The fee split is noticeably reduced from previous weeks. This is likely due to a lower weekly average volume. With the sharp drop of CFT following its initial launch, any traders who bought CFT at IEO price will find trade fees more expensive until CFT returns closer to its initial $0.10 price point.
CFT had been recovering slightly over the past few days, but following the FSA, the price is trending downwards again. This pattern may occur for a few more weeks/months until an equilibrium is reached between the amount of CFT distributed in the FSA and the price/buying pressure.
The likely conclusion for the downward trend would be COSS holders selling their CFT following the FSA distribution. The CFT pair with the highest volume is CFT/COSS. This means, a good percentage of sellers are using CFT to reinvest into COSS.
FSA Value at Snapshot – $1.47
The value of the FSA per COSS was 0.0001476420798391296194340, making the value $1.47 per 10,000 COSS. 114,759,866 COSS were included in the snapshot.
At $1.47 per 10K $COSS (@ $0.085 per COSS) that’s 9% ROI. This number can fluctuate weekly, meaning ROI is a poor indicator of actual annual return on investment. For example, last week the ROI was 17%.
The average volume for the 7-day period for which this FSA was calculated was $10.0 million.
USD Value of Fee Split Allocation
|Previous Week||Current Week||Difference|
|Value per COSS||0.00024755959479817457||0.00014764207983912961||-40%|
|Value per 10K||$2.47||$1.47||-40%|
|COSS in Snapshot||113928191||114,759,866||+0.73%|
|Avg. 7 Day Vol.||11,700,000||10,000,000||-14%|
Token Value of Fee Split Allocation
|Currency||Increase Per 10K |
|Increase Per 10K |
Future Fee Split Allocation Updates
The volume is continuing to trend downwards since the snapshot. With CFT price slowly building, it will be interesting to see how the volume looks for next week’s FSA.
Daily distribution of the FSA was planned for release by the end of this week. We may see it arrive later in the month, if not this week, depending on how its implementation goes.
If there is a particular stat that you would like plotting over the course of this series. Please let me know if the comments section below.