Taking into account the great interest in dividend coins, I am surprised how discussion on CEFS is almost nonexisting. I think there are very few projects/coins/tokens that share this few information on what is going on. Nothing official seems to be available on CEFS, only one topic on Cryptopia about it. So many red flags yet still I love the idea if I just did not have to worry whether they pay the next dividend or not. Does anyone still hold these extremely risky things? I opened a small position just so to see what happens during the next 12 months.
Btw, the CEFS calculator says that with the current price and volume the yearly ROI is around 12 %. Can this really be the case, considering that the volume seems to be currently around 20 million USD per day?
Yes it will be 12% if Cryptopia stays at 20 million a day, but this shit exchange is going down so hard. I purchased CEFS at 4k... dividend is least of my concern at the moment.
12% annual ROI is crazy small taking into consideration we are in extremely risky crypto environment. I would expect 30% to even consider such investment. I had 25% annual in S&P500! Where are top worlds tech firms.. why want 12% at cryptopia with very unsure future? (not saying I dont trust exchange, I use them and like them, but you got the point)
I personally expect the crypto markets to have another bull run sooner or later, so once that happens, I believe there is a good chance to get your dividend value multiplied. At that moment, that 12 % could be for example 36 % of your original investment. Possibly at that moment also the value of CEFS will increase. Finally, there is a good chance that the crypto markets are still increasing in volume, so the current dividend may well increase in future. For these reasons, I have invested in projects like NEO, COSS, BCO and KCS, and own only a small piece of CEFS since there are no guarantee, the dividend will be shared also in the future.
The reason I also like market crashes is that the number of coins traded (volume in coins, not in value) increases (while the overall volume is USD probably decreases). This way dividend coins provide higher amount of those worthless coins that will gain value during the next bull run.
Finally, I personally believe that during the next five years, the value of crypto currencies will be higher than the current value at some point, while I would not be surprised if S&P500 is already near the top...