If I wasn't already using it I would totally join your team. Hit me a little late I guess :) It is cool that you are starting this up. I think one thing you need to remember is verified mail is worth as much as it is based on the current prices. The Listnerds you earn is automatically staked and it takes 10 weeks to power it down. As we see more people start hitting that 10 week mark, you might see the price of LN in terms of Hive go down. It could go up too, but with people selling to cover their subscription and other expenses, it will likely go down. The team has a plan right now to try and keep the price where it is, but eventually they are going to let the market take over and then it is anyone's guess what will happen.
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My guess is it will go
down
down
down.
It needs something to help it keep up. Is any of the money from the subscriptions going to feeding the ecosystem?
I am wondering what their plan is to keep the price up.
I kind of see it as a free fall in price waiting to happen and "getting in early" as being the reason you make a good return.
I am a daily email reader and play on reading emails even if the price of listnerds goes down, just wondering out loud over the tokenomics.
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I guess we are going to have to wait and see. If I can at least pay for my subscription each month I will be happy.
If the subscriptions feed the price of Listnerds than it is very sustainable to keep it at 2:1
I suspect the same. It’s just not sustainable without some other form of revenue injection. Unless the admin team is happy to maintain that floor for hundreds of thousands of Hive… Maybe though!
Well somebody is making money off the subscriptions, because only so much of it needs to go to running the system.
Indeed! As they should—people need to get paid :)
But if every verified mail currently pays out a monthly enterprise tier subscription in equivalent Hive... then it just doesn't work out long term. Floor price must drop, unless the team is willing to operate at a loss to promote the service.
Although, the whole CTP/LN network (including HivePay) may have lucrative income streams that I know nothing about. But even with a giant stash of reserves I still can't imagine the current floor is sustainable.
Maybe the plan is to hope that most people hold onto their stake and see what happens? I'll be shocked (but happy) if there's a still a 1.5 Hive floor in 10 weeks 😉
I've seen it dip a bit already.
Let's keep watching.
I am really expecting them to do something so it will be fun to watch to see what that something is.
I've had Hetty telling me about it so I know enough plus I can always hit her up if I have a problem because she is super clued into all this stuff.
As for the price of listnerds, we'll see what happens. Things like this normally do have 1 way of going but if earnings longterm can outperform the decline in the token price, it's all good? For SPI even at a small loss, it's still worth it for the extra exposure, a normal SPI post does not got 30 comments and i'll be using this the promoting SPI, LBI and EDS mostly.
Seen you were already on it, found one of your posts this afternoon and even left a comment.
Yeah, for the engagement alone, it is totally worth it. Even if your earnings only cover your monthly subscription. You definitely need to pay for one of the tiers. People do the free thing but it's so much extra work. I look forward to seeing your stuff promoted in my inbox!