Even though i am not sending regular reports for the last 2 months… but the good news is that we still achieved “Perfect Call Rewards” from round 1543 > till today at round 1610
Another great news is: 0x88 Node had been updated due to Streamflow Protocol Upgrade
However, I am raising the Reward Cut to 2%, since there is still lack of LPT bond to 0x88 and, the reward cut may decrease in the future as the total staking increase. Please keep supporting me.
Guys… in the upcoming week i will need to raise my the percentage from 2% to 5% for the call rewards since the condition in the whole crypto market is very bad right now. I wish you guys will still supporting me.
From May to July, i did not archive a prefect reward claim, i think i missed them by 3-4 times during these times. However, right now we are doing great again with prefect reward claim for the past 30 days ++. I am grateful as well that 0x88 is still running actively since 2018.
The other main reason for this post is let you guys know that i am planning to raise the cut reward fee from 5% to 10%(initial plan is 7.5%) on 1st August 2020(initial plan is 27 July), since the fee for each claim is raising that it is almost not enough to cover up the cost for each transaction. I wish these changes is understandable, and i will keep doing my best to fulfill my responsibility as a trusted orchestrator.
The gas fee is going crazy and small orchestrator like us are getting blown off. We are far away to cover up the cost of transaction fee (rewardWithHint) and are losing a lot of money right now. I do not know how long this going to happen, but if it keep coming for a weeks or more, 0x88 would not be able to survive. 3 Weeks ago i had raised the reward cut fee to 10% and now i have to increase it to 25%.
As a trusted Orchestrator since 2018, i need to be as transparent as possible. I Wish 0x88 will still be supported by the community.
