Post
Topic
Board Altcoin Discussion
Re: Staking Coins With Annual Returns - Good Idea
by
Xal0lex
on 17/08/2023, 17:48:40 UTC
I would say that putting the main focus in staking on unknown coins that give high yields would be a foolish decision. Sooner or later one of two things will happen:

  • the coin will get very cheap
  • the coin will drop in payout rates before the staking period ends.
.
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Standard situation when unknown projects try to attract liquidity by loud promises and tasty interest.

no one can pay 22% for a long time.

It is a likely Ponzi that will end badly.

Lots of people believe they can get paid 600% in a year if it's written in the terms and conditions Grin