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Axion

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13567…15

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    #62
    Grumpypants
    Registered Users Posts: 7,753 ✭✭✭Grumpypants


    Tango One wrote: »
    Can you unstake at any time whelo?

    I think you can but for a heafty penalty fee.


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    #63
    Whelo79
    Registered Users Posts: 2,649 ✭✭✭Whelo79


    Tango One wrote: »
    Can you unstake at any time whelo?

    Technically yes, but as Grumpypants said there are big penalties.

    Some people staked on day 1 and ended their stake on day one and forfeited 100% of their stake!

    The forfeit works on a percentage basis I guess. If you stake for 300 days and end the stake after 150 you forfeit 50%. I am not 100% sure if that is exactly how it works as I don't intend on ending any stakes early.


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    #64
    Dohnjoe
    Registered Users Posts: 17,783 ✭✭✭✭Dohnjoe


    Whelo79 wrote: »
    Technically yes, but as Grumpypants said there are big penalties.

    Some people staked on day 1 and ended their stake on day one and forfeited 100% of their stake!

    The forfeit works on a percentage basis I guess. If you stake for 300 days and end the stake after 150 you forfeit 50%. I am not 100% sure if that is exactly how it works as I don't intend on ending any stakes early.

    If there is an insane bull run people might be tempted, that's because the value can fall a significant amount after (e.g. -95% in 2018)


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    #65
    Tango One
    Registered Users Posts: 787 ✭✭✭Tango One


    I staked for 14 days just to see how it works


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    #66
    KilOit
    Registered Users Posts: 2,984 ✭✭✭KilOit


    Fees are crazy to stake, was quoted 12$


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    #67
    Tango One
    Registered Users Posts: 787 ✭✭✭Tango One


    KilOit wrote: »
    Fees are crazy to stake, was quoted 12$

    I was charged $3 this morning,


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    #68
    Pdoghue
    Registered Users Posts: 761 ✭✭✭Pdoghue


    I'm trying to stake now, trying to charge me $175 for the slowest processing time. Ph**k that.


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    #69
    Dohnjoe
    Registered Users Posts: 17,783 ✭✭✭✭Dohnjoe


    Pdoghue wrote: »
    I'm trying to stake now, trying to charge me $175 for the slowest processing time. Ph**k that.

    Nah there's something up with that, that isn't correct


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    #70
    dougal0691
    Registered Users Posts: 92 ✭✭dougal0691


    Pdoghue wrote: »
    I'm trying to stake now, trying to charge me $175 for the slowest processing time. Ph**k that.

    from the axion telegram group a few days ago.

    "Many announcements to come out today and over the weekend, but just a quick one regarding the MetaMask error in which it showcases a gas fee in the hundred(s) of dollars- of which some people are receiving error messages for.

    That's not a normal transaction cost, and you shouldn't try to process it.

    Several users are reporting this MetaMask issue being fixed from basic troubleshooting tips: clearing your cache, re-loading your browser, and re-logging into MetaMask.

    Trying again at a later time is helpful, too. There is still over 13 hours in the day to make your transactions. Time left for the day can be found in the Auction portal."


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    #71
    Grumpypants
    Registered Users Posts: 7,753 ✭✭✭Grumpypants


    It is a bit much. Pay to move ETH to wallet. Pay to buy HEX2T, pay to burn it, pay to receive Axn. They screw up.
    Pay to burn Hex3t, pay to get AXN again.

    Pay to stake. If you want to stake for 1,2,3,4,5 years that is 5 separate payments.

    I'll be broke by the time it invests.


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    #72
    rapul
    Registered Users Posts: 1,038 ✭✭✭rapul


    That's madness


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    #73
    Whelo79
    Registered Users Posts: 2,649 ✭✭✭Whelo79


    Grumpypants wrote: »
    It is a bit much. Pay to move ETH to wallet. Pay to buy HEX2T, pay to burn it, pay to receive Axn. They screw up.
    Pay to burn Hex3t, pay to get AXN again.

    Pay to stake. If you want to stake for 1,2,3,4,5 years that is 5 separate payments.

    I'll be broke by the time it invests.

    That's not Axions fault, that's how the ETH network works. You have to pay gas making any trades, swaps, moving between wallets etc.

    Gas prices on Uniswap have been mad at times over the last few weeks. Each of my stakes cost me a minimum of $9 each the other day. In saying that, my interest has earned me $17 dollars already (3 days) at current AXN price.


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    #74
    Whelo79
    Registered Users Posts: 2,649 ✭✭✭Whelo79


    A nice little stats website on Axion here to keep track of any change in growth. Some amount of staking taking place so far.

    https://axionstats.info


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    #75
    Whelo79
    Registered Users Posts: 2,649 ✭✭✭Whelo79


    Here's a nice overview on Axion from just before the initial failed launch to now, and everything that took place in between. It's a nice little read.

    https://techloot.co.uk/axion-strong-relaunch/


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    #76
    Whelo79
    Registered Users Posts: 2,649 ✭✭✭Whelo79


    Axion getting ready for Fridays big auction hopefully.

    Up 33% on the last 24 hours

    https://www.dextools.io/app/uniswap/pair-explorer/0x0d0f908ad29bd8a9f8d99533e3ad69e2e40f3094


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    #77
    Whelo79
    Registered Users Posts: 2,649 ✭✭✭Whelo79


    Whelo79 wrote: »
    Axion getting ready for Fridays big auction hopefully.

    Up 33% on the last 24 hours

    https://www.dextools.io/app/uniswap/pair-explorer/0x0d0f908ad29bd8a9f8d99533e3ad69e2e40f3094

    72% now, and we are still around another 25% away from the ATH in presale.

    Fingers crossed that Friday sees a mega pump.


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    #78
    KilOit
    Registered Users Posts: 2,984 ✭✭✭KilOit


    keeps going up and up, itching to sell


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    #79
    Whelo79
    Registered Users Posts: 2,649 ✭✭✭Whelo79


    KilOit wrote: »
    keeps going up and up, itching to sell

    You should be staking. Even short term across these first few big weekly auctions. There will be some nice interest to earn.

    Alternatively you could risk selling during Fridays big auction and bet on the price dropping off over Saturday to Wednesday before the next weekly auction. It's a risk. Plenty of ways to play this, but for me I'm staking everything. I have 60% on long term stakes and 40% on a short term 12 day stake.


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    #80
    Whelo79
    Registered Users Posts: 2,649 ✭✭✭Whelo79


    .0005 now. 102% up in 24 hours. I really hope some of you got in on this. Mad to think it briefly dropped to .00015 immediately after the mainnet launched 6 days ago.

    This still has A LONG way to run. I conservatively see .005 in the first half of 2021, with .01 not being out of the question.


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    #81
    KilOit
    Registered Users Posts: 2,984 ✭✭✭KilOit


    Whelo79 wrote: »
    You should be staking. Even short term across these first few big weekly auctions. There will be some nice interest to earn.

    Alternatively you could risk selling during Fridays big auction and bet on the price dropping off over Saturday to Wednesday before the next weekly auction. It's a risk. Plenty of ways to play this, but for me I'm staking everything. I have 60% on long term stakes and 40% on a short term 12 day stake.
    Raging I didn't sell. Was at. 00042when I post then it dropped to. 00035. Would of made a lot more than staking it.
    I'll flip it later if it really pops


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    #82
    Tango One
    Registered Users Posts: 787 ✭✭✭Tango One


    It's up to 0.000529 still flying


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    #83
    KilOit
    Registered Users Posts: 2,984 ✭✭✭KilOit


    At what time do they use eth to buy back? Bit confused by that part


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    #84
    Whelo79
    Registered Users Posts: 2,649 ✭✭✭Whelo79


    KilOit wrote: »
    At what time do they use eth to buy back? Bit confused by that part

    It's automatically bought by the smart contract the moment someone commits ETH to the auction.


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    #85
    dougal0691
    Registered Users Posts: 92 ✭✭dougal0691


    Whelo79 wrote: »
    It's automatically bought by the smart contract the moment someone commits ETH to the auction.

    when will the hex that was converted to axion be unlocked. Will there not be a massive sell off then if the price is high?


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    #86
    KilOit
    Registered Users Posts: 2,984 ✭✭✭KilOit


    X5 my stack now. If I wasn't in work I'd sell. Hope it holds till I get home. People should take profit with this at this price, in my experience it always retraces no matter what it is


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    #87
    Whelo79
    Registered Users Posts: 2,649 ✭✭✭Whelo79


    dougal0691 wrote: »
    when will the hex that was converted to axion be unlocked. Will there not be a massive sell off then if the price is high?

    HEX freeclaims are automatically staked for 12 months. There will be no big sell off there.


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    #88
    Whelo79
    Registered Users Posts: 2,649 ✭✭✭Whelo79


    KilOit wrote: »
    X5 my stack now. If I wasn't in work I'd sell. Hope it holds till I get home. People should take profit with this at this price, in my experience it always retraces no matter what it is

    Definitely sell if you are happy with what you have made, BUT the first weekly auction happens tomorrow.

    There is over 14Bn Axion in the auction and 80% of all ETH used in the auction instantly purchases AXN from Uniswap. There should be HUGE buy pressure tomorrow. We could be looking at anywhere from a x2 to x5 depending on how many take part in the auction. It's the first one, so who knows how it will go.


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    #89
    KilOit
    Registered Users Posts: 2,984 ✭✭✭KilOit


    Whelo79 wrote: »
    Definitely sell if you are happy with what you have made, BUT the first weekly auction happens tomorrow.

    There is over 14Bn Axion in the auction and 80% of all ETH used in the auction instantly purchases AXN from Uniswap. There should be HUGE buy pressure tomorrow. We could be looking at anywhere from a x2 to x5 depending on how many take part in the auction. It's the first one, so who knows how it will go.
    It's all great but I'll take it with a pinch of salt. Not left bag holding like 2017 again. Raiblocks went up crazy as well and look at it now, had the same with ant shares, x150 and now look at it. Always be sniping at profits. I'd rather lock in profits going forward than wishing for moon.


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    #90
    Grumpypants
    Registered Users Posts: 7,753 ✭✭✭Grumpypants


    I've 1/3 in for a year, 1/3 for a month and 1/3 ready to sell. If it does go up I might try recoup the initial investment then hold the rest.


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    #91
    Whelo79
    Registered Users Posts: 2,649 ✭✭✭Whelo79


    Grumpypants wrote: »
    I've 1/3 in for a year, 1/3 for a month and 1/3 ready to sell. If it does go up I might try recoup the initial investment then hold the rest.

    Ive staked 25m for 12 days to cover across the first two auctions and see what type of returns I get out of that. The rest of my holdings are across 1-3 year stakes and one stake of 2.5m over the maximum 5555 days as a long shot gamble for a retirement fund :D


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