How much is it really worth?
May 30, 2022 9:30 AM
Just thought of the real world value of BBS token. Let's say you earn 100$ cashable on BBS and decide to cash out, because you really need the money.
You are greeted with 30% cash out fee (you end up with 70$), then you decide to go the "cheaper" route and use EOS Wallet. After you swap on Defibox to USDT or EOS you lose another 20% due to low liquidity (you end up with 56$). Let's say you really need the money so you want to transfer that amount to an exchange and cash out. You pay small transfer fee and sell tokens to USD. Pay another fee to withdraw money to your bank. Now this was taxable event and have to pay capital gain tax which is 15-40% depending on the country you live in. You are left with 47$ to 33$.
Conclusion - you decide to cash out from BBS, by the time you hold money in your hand it is worth roughly 2x - 3x less...
Have I missed anything? Change my mind
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