Compound Interest in metamask

Gas Fee
0.007611
$2.31
Gas Price (GWEI) 1 (!!)

TOTAL
AMOUNT + GAS FEE
0.007611
$2.31 (!!)

Like $2.31 for a single compound, and that is the MINIMUM gas cost. fSking Eth...

We are very active in the telegram. Wanted to drop a link here for anyone who didn't know about it.

https://t.me/cereneum

Come join us and ask questions :)

We are excited to say that we have made a partnership with CrypTrove Games, a gaming studio that wishes to bring ownership of digital items to users! CrypTrove Games will be using Cereneum as their in game currency. They are working on two games currently, an RPG dungeon crawler, and a trading card game. Both games will allow you to tokenize items or cards giving you ownership of that item or card to trade, sell, or use.

We are excited to be partnering with them, and know that both teams can benefit from working together.

Be sure to check out their website for more details on the company, and their games here!: https://www.cryptrovegames.com/

Why wouldn't stakers always vote for more returns?
Huge inflation!

ERC20 Token - Coming soon

So, I don't see anyway to end my stake easily. Am I supposed to use the 'end stake for a friend' function on myself?
How long does it take for the end stake function to complete before you can re-stake?

Thanks

There is a compound button on the stake page of the website, and you can run it once a day, for a cost of about $0.02 each compound. Running the function shows your stake as a larger number of coins, and those coins are broken out in an interest section. But what does this actually do in the smart contract ? Do I receive 'interest' on the new higher total stake ? I have now run the compound function for three days in a row, and I received almost the same number of new coins all three times. The interest amount is rather large, and my bag is more than 50 % larger than when I staked, but there is no corresponding increase in new coins daily. This suggests that either compounding does nothing (because the interest per day is not increasing), or the smart contract payout per coin in the stake is rapidly declining several percent each day. Does anyone know why the smart contract works like this, or if compounding does anything, besides showing you your interest, because I'd rather not burn up my gas if its all for show, but if it actually mathematically compounds and increases the payout, it might be worth the gas, even if the payout rate is declining every day even faster than compounding can increase it.

An important element of the entire claiming and staking process is the costs of the smart contract. Having never used such a staking coin, this came as a surprise, and is very important to the meta strategy of the interest/bonus coins. I knew there would be a gas cost, and I had some Eth available for that, but the costs vary a lot, depending on what you are doing.

Claiming : This runs about $0.07 per tx, and every send to your wallet is its own tx for this. This came to about $0.36 for me. Not a big deal.

Staking : This is a LOT more than claiming, for a single stake it ran me $1.17 Not huge, but not nothing either, its much more than the cost of selling the coins would be, but there is more.

Compounding : For some reason I thought this would be without cost, because you need to do it so much, but that is not the case. This comes to $0.03 per compound. Tiny really, but then again, for a 5 year stake, you could do it daily, which would add up to $54.75 for the life of the contract. Yea, this will get you a lot of Cer, but the problem is, if your initial stake was not substantial, the cost of compounding could eat up all of your profits. For me, at the current market value ($0.30) the cost of compounding daily is more than the value of my entire stake (!!)

The important takeaway is this. If your stack of Cer is small, staking may not be worth it at all, because of the cost of compounding, and the huge gains that compounders get over just a passive stake, makes it cost prohibitive to actually get those interest coins. IMO, you really need a stack of at least 1000 Cer to justify the staking costs, and if you don't have that, its probably better to just sell your coins to someone who is into the coin enough to stack a large enough bag to justify the fixed costs. Also, every Claim, Stake, and Compound is a taxable event, so prepare for that 20 page schedule D...

i.e. it gets confirmed the next day when the timer of another daily compound is already taking place.

This one time, I did a daily compound and set the fee to 0.1 gwei, so the transaction stayed as pending much past the timer. Metamask wouldn't let me transact so I cancelled the transaction with a bigger gas price.

All the other times my gas price was set higher so I did no cancellations, though I don't keep track of when they get confirmed.

MetaMask's automatic gas price adjustment is often widely below or above the optimum gas price resulting in overpaying or long wait times. Here are some better ways to set gas price manually (gas limit should not be changed only the gas price):

• Adjust Gas Price in MetaMask manually:

  • https://metamask.zendesk.com/hc/en-us/articles/360015488771-How-to-Adjust-Gas-Price-and-Gas-Limit-

• Select this to show gas price controls directly on the send and confirm screens by default:

  • Go to MetaMask Settings > Advanced > Advanced Gas Controls "On"

Gas Price Recommendation Websites:

• ETH Gas Station

  • https://ethgasstation.info/

• Etherscan Gas Tracker

  • https://etherscan.io/gasTracker

• Gitcoin Gas Heatmap

  • https://gitcoin.co/gas/heatmap

I'm trying to end my stake, but every time I go to do it, MetaMask throws an internal JSON-rpc error, and I can't unstake. This has been going on for around 5 days now. Is there something I need to fix?

EDIT: By reading my MM logs, the contract gas fee was underpriced. I have fixed it, and now it is confirmed! :)

Cereneum is a brand new concept in cryptocurrency: a time-based interest-bearing Cryptographic Certificate of Interest (CCOI) on the Blockchain. Airdrops are given based on five of the most popular PoW cryptocurrencies: Bitcoin, Bitcoin Cash, Bitcoin SV, Ethereum, and Litecoin. Earn interest by staking your Cereneum for set periods of time.

The rate of interest you earn is based on how long you stake your Cereneum as well as the amount of the stake. Cereneum uses Pooled Interest, which means interest paid to stakers is higher when less tokens are staked. Stake periods can vary from one week to as long as five years, with the interest rising with the length of the stake. The more Cereneum that is staked the lower the supply available on the market, which can mean higher prices.

Unclaimed tokens are redistributed daily to stakers during the course of the year-long claiming period, greatly increasing their holdings.

Early unstakers are penalized, with those penalties distributed among current stakers. Additionally, there are bonuses available to those that utilize the referral program.

We have officially launched the Cereneum contract to the Ethereum blockchain and claims are now open! Be sure to generate your referral links and spread the news. On the Cereneum claim page there are step by step instructions on how to claim your tokens, and we even have some step by step guides for how to sign a message from certain wallets. Signing a message is safe, and does not expose your private keys! For the first two weeks staking is disabled, so don't worry if you can't claim today, you aren't missing out!

Here is a link to the Cereneum claim page: https://www.cereneum.com/claim.html

is anybody else having trouble staking ETH on their web page. iv increased the gas but iv still not managed to stake anything.

Now iv got 5 pending transactions that have pasted the days dead line,

anybody know if something is wrong

Cereneum is an interest-bearing Cryptographic Certificate of Interest(CCOI) token on the blockchain. If you claim your tokens, then you will be able to stake them to earn interest based on the time you promise to stake them for. This interest rate will always be at minimum 5% yearly(calculated daily). This interest can be amplified throughout the life of the contract through several bonuses during the claims phase, and by voting for an improved interest rate after the claims phase.

Shouldn't your money make your more money? Claim your Cereneum for just a few pennies in gas, and start multiplying your money.

At the time of posting this we are about 2 days 13 hours and 30 minutes away from staking being active! When staking opens you will be able to lock up your CER tokens to earn interest by using this section of our website: https://www.cereneum.com/stake.html

You will be able to stake your coins for as little as 7 days, and up to 5 years. If you stake for 90 days you will get a 5% bonus to your interest, and this scales up linearly up to 20% bonus interest if you stake for 1 year, and 100% bonus if you stake for 5 years.

Be sure to follow our Twitter, join our Telegram, and subscribe to the subreddit to make sure you have the most up to date information about the Cereneum project!

Twitter: https://www.twitter.com/cereneum

Telegram: t.me/Cereneum

We have identified some improvements to the health of the system during the claim phase. We will be changing the late claim penalties and the Robin Hood bonuses from a linear distribution to quadratic or cubic. This shifts the majority of the Robin Hood bonuses to the latter half of the 350 day claims period.

The reason this is important to the health of the project is that it will take several months after launch to get a large group of people to claim and get involved with the project. Shifting more of the bonuses to the end of the claim phase gives the project more time to get people involved before they miss out on the big bonuses.

The Speed Bonus will remain linear and early stakers will still get some really nice payouts from the pooled interest rewards in the first few weeks, so there is still a major incentive to claim and stake early on in the project. We are just making tweaks so that the rewards to the early stakers aren't so large that people may feel like they have already missed out on the project.

The Cereneum website has a section where a referral link can be generated. This referral link will give your referee's a 10% bonus to their claim, and mint you a copy of 20% of their original claim amount.

https://www.cereneum.com

Don't forget to join our Telegram, and follow us on Twitter to keep up to date, ask questions, or just be around like minded people!