Limit of staking amount and number of investors make sense, but to limit the time you can stake doesn't make much sense, because as soon as the staking agreement finishes, you will be able to start it again.
Maybe your concern should be regards the APY. which is usually pretty high. Huge interest rates are creating surplus of tokens in the market, devaluing the currencies' prices really fast.
And even if developers address all these points, they will be still worthless if there isn't real demand for the token. That is the most important aspect developers and investors should be worried about.
Topic: Staking should be limited and time based - page 2. (Read 219 times)
It's a centralized platform's way of staking but the other way of staking is where you're holding the private keys. Binance don't issue private keys so it's a known thing that everyone has to trust them with their money.
The other side of staking is for those wallets where they issue PKs and then you're free to unstake at your will. That's how it goes with staking and all of them have APRs/APYs.
The other side of staking is for those wallets where they issue PKs and then you're free to unstake at your will. That's how it goes with staking and all of them have APRs/APYs.
Developers need to learn from Binance CEO and BNB, they introduce APY and APR and the exchange / project is still functioning, I know that many staking protocol are build on scams/Ponzi scheme but those that are not scam are making mistake, here is what I learnt from Binance
1. They use time limit offers on their staking, meaning the staking won't run forever unlike some other projects, staking is capable of ruining a project.
2. They create spot for some period of time, e.g 100 people can stake withing the time frame of 1 month to 3 months. Binance do this a lot.
This is what real staking should look like to keep your project running without hurting the project, most especially new crypto projects.
If you want to real staking, then why wouldn't you just run your own node then?1. They use time limit offers on their staking, meaning the staking won't run forever unlike some other projects, staking is capable of ruining a project.
2. They create spot for some period of time, e.g 100 people can stake withing the time frame of 1 month to 3 months. Binance do this a lot.
This is what real staking should look like to keep your project running without hurting the project, most especially new crypto projects.
Because i am sure that you already know that what exchanges are doing isn't real staking. Real staking involves running a node and validating transactions.
And in those as well, many real staking smart contracts will lock up your tokens for a certain period of time. But least you are participating to something meaningful.
And you do not guess that Binance makes it short timed so that it can be getting commissions for each restake? That is business for you and Binance knows how best to get money off people without them knowing or feeling it. From your argument now it is clear you do not know that those short durations on staking is never to the advantage of those who are staking but for the exchanges that do it.
Developers need to learn from Binance CEO and BNB, they introduce APY and APR and the exchange / project is still functioning, I know that many staking protocol are build on scams/Ponzi scheme but those that are not scam are making mistake, here is what I learnt from Binance
1. They use time limit offers on their staking, meaning the staking won't run forever unlike some other projects, staking is capable of ruining a project.
2. They create spot for some period of time, e.g 100 people can stake withing the time frame of 1 month to 3 months. Binance do this a lot.
This is what real staking should look like to keep your project running without hurting the project, most especially new crypto projects.
1. They use time limit offers on their staking, meaning the staking won't run forever unlike some other projects, staking is capable of ruining a project.
2. They create spot for some period of time, e.g 100 people can stake withing the time frame of 1 month to 3 months. Binance do this a lot.
This is what real staking should look like to keep your project running without hurting the project, most especially new crypto projects.
Jump to: