CEFS - CryptopiaFeeShares - Do the math

[felipekehl]

This token looks an amazing investment right now

Look at BNB and KCS tokens, they exploded the last few days.

BNB token:
$2 billiion marketcap
doesn't give you any money, just discount.
Exchange has $5.5 billion daily trading volume

KCS token:
$1,7 billion marketcap
Earns about 0.5% monthy based on current prices. ->>> https://kucoinshares.com/ ->>> 100 kcs gives you about $0.2424 daily and costs you $1848. Do the math, $7.272 monthly, 0.4% in a month, lets say 0.5%.
Exchange has $240 million daily trading volume

CEFS token:
$60 million marketcap (absolutely low compared to any other exchange token)
Exchange has $200 million daily trading volume
Earns about 1.5% monthly based on current prices. (3x more than with KCS) ->>> https://www.cryptopia.co.nz/Forum/Thread/2487
There are only 6300 coins (4.5% of gross income from trading fees distributed to the holders).
They charge 0.2% on both sides, the buyer and seller, wich is 0.4% volume
$200 million daily x 30 days x 0.4% x 4.5% = $1 million dollars distributed to holders.
About $171 dollars per CEFS, wich gives us about 1.5% monthly based on current prices.

So, returns are 3 times higher holding CEFS token than holding KCS.
This could be much bigger if Cryptopia keeps expanding.
Think in $1 billion daily trading volume.
->>> $850 monthly
So, CEFS are extremely undervaluated.
Price should be $30k at least now.
With $1 billion trading volume, price should get close to $100k
Also they just listed the token on coinmarketcap, but the token exists for almost one year and no one talks about.

Exchange is growing exponentialy, 100k new users every day, so many coins listed. twitter has 128k followers, look at their letter:
"By the 1st of December we hit 500,000 users. On the 31st of December we hit 1,000,000 users. By the 3rd of January we hit 1,100,000 users. By the 4th of January even with registrations disabled for 3 hours, we hit 1,200,000 users. With registrations paused again we're now sitting at 1,400,000 users. We've gone from just 2 people to over 50 people including contractors and consultants and we're looking to at the very least double that as soon as we can, but that also brings with it its own set of hurdles."

[1713506045]

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[1713506045]

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[AlexCB]

Except that I invested on January 10th and it started dropping. It hasn't stopped dropping since then. Idk if I should sell and I'm also scared about holding in case it completely crashes all the way. It dropped 50% so far and probably will drop even more.

Rip everything I owned.

[AryaStark991]

Do you have to buy 1 CEFS or is it possible to buy a fraction? like 0.1 0.5 etc

[AryaStark991]

Do you have to buy 1 CEFS or is it possible to buy a fraction? like 0.1 0.5 etc

https://www.cryptopia.co.nz/Forum/Thread/2487

No need to buy a whole CEFS to get the bonus, same proportion of bonus will send to your account.

Ok.
Do you need to store it on cryptopia as well to receive the "dividend" ?

[Maet1212]

This token looks an amazing investment right now

Look at BNB and KCS tokens, they exploded the last few days.

BNB token:
$2 billiion marketcap
doesn't give you any money, just discount.
Exchange has $5.5 billion daily trading volume

KCS token:
$1,7 billion marketcap
Earns about 0.5% monthy based on current prices. ->>> https://kucoinshares.com/ ->>> 100 kcs gives you about $0.2424 daily and costs you $1848. Do the math, $7.272 monthly, 0.4% in a month, lets say 0.5%.
Exchange has $240 million daily trading volume

CEFS token:
$60 million marketcap (absolutely low compared to any other exchange token)
Exchange has $200 million daily trading volume
Earns about 1.5% monthly based on current prices. (3x more than with KCS) ->>> https://www.cryptopia.co.nz/Forum/Thread/2487
There are only 6300 coins (4.5% of gross income from trading fees distributed to the holders).
They charge 0.2% on both sides, the buyer and seller, wich is 0.4% volume
$200 million daily x 30 days x 0.4% x 4.5% = $1 million dollars distributed to holders.
About $171 dollars per CEFS, wich gives us about 1.5% monthly based on current prices.

So, returns are 3 times higher holding CEFS token than holding KCS.
This could be much bigger if Cryptopia keeps expanding.
Think in $1 billion daily trading volume.
->>> $850 monthly
So, CEFS are extremely undervaluated.
Price should be $30k at least now.
With $1 billion trading volume, price should get close to $100k
Also they just listed the token on coinmarketcap, but the token exists for almost one year and no one talks about.

Exchange is growing exponentialy, 100k new users every day, so many coins listed. twitter has 128k followers, look at their letter:
"By the 1st of December we hit 500,000 users. On the 31st of December we hit 1,000,000 users. By the 3rd of January we hit 1,100,000 users. By the 4th of January even with registrations disabled for 3 hours, we hit 1,200,000 users. With registrations paused again we're now sitting at 1,400,000 users. We've gone from just 2 people to over 50 people including contractors and consultants and we're looking to at the very least double that as soon as we can, but that also brings with it its own set of hurdles."

Where do you see $200 million daily? I only see ~6500 BTC today, which is 65 million, 130 million tops if you use the USD value from the other day.

[madmaxmen]

This token looks like a sell right now.  

According to Coin Market Cap at the time of this writing, the 24-hour volume of the Cryptopia exchange is about 65 million USD, up from yesterdays 55 million USD, which is almost 1/4 of the quoted daily exchange volume in the original post in this thread.  

The surge in new users to the Cryptopia exchange was largely due to a number of major exchanges not accepting new members or not allowing new members to deposit funds.  For example, Bittrex which has LTC trading and lists many smaller market cap coins has been closed to new members since 15 December 2017 and is still closed to new members.  As these exchanges fix their issues and open to new users the demand for Cryptopia services will be reduced and there may be an exudes of users to other exchanges at least until LTC trading opens.  Given that there has been no announcement by Cryptopia as to when LTC trading will open it is unlikely that it will return in the short term and/or before other exchanges open to new users.  

While Cryptopia does have a large number of listings, they do not support trade in a number of popular and high market cap assets such as XRP and a number of ERC20 assets such as EOS, IOTA, BAT, exc. adding to a negative outlook.  This is especially true given that Coinbase Custody has publicly announced intentions to add ERC20 tokens (see their Features page) which may be seen as an early indicator of adoption of these assets by GDAX and Coinbase.  

There is a very limited amount of information on the number of Cryptopia users and the only information appears to be contained in the "Letter from the Founders" available on the Cryptopia news page which provides extremely bullish figures that most likely do not accurately reflect the current and future demand reality.  

Cryptopia has not provided any information regarding the terms of CEFS such as whether the 4.5 gross earnings figure may change which could have a significant negative impact on the token price.  

Trade volume of CEFS is also very low and appears to have shallow demand which could result in a sharp drop in price in the event of even a small sell off.  

Given the undervalue of many coins and tokens right now, investment in CEFS would not be recommended.  LTC for example may be seen as a better investment given the coin is currently trading at around the equivalent of 210 USD (down from 30 day high of 307 USD) with market cap and trade volume artificially depressed due to major exchanges that allow trade in LTC closed to new users and exchanges such as Cryptopia which have closed LTC trading due to volume.

[Stuck on blockchain]

This token looks like a sell right now.  

According to Coin Market Cap at the time of this writing, the 24-hour volume of the Cryptopia exchange is about 65 million USD, up from yesterdays 55 million USD, which is almost 1/4 of the quoted daily exchange volume in the original post in this thread.  

The surge in new users to the Cryptopia exchange was largely due to a number of major exchanges not accepting new members or not allowing new members to deposit funds.  For example, Bittrex which has LTC trading and lists many smaller market cap coins has been closed to new members since 15 December 2017 and is still closed to new members.  As these exchanges fix their issues and open to new users the demand for Cryptopia services will be reduced and there may be an exudes of users to other exchanges at least until LTC trading opens.  Given that there has been no announcement by Cryptopia as to when LTC trading will open it is unlikely that it will return in the short term and/or before other exchanges open to new users.  

While Cryptopia does have a large number of listings, they do not support trade in a number of popular and high market cap assets such as XRP and a number of ERC20 assets such as EOS, IOTA, BAT, exc. adding to a negative outlook.  This is especially true given that Coinbase Custody has publicly announced intentions to add ERC20 tokens (see their Features page) which may be seen as an early indicator of adoption of these assets by GDAX and Coinbase.  

There is a very limited amount of information on the number of Cryptopia users and the only information appears to be contained in the "Letter from the Founders" available on the Cryptopia news page which provides extremely bullish figures that most likely do not accurately reflect the current and future demand reality.  

Cryptopia has not provided any information regarding the terms of CEFS such as whether the 4.5 gross earnings figure may change which could have a significant negative impact on the token price.  

Trade volume of CEFS is also very low and appears to have shallow demand which could result in a sharp drop in price in the event of even a small sell off.  

Given the undervalue of many coins and tokens right now, investment in CEFS would not be recommended.  LTC for example may be seen as a better investment given the coin is currently trading at around the equivalent of 210 USD (down from 30 day high of 307 USD) with market cap and trade volume artificially depressed due to major exchanges that allow trade in LTC closed to new users and exchanges such as Cryptopia which have closed LTC trading due to volume.

LoL what are you suggesting? to buy LTC??? which may double its marketcap within two month instead of buying this tolken which may triple in value as we get close to Jan 31th pay off! BTW you actually look at cryptopia volume in trade on coinmaketcap ATM 63M as kucoin got 150Million trade volume and similar in token fonctions. Kucoins shares marketcap is currently a billion and CEFS around 50million. It is a pity that Cryptopia does not communicate about the coin futur, it may replace LTC as a trade reference. So please go spread your FUD somewhere else.

[madmaxmen]

No what I'm saying is it looks like a sell to me and I wouldn't invest in CEFS.  The mention of LTC was only to illustrate one of the many assets that has greater mid/long term potential over CEFS.  

You mention that this token could triple in value as January 31st approaches because this is the date that Cryptopia will take 4.5% of its gross fees collected from the previous month, for each of the base markets, and distribute that portion of the fees among all CEFS holders.  If this is the case then it would be logical to assume at after Cryoptopia releases the funds to token holders there would be a massive sell off as investors that purchased only to hold until the end of the month to receive the payout sell their shares.  If this happens then there is a possibility the token could go down at least to the buy order resistance point which is currently at 0.3 BTC.  

I also don't think the investment return will appear on the last day of the month, and could be up to several days later, because you can't calculate total received fees for the last day of the month until the days actually over.  

There is also the question of what currency the investment return will be distributed in. Distribution in the New Zealand dollar would likely be perceived negatively by investors and would make conversion to your native currency more difficult and costly.  

There is no available information to support your statement that "it may replace LTC as a trade reference" and cannot be a base exchange because of the share issue limit.  I'm not sure how Cryptopia could communicate about the future price of the asset, but they could communicate additional information regarding CEFS terms, exchange performance, and news or a timeline on when key services will be resumed.  The fact that the only information out of Cryptopia on number of traders registered with the exchange was made only Jan 6th when new users were at an all time high is a red flag. 

I am not exaggerating when I say this, and if I'm wrong someone please correct me, but the only available information regarding this token is literally four sentences on the Cryptopia's news page.  That is a scary little amount of information.  

[william8829]

This token looks an amazing investment right now

Look at BNB and KCS tokens, they exploded the last few days.

I do not believe Cryptopia compares to Kucoin and especially not to Binance.

Binance is the exchange.  It is the lambo in this race.  There CEO is a wunderkind.  Transparent and when they say they intend to have the best customer service I actually believe them.  They truly are an international exchange having numerous locations globally.  This last point is important.  A one country ban or a European Union ban would effect most exchanges dramatically(Cryptopia based in New Zealand).  Binance would still be operational.

I am not saying Cryptopia will not turn into something special but it wasn't too long ago that they almost shut down.

[sister1001]

Except that I invested on January 10th and it started dropping. It hasn't stopped dropping since then. Idk if I should sell and I'm also scared about holding in case it completely crashes all the way. It dropped 50% so far and probably will drop even more.

Rip everything I owned.

Be patient, just HODL and WAIT ... I like cryptopia exchange a lot and I have faith in both of its owners too. This is the only way to be kind of like becoming shareholders although we cant really buy Cryptopia shares anymore. Especially I am in Taiwan and the real shareholders seems to only limited to citizens of New Zealand.

We will get divident every month and I will reinvest into CEFS again. I am quite confident that Cryptopia will grow exponentially in terms of transaction volume and revenue because it has beginning to gain quite some popularity in Eastern countries recently.

Be patient hold and wait. That is a recipe for disaster. Just avoid sleeping with dead bodies, call it a day and assume that you will have to recover from your losses with some other investment.

[Dutchyyy]

Thank you! I missed the introduction of CryptopiaFeeShares and now I'm adding it to my portfolio.
They are much better in absolute value than BNB and Kucoin tokens!

[Will.Smith]

There was announcement about Huobi pro launch their own token "HT" for the same puprose like BNB or Kucoin shares. I can't wait it. 

[Numeroy]

When are they paying the dividend is it at the last day of each month at midnight? If we hold them at this time but sell them after does it gives us the dividend anyway?

[slaman29]

I see some talk now about a different kind of speculating, buying tokens like this to get bargains when they're being dumped after people collect dividends, and then selling them just before the next dividend round. Apparently as more tokens like this come out, it seems to be making a lot of money for speculators. Seems too much trouble for me, though, but I suppose if you had a lot of money you could turn out pretty solid profits. Or you could just end up getting trapped if you're not experienced.

[Numeroy]

I see some talk now about a different kind of speculating, buying tokens like this to get bargains when they're being dumped after people collect dividends, and then selling them just before the next dividend round. Apparently as more tokens like this come out, it seems to be making a lot of money for speculators. Seems too much trouble for me, though, but I suppose if you had a lot of money you could turn out pretty solid profits. Or you could just end up getting trapped if you're not experienced.

Yeah, if you can guess the right volume per month, the right time to dump (probably just after the time the dividend are distributed) and enter at the right moment the next month, there is probably a great opportunity. Or you can hold and have a 'steady' passive income. Right now there is Cryptopia, Binance, Kucoin and COSS that does this kind of dividend system. I think CEFS is the most undervalued and profitable coin now of all four, but I could be wrong.

[leonmadness]

how much did you get?

[thesplashy]

how much did you get?

you can use this site to calculate your approximate dividends
https://www.cryptopiashares.com/

you say that after 1 CEFS you got 1k+$/month ?

Per Coin : $3,056.75
CryptopiaShares.com Fee Earnings Report:
Today:       $1.1816

[sillyrichard]

I own roughly .90 CEFS and i got approximately $57 for January.

[thesplashy]

I own roughly .90 CEFS and i got approximately $57 for January.

yea. thats what you get for real.. I dont know what that calculator calculates..

[pircklr1]

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?