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Title: discussion on Staking by Exchanges Post by: bumbacoin on July 27, 2018, 06:57:00 AM once again it's come to my notice that some exchanges do stake coins that have been deposited by users. obviously nothing new, but i've just re-noticed this. so this is a personal question from myself as to how the position of such exchanges might be justified to enabling staking for their own benefit? obviously there is benefit in staking coins, then continuing to stake the coins you've just sold. personally, i feel this should be done transparently, yet the only exchanges that i've noticed tell users, also offers their services as a staking pool. i do recall seeing some exchange offering itself as zero fee's, with funding via initial listing and staking user deposits, but i can't recall who that was, or even if they're running. Title: Re: discussion on Staking by Exchanges Post by: bumbacoin on July 28, 2018, 06:07:27 AM edit
lolz i was completely wrong :P Title: Re: discussion on Staking by Exchanges Post by: Way2Paradise on July 28, 2018, 06:56:33 AM looking at one exchange atm, i just did a rough scratching, jan 6. one exchange wallet staked over $8k worth in 3 1/2 hours, 3 days later a bit of a pump so that would be 8x that is only one address - out of how many? that is only one coin- out of how many? and that is only 3 1/2 hours, i have no idea who those coins "belonged to", or what they did with those coins during that period, they might not have sold at all .. who knows ... but this is an exchange, they didnt even have to send those coins .. lol .. atm i'm not interested in giving specific details, but i imagine i will later. exchanges make good money with that, i would say. i also do not understand how people can leave their coins on an exchange. if people stake the coins on their own wallet, they could make good money themselves. so they give it to the exchange and nobody seems to bother it. apparently the people already have enough money. 8) |