Post
Topic
Board Altcoin Discussion
Re: Does staking even make any sense
by
Jancuki
on 20/07/2022, 03:43:29 UTC
Now cryptocurrency market started to rise and staking becomes more interesting for token holders.
Also now appear a new and interesting projects with staking and it is very important to evaluate the potential of such coins.
It's very tempting when there is a staking system (POS) other than we can get incentives, we don't need to do anything, we just need to lock it. But still there is a risk, given yesterday's incident when the market was bearish, the token price dropped and the payouts couldn't cover the losses from the price drop. For example I've staked atomic tokens with $145 in capital and now it's down to $48, which I'm using cold cash and won't be withdrawing any time soon. My advice is to be more careful if you want to stake tokens, you need to look at it in terms of future clarity and clearer roadmap.