Currently yes, but then there's eth 2.0 which hopefully will make staking lower amounts viable by reducing fees. This, or the upcoming fork of Ethereum addressing this (PulseChain).

Why is hex pumping?

I found something that could help lock ETH or any ERC20 token:
https://www.stateofthedapps.com/dapps/lock

SNOGE - Snoop Doge Coin - inspired by the original Dogg of Crypto

SNOGE is a reflectionary token inspired by HOGE, WOGE, and all the other strains of OGE. With heavy investments in the cannabis industry, our team aims to leverage the decentralized, uncensored nature of Ethereum in order to bridge the expertise of the cannabis industry with retail investors & connoisseurs that want to capitalize on society’s undervaluation of cannabis products & companies. Our reflectionary design was purpose-built to benefit holders, with a 2% reflection on each transaction. However, unlike other reflectionary projects, we wish to keep our token liquid & actively traded. As such, our team is developing MIR-inspired synthetics & FRAX-inspired partial collateralization seigniorage in order to expose stakers, holders, and lenders alike to the real-world cannabis industry with deep tail-end liquidity to stables & mainnets across multiple chains.

https://snoge.io/ - THERE IS ALSO ROADMAP!

Site is up. Simple yet kushy. Get ready for more info tomorrow & in the coming days, including additional site interaction.

SNOGE Contract Address on Ethereum: 0x072c46f392e729c1f0d92a307c2c6dba06b5d078

Dextools:

https://www.dextools.io/app/uniswap/pair-explorer/0x98904add2880c06e7a9ba444dc463d034f29ecf4


Liq Lock

https://unicrypt.network/amm/uni/pair/0x98904add2880c06e7a9ba444dc463d034f29ecf4


Burn

https://etherscan.io/tx/0xd2fe123c1fca2b35fd0df1e3866b95c05ad3050cc2e784f041bdbe867963c90a



https://etherscan.io/tx/0x5bd76f90ad2ab8cad1cb2019d07a5f8a33a099c4d4544c54b99f03bd052ed9b1



Socials:

Telegram — https://t.me/snoopdoge4206

Twitter — https://twitter.com/SnoopDoggeDoge

Now you can be earlybird!



4/19/2021 23:59

Fully diluted Market Cap:$6,103,810.24

Total Supply:42,000,069 SNOGE

Pooled SNOGE:2.59%

Not much out there yet, I'll just buy the latest hype coin then, snoop doge 🤣

Interesting, thanks. The thing is, I lost several 10s of bitcoins by trading like an idiot, so I'm looking for a mechanism to prevent me from unstaking / removing liquidity, so I keep my coins during bearish times.
What I'm looking for is strong incentives (such as penalties for unstaking), or a plain impossibility to retrieve coins before a certain date. I feel like hex doesn't have strong enough incentives.

I'm wondering, are there any other planned or existing crypto, other than hex, with incentives to "lock" coins, thereby reducing selling pressure?

Did you stake your HEX? That would give you higher gains in a few years.

Hex is not proof of stake nor proof of work. Transactions are recorded on on the Ethereum blockchain (currently).

Utility and coin market cap are different things, just look at stablecoins or Monero. They are more arguably useful than Bitcoin. Hex is designed to surpass bitcoin, using staking to limit sell pressure. It's all about game theory, not utility.

People buy crypto only to see their number go up, even when they claim it's utility/technology/revolution etc...

Confirmed.

Richard Heart is going on the Lex Fridman soon. That should get some eyeballs on Hex. Ref https://youtu.be/IHg6ixt3CKc?t=32

How's your long doing?

Well nobody new is buying at the moment, let alone $3B of new money. Down we go.

OMG why are we painting red??? China just banned Bitcoin???  

You must be new here

We have a couple of weeks of dead cat bounce before the final capitulation

There is a pattern in the 1y chart:
https://coinmarketcap.com/charts/#dominance-percentage
Moon

The question is now when to buy back... We could approach 2k with enough fud. My orders will be spread between 2k and 6k.
Oh yeah, and Bitcoin is doomed, it's a pyramid scheme and a scam  .

I bought my first coins back in 2013, and I am a permabull / maximalist. HOWEVER, it looks like we're entering a multi-year bear market.
https://youtu.be/vX1BjDHhuVk?t=54m58s