Hey guys
I am a new investor, the price has dropped since I invested and I am looking to DCA some more. I am currently running fractional nodes via the POKT pool and am not bothered about short term price movements as I know the high APY and strength of POKT usecase will always shine through long term.
It actually sounds ridiculous proposing such a huge change so quickly, of course the apy should drop gradually to incentivise new buyers and node runners.
The market has taken a huge down trend. you cannot blame tokenomics that have seemed to work until BTC takes a nose dive.
When you factor in bullish announcements, massive uptrend, VC backing and early investors OF COURSE you will get a sell off with a major CEX listing like huobi as it give long term investors an easy place to take profits.
With the high APY (and some more marketing), CEX listing , VC backing and constant adoption onto different blockchains you will continue to attract new investors running nodes and holding POKT.
But please do know the high APY attracts investors in these market conditions too as everyone will be looking for a stable passive income in an amazing Web3 protocol that is not a ponzi.
As a new investor I fully agree to lower the APY…but please do it gradually otherwise it really looks like you are using bullish announcements and CEX listing to use new investors as exit liquidity rather than added long term investors to continue to help build POKT.
Myself and several others have only heard about POKT and invested and will continue to invest. Bitcoin halvening works but certainly not Tenthening.
If the tokenomics and adoption have been well thought out there will be no need to have such a harsh change to rewards so suddenly.
A gradual deflationary mechanism should be added and I would love to see some long term holders share their ideas on this.
I ran fractional nodes the day I bought, I am sure that shows I am here for the long term.
Looking forward to growing with everyone at POKT.