Post
Topic
Board Altcoin Discussion
Re: Hyperstaking
by
God bless u
on 25/05/2024, 15:24:59 UTC
I wonder if this is technically possible? Make a coin with one billion APR staking returns. I'm thinking of a Peercoin fork for example where the staking returns were just set to an absurdly high level. I understand that something would have to be done to not hit integer limits, maybe there could be multiple tokens internally where each level of tokens is one billion times the value of the previous level.

In a country where staking income is taxed as capital gains before even selling, this would be instant financial suicide probably, if it held any value? Of course it would be problematic for exchanges as there can be only so many zeroes in their prices.
bI haven't tried this technique to stake and neither the friend circle of traders around me tried this. It seems that it's not a good choice to stake like that and ultimately itll lead you to disappointments.

The word hyper itself is not good, anything that will be beyond limit will harm you in some way. So a balance is always useful and good for you and your assets both.