$HAZE Research #03 Make history and Talk about my dreams
Hi guys! 😊
I love HAZE and I can't sleep at night when I think about HAZE. (Because I'm stuck in quite a bit)
So, after organizing the mechanism of HAZE as far as I understand, I would like to talk about my dream.
1 Attractiveness of HAZE 1 - Private transactions can be used at a reasonable usage fee
First of all, the first attraction of HAZE is the Private transactions.
When using DeFi, aren't you surprised that "the balance and history of other people's wallets are completely visible"?
Many people would say, "I could use it because I didn't know it, but I didn't want to use it when I knew it was completely visible." "Can't I hide it somehow?" Adam and Eve were also naked at first and not embarrassed.
That's where Private transaction services come in.
Ikehaya's article is detailed and easy to understand, and you can understand the meaning by reading "Why do you need Private transactions?"
⇒ [Emerging project] Ikeda's hot issue "HAZE" -Reason for expecting price increase.
Not all transactions are anonymous. Only when there is a risk that your wallet address will be known to acquaintances, such as when sending money.
The user pays a usage fee of 0.1 to 0.55% depending on the remittance amount. PancakeSwap charges a 0.2% fee for exchanging coins, so you can use it at a reasonable fee that is comparable to that.
In addition, a unique token "HAZE" will be distributed as a reward for using the service. HAZE can be sold or stakes on the market to increase. It's like "CAKE" in PancakeSwap.
2 Attractiveness of HAZE 2 - Turn it to make a profit
HAZE makes a profit by turning (working). What does it mean?
There are Frequency Mining users (minors) who deposit and withdraw themselves instead of sending money to others, and they are doing the work for profit. This makes sense, and it has the effect of increasing anonymity by stirring it in and out of the deposit pool.
HAZE will be distributed as a reward for deposit, so if this HAZE sells higher than the acquisition unit price, you will make a profit.
When the HAZE service started in early March 2021, we were able to purchase 1 HAZE for about $8.4 and sell it on the market for $9 to $10. I made a lot of profits, so it turn up. People who used to turn up to $50,000,000 a day and turn $100k slots were told that the hourly wage was $800. 💦
3 Attractiveness of HASE 3 - Invest and make a profit
If the $100k slot goes through 500 times / day ($50,000,000 / day), 0.55% of it will be commission income, and as shown in the calculation below, you will be able to earn $0.275 per HAZE per day.
$50,000,000 * 0.55% = $275,000 …… Fee income (per day)
$275,000 * 40% = $110,000 …… Staking reward (per day)
$110,000 / 400,000 (number of HAZE) = $0.275 (per day / 1 HAZE)
If the price of 1HAZE is $10 at that time, Surprisingly!
daily 2.75%
APR (annual interest) conversion is 1,003%!
APY = 1,996,854% (including compound interest) !!
HAZE does not display the interest rate, which is rare in DeFi, but if it were displayed, APY = about 2 million%. (at that time)
It's hard to believe, but it's really possible because it's performance-based.
Seeing this will make HAZE even more attractive, and investors looking for capital gains and income gains will buy HAZE.
It is not a dream that the HAZE price will increase more than 10 times. Given the attractiveness of dividends, it is quite possible.
4 Current HAZE
The festivities of 500 times $100k slots a day are over.
Now that the HAZE acquisition unit price has risen to about $9.2 and the HAZE price in the market has dropped to about $4 to $6, Frequency Mining is no longer profitable.
The number of users of the Private transaction service has not increased significantly.
"24HRS" of "TOTAL VOLUME" at the bottom of the page of hazefinance.org is the deposit amount for the last 24 hours.
Perhaps in the early days, during the festivities, the calculated staking rewards weren't distributed very often. The reason I think so is that I have a lot of rewards now.
At the bottom of the page of hazefinance.org, the amount of "HAZE STAKING REWARDS" COLLECTED - DISTRIBUTED is the amount waiting for distribution. The image above is from March 24th and has a waiting distribution of approximately $1,400,000.
The distribution seems to be manual, so it is unstable. If you look at it like Pancake, it will not increase little by little, but it will be distributed about 1% with Bomb about once a day. (Daily1% = APR365%, so it's a very high interest rate, but it's hard to notice)
In addition, when the user's anxiety increases due to the operation not replying on Telegram or the dividend being delayed for 2 to 3 days, the $HAZE price drops sharply below the slot break-even point and temporarily drops. It has dropped to around $2.
I think that the reason why HAZE's popularity is hard to rise despite the fact that it has such superb finances, super high interest rates, and the possibility of a surge is because there are some areas where investors cannot get rid of their anxieties.
5 The future of HAZE
The following is a summary of the explanations so far.
1) As the number of users of Private transaction service increases, commission income increases.
2) When the price of $ HAZE exceeds a certain level, Frequency Mining will rotate and commission income will increase.
3) Increased attractiveness due to high APY (income gain)
In other words, if you raise the $HAZE price to the extent that the Frequency Mining in 2) turns, the APY in 3) will increase, the attractiveness and price of $HAZE will rise, and the Freqency Mining will turn, creating a virtuous cycle and everything will go well. I will.
However, if the price increase is only temporary, the sitting on $HAZE may flock to the loss cut without reaching Frequency Mining, and the price may drop quickly and never rise again.
Increased and stable HAZE prices are essential for Frequency Mining. And HAZE price stability cannot be achieved by the financial strength of the management team alone. If the market does not "buy" HAZE, it will not last.
・ First, restore trust
⇒Automate staking rewards and continue distribution according to certain rules
⇒ Do not miss dialogue with users on Telegram
・ Enlighten the appeal of HAZE, not just slots
⇒ LP mining and staking rewards are displayed in% by APR or daily
⇒ Display rewards in a visible manner like Pancake
・ Improve the convenience of Private transactions services and increase the number of users
⇒Appeal the advantages of Private transaction (I think the aim of spreading SNS the other day is very good)
⇒Improve the UI so that you can send money more freely
What does it mean to send money freely?
Now, $1k = about 109,000 yen, $10k = about 1.09 million yen, $100k = about 10.9 million yen, can this actually be used? When you want to send money to a person, are there always these three amounts? I think that general use will not increase unless it becomes "natural" to be able to freely set the remittance amount.
So I thought about it for a moment.
・ Add a unit of $0.1k (= $100)
・ Change to a UI that allows users to freely set the remittance amount from $0.1k to $100k
・ Allows users to select (at the time of remittance / withdrawal) for the fee burden
I wish I could set it freely up to about $1 unit, but it seems that the mixing efficiency (anonymization efficiency) of the money put in the pool will increase if it is divided into certain units, so I thought this as a compromise. I tried it. Anonymization is of utmost importance.
How about, do you think the future of HAZE is bright?
There are some regulatory risks of anonymization that I couldn't touch on today, but I explained that I wanted to share what I learned from my research as of now.
Also, it seems that voting has begun in governance now, and it has been decided that money will be distributed immediately anyway. I feel uneasy because I am not prepared enough, and I have a fleeting expectation that I should go around Frequency Mining as a result of this.
Everyone agrees now, I'm a little pessimistic. I pray that my judgment is wrong.
When is the confirmation? 3/30 16:00 EST.
That means adding 13 hours to 3/31 5:00 Japan time. I'm looking forward to it. 😊
⇒ Reward Distribution #QmZXsaw
See you again, DeFi ~ (@ ^^) / ~~~