Honestly, seeing OPEN right now really grinds my gears. The team and investors’ tokens have a 12-month lockup period, unlocking only a few million each month. But what about us retail traders? @OpenLedger
Most of us can only survive on those community airdrops and labor rewards. What’s even more infuriating is that the revenue sharing model is completely skewed. The model takes the lion's share, while the staking nodes just sit there locking up their tokens and get a fixed second slice, leaving the data contributors to scramble for the crumbs. #OpenLedger
Every time I see someone excitedly say they finally earned a dozen OPEN tokens from uploading data, I just want to shake them and say, "Wake up!" Just look at the data network page and see how badly the underlying contributors are getting sliced up. Your effort is being diluted infinitely, and your true value doesn’t matter at all. But as long as you still have hope for this ecosystem, you’ll forever be chained to that assembly line, continuing to spit out data for free. $OPEN
My take is pretty straightforward: if you really expect to turn your fortunes around by working for OpenLedger, you’re completely off track. Instead of seeing yourself as a noble contributor, you’d be better off securing some liquid tokens early on, so when the next staking reward season rolls around, you can elevate yourself from the bottom-tier cheap labor class to the mid-tier earning stable dividends.
Most of us can only survive on those community airdrops and labor rewards. What’s even more infuriating is that the revenue sharing model is completely skewed. The model takes the lion's share, while the staking nodes just sit there locking up their tokens and get a fixed second slice, leaving the data contributors to scramble for the crumbs. #OpenLedger
Every time I see someone excitedly say they finally earned a dozen OPEN tokens from uploading data, I just want to shake them and say, "Wake up!" Just look at the data network page and see how badly the underlying contributors are getting sliced up. Your effort is being diluted infinitely, and your true value doesn’t matter at all. But as long as you still have hope for this ecosystem, you’ll forever be chained to that assembly line, continuing to spit out data for free. $OPEN
My take is pretty straightforward: if you really expect to turn your fortunes around by working for OpenLedger, you’re completely off track. Instead of seeing yourself as a noble contributor, you’d be better off securing some liquid tokens early on, so when the next staking reward season rolls around, you can elevate yourself from the bottom-tier cheap labor class to the mid-tier earning stable dividends.