Am I reading this right that it costs 21 BCO just to open a staking position?? That's $30! Are the rewards worth that kind of fee if you have less than 10k coins?
Yeah it is quite a hurdle. I did the math after the first day. 1 million $ traffic daily and like 5 million bco are staked. My share would have been 1000 bco (staking for a year with 100% bonus). In my calculation I needed 1 quarter of a year to get just the fee back.
So if you stake with 10k you should be fine. Furthermore you just have to hope that the volume gains track massively, then everything is possible.
this is the thing, maybe it's not worth today but it can change quite a lot if the DEX keeps growing.
This would only occur to as professional trader:
(1) Traders need cash and liquidity... to create liquidity for others.
(2) Cryptobridge is trying to attract traders in a super competitive market.
(3) So the Bitshares/Steem Dev copies the LEAST POPULAR feature from Steem = "time lock" for staking
(4) Twitter miners may be hyping BCO, but no serious trader would "time lock" their capital for 1 year. Ever.
(5) I've done about 100 trades on CryptoBridge, I'm supposed KEEP WORKING so some lazy staker gets the payouts?
Don't make assumptions for others.
A few "serious traders" have locked significant capital for 1 year because they believe in the future value of the DEX. We will be at an advantage when the 1 year period expires and the BCO is now unlocked while we still benefit from the 1 year bonus.
The masses ignored BTC but are now scrabbling today, they also had their doubts but if history prove anything is that early adopters are always rewarded. The same will happen with CryptoBridge and BCO. To each their own