Do I get it right - this is a sort of a staking program? But, compared to projects that offer staking option, you are just a fund holder, while they provide staking (holding) their own token or coin.
So the question is - if they pay for staking with their own altcoin, where you get funds for paying for holding ? Only from penalties if other users withdraw? Otherwise it looks like a Ponzi scheme.
Why would people wish to hold funds in your service, if then can hold them in their own wallets?
The bonus is generated from other users’ penalty so it is not guaranteed.
It’s not a staking service, it is a smart contract that holds users’ fund.
So it’s like a hodling game between users (hodling winners take losers’ penalty)
So what’s better compare to holding in their own wallet?
1. You can (probably) get bonuses if you’re going to keep the fund for a set period of time anyway
2. The penalty may help you from impulsive selling on high fluctuating market (help long term investment)
3. You can also get WRN token distribution that will be used for the protocol governance and community later