teko

My take on the 5% fees in @sportfun It took me a while to appreciate the high fees at FDF but now I get it: - The OG community has the benefit of being early. Our bags automatically make 10x or more. - If you decide to leave early, you will be taxed 5% or more (the fee dynamically increases during big sell off times). - You can cry about making 9x instead of 10x but nobody cares. You made money. Bye. - FDF already made $2.1m in transaction fees. - The fees get reinvested towards growth, referral scheme (40% revenue share), buybacks and more. - As a longterm holder I am glad that early leavers are taxed for flipping and ecosystem will grow thanks to the fees earned. - The treasure chest FDF holds and the growth momentum is already big. - Now imagine [REDACTED] and [REDACTED]. As an OG who wants to hold FDF assets for many years to come I highly appreciate this longtermistic growth design. I love paying 5% fees on my txs because I am already gazillions in profit. And the fees support the longevity of this community centric platform. I know that in the future I will get fee rebates. And I will get rev share for many people who clicked my shilling link. I am earning large yield incentives for holding players early on. I am fine with these eventually flattening out. But right now holding any portfolio of players is printing TPs = free packs = more players I can potentially sell (and pay a bit of tax from profit). All the DeFi people are like "bruh, you can´t take 5% on every transaction". But "hey - you can". Adam is right. DeFi nerds are wrong. Many top brands are successful thanks to their ability to charge. In the smart design explained above it sort of produces guaranteed growth early on. Of course we will plateau at some point when most footbal fans who are crypto natives are in. But that´s far far away. And even then its a fun PvP action. The way I see it: 1. Enter the casino with USDCs. Buy any player and you will profit if you´re still early. 2. Once you exit, give part of your profit to those who stay for the longterm. 3. Years from now footbal fans who like web3 speculation will eventually play a PvP betting game with less incentives BUT this early on there is a massive incentive to join. Right now we are seeing a healthy consolidation around $60m mcap. But I can already feel the power shifting towards another $100m+ push. And then towards $1b. Enjoy the ride. Invest responsibly. Take your initial investment out eventually (and pay your fair tax on it). Join the fun now, referral link in replies.