Re: ★★★ PandaCoin [PND] ★★★ New devs, old community. Updated links !
If people took half their PandaCoins off the exchanges, they could earn a healthy interest on their coins by staking them in a PandaBank.
Not only that, with less coins sitting on exchanges, the price would also be higher.
Not only that, with less coins sitting on exchanges, the price would also be higher.
My coins left Yobit long ago. Earning interest is refreshing!
https://chainz.cryptoid.info/pnd/#!network
On checking this block explorer, I see only 15% of coins are staking. The rest I assume are on exchanges, off-line wallets or have been forgotten about or lost by their owners.
3% intrest a year is not too much to bother with staking or downloading the qt wallet with all blockchain for hours.
My last audit of the chain had 17+ billion coins which had not been moved or staked in last 500 days just within the top 1000 addresses. I would assume that most of these have been permanently lost.
On a side note, Stake weight caps at 30 days. The 3% interest continues to stack indefinitely. My coins had sat untouched for 700 days without logging in and they staked for the full 3% that I would have gained if I had been logged in once every month to stake. All that you will lose out on is gains from compounded interest (minor as long as you stake once every year).