RE: More Actifit Updates! Actifit.io AFIT Price Market Based Now. Free Tier AFIT Move To Exchanges. More AFIT Rewards On Signup.

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Hi @mcfarhat
currently, the actifit priority votes value is about $0.40 worth, and if I need to spend the same value of AFIT tokens then what's the point of holding so many AFITX? If I can get a similar value of an upvote by spending AFIT token then I don't see any benefits and I doubt this will contribute to a dip in afitx price because people will start selling.
this might help AFIT price to grow but this will affect negatively for AFITX and even holding will reduce. These days most of afitx holders are here to get priority upvote and if its on the market price it does not make sense.

hive-193552
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hey @reeta0119, thank you for the feedback!

I think there is some confusion about what changed. The process for AFITX holders is still the same as before. AFITX holders get a priority vote for 1 post for every voting cycle. Nothing changed on that end. Other users will need to wait for their turn in the queue so that they received their extra vote after some time.

What changed is actually the amount of AFIT being swapped. Before you were swapping smaller amounts of AFIT (5->20), now due to price being adjusted this was adjusted to (500->2000) - This is an almost exact matching of prior fixed AFIT value to approx current market value.

Which is why based on above we do not believe this should have any negative effects on AFITX pricing, while having positive effects on AFIT price as well.

We will be monitoring the dynamics in the coming few weeks and taking proper decisions accordingly.
We are happy to hear further feedback from you and discuss accordingly. We try to always improve actifit with the best vision for the project and the community, so thanks again for sharing your thoughts!

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Hi @mcfarhat

Thanks for the reply. Appreciate it.

I share more of my working on this. Earlier I used to swap 20 tokens daily in a month it is 600 approx and I have a holding of over 200$ of AFITX tokens just to get this priority upvote. Since @actifit is voting my post with not more than $0.60 vote value (mostly between $0.50-0.60 so considering a 50/50 reward I get 1 HIVE daily and since these days price is down so on higher side 1 get 1.5 HIVE max. which comes as 45 or I even take it monthly earning of 60 hives from actifit through priority upvote. this 60 is quite high with 2 hives of daily income multiple of 30 days. 600 AFIT is quite minimal and I can ignore it.

Now in the current scenario, I have done my calculation that I have to spend 60k AFIT tokens and in the current scenario and these are worth 70 hives in hive-engine. here is the HE snapshot-

image.png

Now to get an earning of 60 HIVE I need to spend AFIT tokens worth 70 HIVE and for that too I need to be on the top 25 AFIX holders that easily require a minimum of 150$ investment.

Can you please check and share your thoughts about it if I missed something. Thanks.

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hey @reeta0119,

Thanks for the detailed explanation.

Yes while I agree it definitely got costlier to reserve the spot as you highlighted, there are couple of essential things though you might have missed and that we took into consideration while proceeding:

  • First a portion of the AFIT is actually coming from posting reports, voting & delegation rewards our users earn with every post/daily. So while buying tokens might have become costlier (and AFIT price accordingly, which is positive thing though, since project investors would love to see the token price rise :) ), yet most probably you do not need to buy a good portion of the tokens, since they are being earned.
  • Second, for many users who are posting actifit reports on both hive and steem, the rewards are much higher since actifit is sending out the extra vote boost on both chains, so that adds to the value being received as extra rewards monthly by 30-50%.
  • Third, and which relates to both points above, delegation rewards actually span both chains, so earning extra AFIT occurs daily on both chains.

Essentially and in a nutshell, this whole change aims at making AFIT token circulation and demand much higher, which I believe is the target of actifit community and hence leading to further growth and adoption.
I hope those points make it clearer about our initial consideration for the change.
And as I mentioned in my earlier response, we will keep a close eye on the dynamics and profitability of this whole process for our users, as we want to ensure our users and particularly premium ones with a large AFITX holding are actually getting the best out of their actifit experience.

Please do ping me here or preferably on actifit discord to review and continue this discussion, always happy to answer your inquiries or listen to your feedback/suggestions.

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