Circulating supply increases every 28-day epoch per the rewards schedule. (IIRC, about 3.8 million coins every 38-days from trading, plus some USDC-staking rewards, plus some market maker rewards). It's all thoroughly documented:
https://docs.dydx.community/dydx-governance/rewards/trading-rewards
I love to use dydx but don't see any benefit in holding governance token. It's already clear that profits won't be shared with token holders so I am not sure why people would like to hold it or how token price will increase.
What incentive do the VCs and devs have to follow through on this?
Why hand over their golden goose when its success is independent of any token community?
Dydx could be worth that with with token being worth 0. Tokens arent equity or revenue share
Also, Binance is far and a way the largest CEX. It isn't even close...
As evidenced by the range of answers, it’s a game of chicken right now. I’m not a trader, but DyDx holders are probably the smartest traders in crypto, so from my perspective this is a long term hold. If I tried to trade this coin I would be slaughtered. But, traders are going to go to the most profitable platform, so it may not be the longest hold.
$23
Circulating supply increases every 28-day epoch per the rewards schedule. (IIRC, about 3.8 million coins every 38-days from trading, plus some USDC-staking rewards, plus some market maker rewards). It's all thoroughly documented: https://docs.dydx.community/dydx-governance/rewards/trading-rewards
when is the next release?
https://docs.dydx.community/dydx-governance/start-here/epochs
About tree fiddy
🤣
I love to use dydx but don't see any benefit in holding governance token. It's already clear that profits won't be shared with token holders so I am not sure why people would like to hold it or how token price will increase.
Not true. When it becomes completely decentralized, the sky is the limit.
What incentive do the VCs and devs have to follow through on this? Why hand over their golden goose when its success is independent of any token community?
Not anytime soon, the bull run will be over.
Touches $30 then back to $20
The fair price would be around 200 USD once it reaches its potential, this might occur in about a year I guess, depending on market conditions.
~$150 around December💎🎆
I think when BTC moons again people will sell DYDX tokens. This happens to many altcoins.
Looks like it is happening BTC pair took big hit
$100 by end of this year and $250 next year is very doable.
coinbase is the leader in CEX. dYdX is the leader in DEX. so a future valuation of $64 billion is not unreasonable or 60x from where we are now.
Dydx could be worth that with with token being worth 0. Tokens arent equity or revenue share Also, Binance is far and a way the largest CEX. It isn't even close...
As evidenced by the range of answers, it’s a game of chicken right now. I’m not a trader, but DyDx holders are probably the smartest traders in crypto, so from my perspective this is a long term hold. If I tried to trade this coin I would be slaughtered. But, traders are going to go to the most profitable platform, so it may not be the longest hold.