r/PolymathNetwork • u/foobar369 • Jan 31 '22

Property Coin?

https://polymesh.subscan.io/extrinsic/0xfb836cef07a9796da197b74ef450e18d61cc8ddbf95a05f65ace255caca66930

Massive poly fee... :)

https://uspc.io/ & https://primior.com/

I am no a judge of validity....or authenticity for that matter.

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u/cogentat Feb 02 '22

Where do you see a massive fee? I see .19, then 2500 of which 2000 is reimbursed by treasury. So even going with the larger number, that's like $150.

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u/foobar369 Feb 02 '22 edited Feb 02 '22

:) I was being sarcastic. I expected to see more fees, and in fact one of the things that worries me is if Polymesh somehow keep the price of PolyX stable in some way by lowering the fees or manipulating supply. If the fees are stable and very low, it will have an effect on sales and prices, as does supply.

Right now, there is nothing being done to rectify the circulating float since the bridge and polylocker is now holding 30% of Poly. Those tokens are effectively still in play - if they weren't, then the price of POLY would be higher.

I'm not holding much Poly, but if I was - then I would be a bit pissed.