Ninjastic
PostEdited versionsQuotes to this post
Post
Topic
Board Announcements (Altcoins)
Re: 🔥[ANN] BreezeCoin combining Real Estate with Crypto🔥
by
princecharles
on 27/02/2020, 02:32:58 UTC
Quote from: Maebeo2017 on February 26, 2020, 09:04:10 PM
Quote from: Henrytrust on February 26, 2020, 07:32:13 PM
Quote from: Antana on February 26, 2020, 06:24:32 AM
Quote from: Henrytrust on February 26, 2020, 03:24:51 AM
Quote from: nxnqauff on February 25, 2020, 10:06:43 PM
Quote from: Henrytrust on February 22, 2020, 08:53:46 AM
I personally believe that the lockup period of 6 months is too long. I know some projects even offer lock up period of one year, but I would prefer if there are several options as it relates to the lock up period to give investors the opportunity to make their choices.

Lock up period of 6 months of long. But why it is like that? Means one cannot get back the coins for these months once they started staking?

Generally, when a token is staked, you don't get to withdraw the tokens. Some projects gives you the privilege to withdraw, but you'll forfeit some percentage of the earnings while others as the case of breeze coin doesn't give you the opportunity to make any withdrawal for the staking duration.

When it comes to staking i have never seen any project allows withdrawal in between. Tokens are always locked if my understanding is correct. The reason is, they have some strategies to run particular system. If we withdraw amount it between then desire results might not be achieved.

Yes, that's true. Staked funds are always blocked and users can only withdraw after the expiration of the staking duration. The major challenge is that there are several scam projects in the cryptocurrency space who may end up cashing out, thereby leaving the investors stranded.

My earlier call for having healthy investment with good history still stands for projects which are having staking as part of their features. Let's see it this way, why do I have to invest and stake in an unstable investment? I think Breezecoin should make themselves really strong and reliable and the right investors will troop in.

No project is perfect as it relates to strong and reliable. Every project is working towards perfection and breeze coin is on her way to perfection. The most important factor is making constant improvements, we were told on the thread that breeze coin is launching a new website soon and other tourists attractions in various locations. I personally believe that the project has made substantial improvements over the years and deserves some accolades and commendation.