hodlCoin

13 February 2024 01:54

"a transparent reversed ponzi scheme" would be an accurate description, but I don't like the word "ponzi" and "reversed" is vague.

If you would like something shorter than what I proposed above, then perhaps "a game where you buy a token whose price always goes up!" or even just "buy a token whose price provably always goes up!" would be a good altrnative?

hodlCoin

13 February 2024 01:46

What about "a game where the longer you hodl your ERGs, in comparison with other hodlers, the more you earn" ? If you could update it there, I would appreciate!

hodlCoin

13 February 2024 01:41

What does the dual of mean, ‘the same as’ I would’ve thought?

hodlCoin

13 February 2024 01:39

Hi @glasgowm ! This page (https://ergonaut.space/en/Guides/yield#explore-yield-generating-strategies-on-ergo) is describing hodlCoin as a transparent ponzi, but it is not. In fact, I argue in the video about hodlCoin that it is the dual of a ponzi scheme in many senses. How can we update that description?

hodlCoin

26 January 2024 17:51

Hello, hodlCoin team,

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hodlCoin

19 January 2024 05:22

so you would receive (100 * 1.0384) * 0.967 = 100.41328 ERG

hodlCoin

19 January 2024 05:19

actually this is the calculation
https://github.com/PhoenixErgo/phoenix-hodlcoin-contracts/blob/71288949172986683f36afa35fbe0e996b957d4d/hodlERG/contracts/bank_contract/v1/ergoscript/phoenix_v1_hodlerg_bank.es#L128

hodlCoin

19 January 2024 01:29

question: Does the 3.03% fee taken when you convert hodlERG to ERG come from the grand total of ERG you will have or from your original amount?

Let's say you deposited 100 ERG into the protocol at launch, giving you 100 hodlERG; and so now each of your 100 hodlERG is worth 1.0384 ERG.

If I were to redeem all my hodlERG now, would I receive 100.5 ERG, or would I receive 100.81 ERG?

hodlCoin

06 January 2024 01:19

[boostopasta] It was in regards to this that I thought a price history would be helpful. Specifically the ratio mentioned

hodlCoin

05 January 2024 16:59

[wombo22] I guess but price always goes up so it was the same or lower. Wondering what specifically your interested in from the price history

hodlCoin

05 January 2024 16:56

[wombo22] But not sure if it’s going to be the same as the games price history

hodlCoin

05 January 2024 16:55

[wombo22] O nvm you said price history

hodlCoin

05 January 2024 16:52

[boostopasta] Where can I find the price history of hodlerg?

hodlCoin

05 January 2024 16:13

[wombo22] Can treat price as your beginning into the game and you exit should be price +fee% so in this case price +3%. So it can be like a visual of how game is going for player

hodlCoin

05 January 2024 16:09

[boostopasta] I didnt understand the price bit tho. Appreciate the clarification

hodlCoin

13 February 2024 01:50

Done, bit of a mouthful tho. Had a look at the vid and it sounds like a transparent back-to-front Ponzi to me

hodlCoin

13 February 2024 01:44

"Dual of" is "the opposite of" instead of "the same as". At the end of the hodlCoin video, I have a table comparing hodlCoin with a ponzi scheme. Have a look there when you have an opportunity. If "dual of" is still unclear then, please let me know and I can clarify further.

hodlCoin

13 February 2024 01:40

Registration is open for the site, but if you paste what you want here I can copy it over.

hodlCoin

26 January 2024 18:26

[wombo22] How about within the ergo ecosystem?

hodlCoin

19 January 2024 10:37

Ah, yes, sorry. My calculation showed how much you would receive per hodlERG. If you 100 hodlERG, you will receive 100 times the amount that I calculated.

The order in which the calculation is done (i.e. first multiply by amount then take fees or first take fees then multiply) doesn't matter, since multiplication is an associative operation.

hodlCoin

19 January 2024 05:20

we first multiply by price, then take fees

hodlCoin

19 January 2024 01:57

You would receive: (1 - 0.033) * 1.0384 ERG = 1.0041328 ERG .

hodlCoin

15 January 2024 04:07

hodlComet now live! https://twitter.com/PhoenixErgo/status/1746728498557780298

hodlCoin

05 January 2024 17:00

[wombo22] Dates someone unhodled?

hodlCoin

05 January 2024 16:58

[boostopasta] Yeah. I think that's kinda an important this to have, no? On the game site, or the phx site, the price history would be helpful and transparent

hodlCoin

05 January 2024 16:56

[wombo22] Spectrum chart has it

hodlCoin

05 January 2024 16:53

[boostopasta] I don't see it on crux

hodlCoin

05 January 2024 16:44

[wombo22] Wonder how adding a timer would play out. Like 1 year so can introduce seasons to reset the price to 1. But what happens at ending?

hodlCoin

05 January 2024 16:09

[wombo22] Still game is to hopefully be last so if that is what you believe you can do, that shouldn’t matter

hodlCoin

05 January 2024 16:09

[boostopasta] Thanks. Seems like a good explanation of what the 3% fee on exit means. You need to stay in long enough to accumulate +3% or your exit is at a loss