lol a I told you one year ago, you kill the coin when you switch from PoW/PoS to Pos only. And the coins is just slowly dying.
A masternode is worth toady $500 (was $40 000 on ATH) and monthly income is $5! Lol even VPS cost more than MN income.
And please don't tell me that we have abear market now and that is a reason. Most of coins doing bad. Solaris doing so bad like most of shitcoins only.
There is many coins on the market that are doing much well then XLR even in those bear market.The monthly cost of running txbit.io is so high that the masternodes owner will not get any reward from this exchange in next two years.
Well done XLR.
RiP
Switching from PoW/PoS to PoS only does not kill a coin FFS, There are plenty of coins such as Lux (that have high profile people like McAfee), GoByte , and Bitcore all of which were around (or in GoBytes case twice as high) as Solaris ATH price and they are all lower than Solaris and they are not PoS only.
Yes Solaris price has lost most of its price but then so have pretty much every other coin out there, take the ones below for instance or are they "shitcoins" or PoS only crypto.
Solaris has lost 98% of it's ATH price. (this ATH price didn't have much volume either so is more inflated than it really should be but I've included it as it happened)
Dash has lost 94%
Neo 96%
Bitcoin Cash 96%
Zcash 98%
Bitcoin Gold 97%
DigiByte 92%
Qtum 98%
PIVX 95%
Blocknet 95%
That's just naming some of the top valued cryptos in the market I can't be bothered to do anymore but those are some of the most valuable crypto out there.
Yes at the moment a masternode owner will not get a return from the exchange in the next 2 years at the current volume amount but the exchange has only just started FFS, No exchange/business starts off with crazy high numbers right away it gets built up over time, Hell this exchange isn't even on coinmarketcap at the moment as it hasn't been trading enough days so most people wont of even heard of the exchange currently. You can't expect an exchange to have huge trading from the off, The good thing is there seems to be around 100 new accounts made every day which for a exchange not listed anywhere seems decent going. If and that's quite a big If, The exchange takes off then no one will care about the masternode returns from the masternode itself it will be the reward from the exchange that gets the return.
$1m volume a day (120 exchanges do that a day) would return over 50% a year at the current price.
$2.5m volume a day (103 exchanges doing that) would be 125% return in a year at the current price.
$10m volume a day (72 exchanges doing that) would return over 500% a year at the current price.
(number of exchanges volume above taken from coinmarketcap)(also based on 800 masternodes which there are currently less than 500 so reward would be higher)
Now don't get me wrong I'm not saying the above is going to happen but I'd rather a coin and developer who know how inflation etc works than go for a masternode project that gives a 1000% return on just the masternode reward which can't possibly work.
I do think they need to add new coins early or even for free on the exchange as a trial or something, to begin with, tho as you can get high volume from those coins pretty quickly, take Blacer Coin, for instance, the 24hr volume on that coin is $180k on 3 exchanges all of them being pretty small exchanges with cryptobridge being the largest one (with $100k volume) if you can get a few coins trading on your exchange like that then you are laughing.
