I have a quite stupid question...
People always say XXX stakes to reward in their bounty program. So what's a stake? My understanding is that is this the project token? So we just avoid saying the names of different tokens by saying just STAKE for them all?
For example, if I get 1 stake for QASH, means that I get 1 QASH; if I get 1 stake for Tezos meaning I get 1 XTZ?
Thanks guys!!
Hello,
Simply sayes, 1 stack is a percentage of the tokens that are allocatted to the campaign.
For example: there are 20% of the bounty prize for the signature campaign, that is representing 100,000 tokens.
The campaign includes 4 people with different ranks and a different number of stacks (the number of stacks depends on your rank in the forum):
- 1st have 30 stakes
- 2nd have 20 stakes
- 3rd have 15 stakes
- 4th have 10 stakes
There are a total of 75 stacks, hence 100,000 / 75 = 1,333 tokens for 1 stack. So everyone can figure out how much tokens they need to get at the end of the campaign (15*1333=19 995 tokens).
But it all depends on how much money the project has collected and how many tokens will be distributed. Sometimes they are less than planned.