Let's analyse the new dividends in depth

Okay. So we all know and understand that the @brofund has been giving out dividends since we began. Most of what you would receive was pegged to hive. This has changed a little because I wanted to create less work for myself and have things running automatically. So instead of me liquidising my coins and pulling them out to the main wallet, I now send all of you raw coinage.

I'd like to pick this apart a little more in depth. We will take @chronocrypto as an example because he is the largest holder in our fund, and I think he wouldn't mind too much if we take apart his earnings piece by piece.

Here is a snippet of what @chronocrypto earned two days ago when the large portion of rewards were sent in Hive. There were other hive engine tokens, but really not very much at all. I think all of you can attest to that.

As you can see above, he earned a grand total of 17.966 Hive in daily rewards from Brofund. He owns a grand total of 6,200 Bro. This means that for every BRO held, it would generate 0.0029 (rounded) Hive in daily rewards.

Now let's take a look at the new rewards system. Here are his takings today. It may also be worth noting that these will vary due to the taxes on dCity at the time and also the Leo miner payouts. But his daily stash of coins went something like this today:

At current time, 00:45 GMT, the hive equivalent values for these coins are such if he were to cash them out and exchange them for hive:

Archon: 0.5421 Hive SIM: 11.41907 Hive Bee: 0.96973 Hive STEM: 0.3553 Hive Weed: 0.80329 Hive LEO: 10.0387 Hive PAL: 0.16876 Hive NEOXAG: 0.224 Hive

If we add those values up altogether then we come to a rounded price of: 24.50 Hive.

Our good friend @chronocrypto just boosted his daily income by around 6 hive. Nice :)

That means today, for your each BRO, you will get: 0.00395 Hive in daily backhanders. Nice! And passive too.

Now let's take a look at our holdings. Because people have been complaining about the price being too high. I'd like to delve a bit more into the numbers and what you're getting for your Hive.

Here is an example of our holdings in the Hive equivalent:

Leo: 63,922 Hive Leom: 61,676 Hive Workerbee: 16,220 Hive ARCHONM: 13,200 Hive SPI: 11,773 Hive DEGEN: 8,413 Hive DHEDGE: 8,146 Hive STEMM: 5,063 Hive PAL: 5,035 Hive NEOXAG: 4,768 Hive WEEDMM: 4,179 Hive WEED: 3,709 Hive Other HE coins: 9,205 Hive Hive Power: 32,386 Hive

Offchain: 97,467 Hive Blurt: 17,803 Hive

This brings our total holdings price to a grand total (in Hive) of 357,930 Hive.

Okay, so right now there are: 74,701 BRO in existence. 16,732 are in my wallet for future use, and 6,845 are on the market. This means that 51,124 have been spent and are in my lovely coin holders wallets. So that gives us an actual price of each coin of: 7 Hive!!

Jesus. You guys are getting these coins at a steal. Not only are you getting 2 Hive knocked off the price, but you are also minting: 0.00395 Hive daily when you buy them.

So when you say that BRO is too expensive, think of what the price will be like when there are no more in existence and our growth goes crazy?

Peace out Bros!

Posted Using LeoFinance ^Beta