Is staking 32 LYX a bad idea ?
I'm not here to hype you up or promise things that will never happen, but...
Let's suppose that :
1⃣ You become a LUKSO validator (costing around $230 at the current price).
2⃣ LUKSO becomes THE blockchain for the creative economy and grows as big as ETH currently is, but for the social economy.
(Considering the track record of Fabian Vogelsteller and his team, LUKSO's success seems highly plausible)
If LUKSO reaches a market capitalization similar to Ethereum's current value in a bear market, which is around $270 billion,
(because ETH is to the financial sector what LUKSO is to the social sector = similar market size),
And with an estimated annual percentage yield (APY) of 7.5% and an initial supply of 42 million LYX tokens, each LYX could be worth about $3,190.
➡️ So, as a validator who stakes 32 LYX, you could potentially earn around $20,250 per year.
It looks like a good bet to me 👀
This is just one of many scenarios, and it's up to you to decide if this is the opportunity you've been looking for.
Be smart, choose LUKSO.
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