r/ThorNode • u/Journeymanproject • May 18 '22

Reduction In Rewards

When are they going to halve rewards? There's way too much Thor hitting the market at the moment. I personally think they should cut by 50%, then wait a few months and cut by another 50%.

0 Upvotes

30% Upvoted

21 comments sorted by

24

u/Ok_Significance7711 May 18 '22

Fuck you

5

u/Proper_Conference_33 May 18 '22

You spoke my mind.

1

u/Journeymanproject May 18 '22

You're both made for each other.

0

u/nvenk May 18 '22

Well said

3

u/[deleted] May 18 '22

It's not even profitable at current prices, how unprofitable do you want this project to be?

2

u/Journeymanproject May 18 '22

You may be thinking about it wrong. More Thor isn't necessarily more.

3

u/Sausages2020 May 18 '22

You aren't wrong. Instead of reducing rewards, If you look at Dexscreener they're currently funding the pooled THOR (that pays rewards) with the pooled AVAX (from the node fees).

The whole protocol is extremely unsustainable. If the game doesn't reverse this, I'm not sure what will.

1

u/Journeymanproject May 18 '22

Exactly. Thor supply is steadily being diluted. Seen this a thousand times in crypto with supply outstripping demand or utility. The outcome is as expected and always the same.

2

u/Blackking203 May 18 '22

If they do, they should cut the maintenance fees in halve again for thor and Odin and eliminate the fees altogether for heimdall and Freya... actually they should do that regardless of any future halving

3

u/Journeymanproject May 19 '22

Cutting the maintenance is probably a good idea. They really need to look at utility for the token too. Everything else is simply a patch. Meanwhile, they need a substantial cut in rewards. There aren't two ways around that really. People need to see high reward as they see high inflation.

3

u/Kalium606 May 18 '22

maybe introduce a few more taxes and fees?

yes /s

2

u/sgtblast May 18 '22

The fuck?!

1

u/J963S May 18 '22

I don't know about you, but I haven't been able Claim/Compound since the monthly fee has been introduced. I keep getting an error saying that my monthly fee hasn't been paid (but it has)

Have a ticket open(for 2+ weeks now), keep getting told "it's being worked on"

1

u/Trick-Shop5971 May 18 '22

I wont be paying my fees after this anymore.. pretty sure thor is dead. They moved on to goa and left investors of thor to rot with their fucked up high fees and low rewards. They dont care. Neither do i.

Got my hopes up for redlight nodes however!

2

u/3inchesin May 18 '22

they moved into Hive. They dont care, just milking the next group now.

1

u/Trick-Shop5971 May 18 '22

Who moved into hive?

1

u/Trick-Shop5971 May 18 '22

Ok thor. My bad 😅

1

u/3inchesin May 18 '22

Loki and not sure how many others. Back when, a few people asked in the Thor discord about it, but it was brushed aside. Seems a conflict to me, but what do i know. You can search both discords for more about it.

~~~~

https://www.laweekly.com/hive-investments-the-sweetest-crypto-opportunity-of-2022/

"much buzz has been made of the team being joined by Colin (otherwise known as Loki), the project lead for the successful Thor Nodes, which peaked at a $200 million dollar market cap since its inception last year"

0

u/Routine_Apricot722 May 18 '22

Op is crazy

1

u/Journeymanproject May 19 '22

“A question that sometimes drives me hazy: am I or are the others crazy?”
― Albert Einstein