should shave at least 600 STEEM off our server costs per month and as the STEEM price rises we need to use less STEEM to pay for external server infrastructure which means more STEEM to distribute to stakeholders.
I just worked out that the yield on the BUILDTEAM token is roughly 69% per annum at current prices and revenue levels.
Check if my math is correct, there are 62k staked tokens in total at approx market price of 0.29 USD each which makes the staked value 17 980 USD, then consider we distribute currently around 2800 STEEM per month to vested stakeholders, at a Steem price of 0.37 USD that is $1039 per month x 12 = 12 468 USD per annum.
So 12 468 USD / 17 980 total vested stake x 100 = 69.34 % ROI annual return.
Most traditional dividend stocks only yield 4 to 7 % per annum. Darn, one of the BuildTeam mandates is that founders can’t stake otherwise I’d buy out the entire sell wall, lol.