Thoughts around dunk and its curation
This is my first post on #dunk platform. I have been using the tag since last few weeks and I made a small investment in #dunk coins when I saw a post from @amr008 that he is going to offer the dividends for this coin. It was quite obvious to track the APR.
In first few days I realised that there is an outstanding APR for #dunk coin.
I am a freelance blogger and I decided to invest some time in #dunk because of the simple economics.
Curator's Calculation
I made simple calculations and figured out that at current price for 2350 Dunk the vote value is close to 5.6 Dunk. Considering 50% share for curators on #dunk vote with 2350 Dunk fetches 2.8 Dunk. This also means when a curator gives 840 upvotes of 100% voting power, he achieves break-even.
Days for Break-Even
Considering approximately 20 upvotes, one achieves break even in just 42 days or may be 45 days as all the 20 votes will not be carrying the 100% voting power.
Compounding effect
Now let us crunch some more numbers. When you give the upvotes, you get the curation rewards in your wallets within 7 days. Which means after 140 upvotes, technically your voting power starts increasing. This compounding helps in reducing your break-even period.
My Expectation
Here, I have a simple expectation. Though the tokenomics look great in terms of curation rewards, it is necessary to provide the liquidity in the market for #dunk. At the time of writing this post the turnover on hive engine in last 24 hours was just 3 hive.
The engagement project run by @amr008 revealed us the true potential of #dunk coin, which was giving the highest APR surpassing the #pob. However, the liquidity in #pob and #leo tokens make it special and #dunk holders need to focus more on the liquidity of the token in the market. The difference in buying and selling price expectations is quite huge.
This would result in changing all the tokenomics.
Discussions
I have done very rough calculations here just to give my brain some exercise. Now i want you to criticize, support and comment.
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STOPTo support your work, I also upvoted your post!
Check out the last post from @hivebuzz:
I try to provide liquidity sometimes. But the problem is I can't do that alone, as no one else is really buying up more dunk from the market. I might create something like @burnbot9000 for #dunk if @rob23 wants something like that on Dunk Social.
Exactly, the purpose of writing this piece is to create awareness about the APR and to introduce the #dunk as the investment tool. So that more and more people would start buying the coins and there would be good demand for the #dunk coins.
Today, I received a big payout from #dunk. My previous post on richlist earned me close to 900 dunk. I guess this is one of the highest earning post on #dunk. I received almost 486 liquid dunk in the account. But when I go to sell it on the hive-engine the sellers are selling the #dunk at 0.004 hive but buyers want to have it at 0.001, which is just one fourth of what sellers are looking to sell. This is a wide spread. Liquidity providers would have a really good opportunity to make some good money.
I don't believe that I'm allowed to formally support that idea as the founder of the token, but as we are a web 3.0 community, you have the full right to make any purchases and transactions you would like to!
Welcome to the community friend!
I agree with you brother.
I think if dunk followed the Leofinance and POB tribes like how they improved their layout if the website and token distribution etc. It will surely succeed.
Lets see what can we get from this tribe.
Dunk is the future of monetized interactive sports media. Stack now, good things to come.
I appreciate with you brother ❤️❤️❤️