Cilistia has implemented a unique staking mechanism to prevent fraud and theft. Users are required to stake $CIL tokens for a specific period before they can initiate trades on the platform. By staking a certain value of $CIL tokens, users gain the ability to open orders for a predetermined amount of other currencies. This measure ensures a higher level of security and reduces the risk of malicious activities.
How many tokens will be required for this? Are there no other options such as locking their BTC/ETH on a multi-sig address like what Bisq does to prevent scammers from making fake trades? I don't really find it appealing that I need to buy your token first before I can even use the platform. What would you do if the token price becomes more expensive then? Will you lower the requirement? I'd rather use a static requirement such as "30% of total trade deposit is required before you can make trades" if that is the case.