Price almost went up to .0008 earlier today... what's causing the constant rise in price that has been going on the past few days?
They have a new program listed on xpy.io.
Which one? The ones I see are horrific.
Community staking: 90-day lock-in but "*Stake rates will match any decrease in the Prime Controller core code for the community primes."
Or the "hedger", which sounds good (can get your principal back in BTC) but has a 10%-20% fee.
I mean even if I'm a fervent believer in XPY why in the world would I chose any of those?
The community staking is also buying a vote in the XPY coin. I still don't get the whole Primary Controller things at all and would rather see blockchain voting services (see the coins in my signature -- or is that sigitature... not be gud speler)
This is my take on hedgers:
- They are bought only with BTC, so it brings BTC into the coin. So, good for the coin in that way
- They set a limit on the down side / loss in the fee charged. At the end of the hedge, your payout is either the BTC less fees paid, or the XPY + any stake it earned. So, if XPY value went up, then the value of the XPY+stake COULD be more than your original BTC investment.
So, to me hedgers are like a long/slow version of day trading with a set max loss.
But, I posted it in response to the question about what has happened recently that might be causing the coin to go up. I wasn't implying that it was a good thing or a bad thing, only a change in the environment that might be having an impact on the value of the coin.