Mark Carey 🎩🫂 pfp
Mark Carey 🎩🫂

@markcarey

Time for some math! The current high bid for Degen Dog #590 is 0.03131 ETH, which is about $100. Does this sound like a lot? The winner of the auction will earn 100 XP in the SUP rewards campaign, which is currently streaming $1,100 worth of $SUP each day. There is currently a total of 343 units (XP) in the streaming pool. If the auction was won now, the winner gets 100 units and the total units would rise to 443. The winner would then have 22.6% of the units/XP. And thus 22.6% of the $1,100 ... which equals $248 in rewards, ***in the first day alone**. Does that $100 bid still sound like a lot? And yes, the winner keeps the 100 XP until Feb 26. Subsequent auction wins by others will dilute the share of rewards, but the winner of today's auction will get a share for 50 days. I will leave the rest of the math to you.
3 replies
3 recasts
8 reactions