Expected Value mining and expected value arbitrage is an interesting area that not everybody might be comfortable getting into if they aren't 100% on the math. Today I would like to walk you through the interesting effect on the @ufmlotto that the recent changing of prices has had.
@ufmlotto runs a token churn game that is really quite a bit of fun. The first layer is the instant prizes that are possible to win. Last night, the Fund blew off some of its liquid UFM in the lottery:
Beyond the instant-win possibilities,there are instant-JackPots for each token, and a daily draw. One of the reasons that it is important to pay attention to the market price, is that it may become relatively cheaper in one token or another.
Currently 900 EPC and 0.1 SteemP are about the same price, but 4 UFM has dropped to about half that!
At the current market prices, buying at 0.012 can lend a 50% discount! While buying off the shelf at 0.017 would still lead to a 32% discount to buying in with STEEMp!
Instant-JackPots are only accessible by the same token, so if you want the SteemP jack, you will have to play with steemp.
All the Insta-jackpots seem pretty swollen right now, good luck to all players!
This is not advice, it is HISTORY. Do your own Homework.
Posted via Steemleo
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