diff --git a/finance/mpc-token-grant.md b/finance/mpc-token-grant.md index f38bc94..f413ca5 100644 --- a/finance/mpc-token-grant.md +++ b/finance/mpc-token-grant.md @@ -109,7 +109,7 @@ Ordered by relevance and personal preference: | [Crypto.com](https://crypto.com) | πŸ‡©πŸ‡ͺ | | [Yes](https://help.crypto.com/en/articles/3857197-fiat-wallet-usd-withdrawal-via-ach) | US specific? [High risk of collapse](https://manifold.markets/Base/the-next-crypto-exchange-to-file-fo). | | [Binance US](https://binance.us) | ? | | [Yes](https://support.binance.us/hc/en-us/articles/360047428893-How-to-Withdraw-via-ACH) | US specific? [High risk of collapse](https://manifold.markets/Base/the-next-crypto-exchange-to-file-fo). | | [Bybit](https://www.bybit.com/) | ? | | [Yes](https://www.bybit.com/en/help-center/article/FAQ-Fiat-Withdrawal) | | -| [OKX](https://www.okx.com/) | ? | | ? | ? | +| [OKX](https://www.okx.com/) | ? | | ? | | | [Upbit](https://sg.upbit.com/home) | πŸ‡°πŸ‡· | | ? | | | [Bitget](https://www.bitget.com/) | πŸ‡ΈπŸ‡¨ | | ? | | @@ -156,7 +156,7 @@ and I recommend acting as if the second interpretation is in effect. ## Example flow and report -Below is an example. Amounts and prices are made up. +Below is an example flow of cashing out, using Kucoin and Kraken. Amounts and prices are made up. | What | Input | Price | Fee% | Fee of Input | Output | | ---- | ----: | ----: | ---: | -----------: | -----: | @@ -170,9 +170,31 @@ Below is an example. Amounts and prices are made up. Contrast with a theoretic value of `10000 MPC * (0.4 USDT/MPC) * (0.91 USDT/€) = €3640`, resulting in `€22.535968` lost to fees, and `€3640 * 52% = €1892.8` in taxes, giving you `€3640 - €1892.8 - €22.535968 = €1724.664032`, giving you `0.473809%`. +## Discussion: Letting it ride + +It might be tempting to letting your MPC possessions "ride", e.g. paying off +your tax burden by selling half, and keeping the rest in MPC. While this is +definitely a possibility, you should not be blinded by greed or by emotional +attachment: By doing this, you are **converting your bonus to an investment**, +and you should consider the consequences of this. + +1. The price of MPC now is known, but the price in the future is unknown. +2. For the first few installments you are already heavily exposed to price + changes to MPC, and will get almost the same upside or downside whether you + hold or not. +3. If you have already decided to invest, consider that there might be other + investments which have better characteristics. Crypto investment can be + rough. +4. From a [diversification point of view](https://en.wikipedia.org/wiki/Diversification_(finance)) + consider that you are possibly possessing an incredibly lopsided portfolio, + due to the MPC grant. +5. Also regarding diversification: You are already heavily invested in the + well-being of Partisia and Partisia Blockchain, due to working there. + The price of MPC and the financial situation of Partisia will most likely + correlate. +