You can tip three different cryptocurrencies on publish0x right now, Basic Attention Token, HYDRO, and DAI. Let`s have a quick look at the effects of those week`s crypto crash on publish0x.
The Current State Of Affairs At BAT, DAI And HYDRO
The crypto crash did not stop at Basic Attention Token and HYDRO either. They are by far no exception.
Only the DAI stable coin looks juicy at the moment. In troubled times the DAI stable coin seems to be the last safe haven in the crypto space. The advantages are coming into play right now in the crisis. We can still rely on the fact that one DAI has a counter-value of more or less one dollar also in troubled times. It looks like DAO and HYDRO are recovering a little bit like the rest of the market but we just don`t know what is happening in the next days, not even in the next hours.
How The Crypto Crash Affects Publish0x
The Crypto Crash has probably its biggest effect on the minimum withdraw-amount of Basic Attention Token and HYDRO here on publish0x. The minimum withdraw-amount for all ERC-20 tokens earned on publish0x is always 50 cents. So while there are no significant effects on the minimum withdraw-amount of DAI, the effects on the minimum withdraw-amount of BAT and HYDRO are huge.
The prices are changing rapidly these days. So right now the numbers from the screenshot above are already old, after five minutes. 🤨
1,906.2400 is the current minimum withdraw-amount for HYDRO and more than four BAT is the minimum withdraw-amount for BAT while I`m writing these lines.
I remember that the minimum withdraw-amount for Basic Attention Token one week ago was slightly under 2 BAT, the minimum withdraw-amount for HYDRO was about 800 HYDRO.
I was so close to my HYDRO withdraw this week and now I am like miles away again. 😫
Now The Important Question Is
It makes sense that the minimum withdraw-amounts for BAT and HYDRO are higher now since they have been tied to 50 cents.
But what about the tipping amounts? Of course, the tipping amount of DAi hasn`t changed because of the crypto crash. But it seems to me that also the tipping amount of HYDRO hasn`t changed. It seems that in HYDRO a correspondent counter-value is not being generated in tips.
It seems to be different from the amount of Basic Attention Token we receive by tipping. In my observations, it seems that we are receiving a higher amount of BAT in a correspondent counter-value by tipping right now. 🤔
What are your observations - Are we receiving higher amounts in BAT and HYDRO right now as a consequence of their low counter-values?
I hope I could provide you with some short but interesting information. Please make sure to follow me here on publish0x.
Thank you guys for reading, liking and tipping, I appreciate that! 👍
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