Bitcoin Forum

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

Yes, there are many tokens now that incentives those that stake their tokens, if you stake your coin/tokens you have interest accrued with time. Look at Sovryn have good incentives to those that stake their tokens and it is a very good project with huge potential for growth

Lots of tokens with these incentives, but usually new tokens that have just been listed on the exchange, usually they offer incentives to anyone who holds. so you can make it an option as long as you have to be careful because not all trusted tokens pay incentives until the specified time contract.

What you need to visit this site.

https://www.stakingrewards.com/

There are bunch of POS coins that was offering the incentive for the long term holders. You can also take a look at some decentralized exchange site like pancake swap as well.
He is only offering staking reward but this project didn't have what we have called that as product. You can also take a look at sovryn

Neo.
Tezos.
Those are the few and there are many others. Trust wallet has that feature for staking coins.
https://trustwallet.com/staking/

The longer we do the staking, the more rewards we get from them which could really attract holders to put their cryptos on their trust wallet.
I'd find this very effective and a sort of encouragement for those who want to hold for several years. Maybe I'm not like them but this is a good option and usually, I do staking during the bear season while waiting for the Bullrun to comes.

I'm not aware of how HEX works but there are a lot of tokens that incentivizes users who lock their tokens and basically its like staking still. You might as well just buy and lock your money with the top coins like ADA.

There are some that actually sends incentives everyday like EOS or VET that sends VTHOR. They however will need a big investment now before you get these incentives as their prices had mooned already.

Many coins have staking. The founder of HEX is a scammer and many suspect he is CIA. I would watch out with that one.

Definitely not HEX, there has been some concerns regarding it being a ponzi and therefore you should stay away from it.

Regarding selling pressure, dont compare altcoins with equities which are giving out dividends. Equities exist for an existent company not some vaporware shitcoin, these two are not comparable when it comes to legitimacy.

Hence people never trust altcoins, because they are failures from the start and can never compete with the mainstream counterparts on a large scale - bitter truth of the altcoin ecosystem.

Now, about selling pressure, dont assume that staking would give you the ease of mind of not having to see -10% on that price ticker one day. Bag holders dont care about the staking money, they want people to buy or be forced to buy in the context that they are staking so that they can sell their bags.

Trust me, staking vs selling at high, the second option is way more profitable for any trader. So think twice before doing staking. It is always better to just buy coins at low and then sell them at high. Problem lies in that fact that people dont time it correctly or have patience to watch the market.

Currently there are many options for getting passive income. One of them is by staking, for beginners I think staking on a large exchange like Binance, there are so many choices of coins for staking.

@OP aside from having incentives to hold or gives staking reward to those who stake their token, you should be more concerned about the project and the longevity, if the project is technically and structurally strong enough to survive long term,
Any project that will die within a short period is not worth holding for incentives, except you are smart to quickly liquidate your accrual before any funny moves, this is a feature nearly all recent project offer but it is necessary to hold and stake those project that really worth.

I like the idea of staking or having incentive by holding the crypto but my concern is most of those kind of crypto always ends up dropping low,
Or most of the alt-coin that I know that have those kind of features so I avoid those kind of tokens specially the new ones.

Smartlands (SLT) has a number of incentives to hold long-term:

1) Revenue sharing - 33% of the fees paid by asset clients to tokenise on the platform will be distributed to qualifying holders on a monthly basis.  This also includes fees generated on any secondary markets.

2) Asset investments - you will be able to use SLT to invest directly into assets on the platform/s (starting with real estate, but they have multiple other sectors in the pipeline for 2021) for longer-term yield.

3) Fees converted to SLT are bought on market - so even if you aren't taking part in the staking/revenue sharing or investing into specific projects on the platform; you will still benefit from the fact that fees paid to list assets (or transaction fees for secondary markets) are converted into SLT for distribution by a buy bot which will purchase them on market... thus creating an upward pressure on price.

I'm an SLT maximalist, but there's so much great stuff with this alt-coin that it's worth looking into and DYOR - the community website has some great insight articles written by holders:
https://www.smartlandscommunity.com/copy-of-community-insight-1

And you can read their whitepaper here:
https://smartlands.network/

Isn't it the same as staking or something? Most developers aim for HODLers of their coin and make it that way, and they need to make it attractive to be held. I think the most effective right now are those with vaults, staking, and rewards. It's just named differently, but the essence is still the same either way.

I know CRO is staking their coins for rewards like the master card that they offer. It's locked for a certain period, and you could only use it once it's unlocked, but they will get the "benefits" they give.

BNB is one of them, because you can staking BNB in ​​binance and of course the price of BNB will continue to increase all the time, so you will never regret to investing in BNB for ​​the long term, because you will definitely get a big profit from investing in BNB and as long as you HOLD BNB then you can get passive income from staking BNB in ​​binance.

Hex? Is it the one which was airdropped after we pay something in ETH? I heard that they will send some big amount but will lock most of them, right? That would be really annoying one in my opinion; I will not prefer such kind of enforcement. There are lots of POS coins are available which will get us definite free coins in our holding time but you need to be lucky to get better prices at the times of you decide to sell them. POS coins are slowly losing its importance in crypto space due to dapps and defi are on verge of occupying all investors portfolio.

Yeah, BNB for altcoin and BUSD for stablecoin are the best coin to hold and stake on binance exchange since they offee a good APY and also you can use it on mining token during there launchpool mining. Binance coins has a lot of utility with good profitability that's why the price is continuosly growing due to increasing rewards they offer by holding it

If you use binance, you can stake your bnb and get the new tokens released on binance. You can also try with Trust wallet as the other says or try Atomic wallet but I do not know how much the minimum amount to stake or how much the reward you will get.

After all, you need to be careful to stake and make sure you know everything about staking and do not use big money to invest in many coins.

WTF, i just know this recently. i never heard about that since some people on hex telegroup were actively doing regular meetings. I don't like what mechanism that used by hex. it used its premined coin to give the reward to the stakers. That means hex was attracting the stakes without trying to give utility usage on its token.

Used pre-mined coin as an incentive. I will try to get some information regarding it.

I do not think that there is a "best" for any stablecoin, I mean not in the sense that security is important of course and I do trust BUSD as the most secure stablecoin for sure as well, I do not mean it that way at all. I meant like "incentives to hold long term" lacks in any stablecoin, you could maybe put it on savings and earn interest but that will be quite low as well, there doesn't seem to be any reason why we should do that if we want to earn money since this won't earn us any money (not nearly decent at least).

However I agree with the BNB one, that is a very good coin and I think it can easily be 2k+ dollars like ethereum if it keeps this up. It doesn't even need to do anything, just let it be like this and more and more people are buying BNB anyway so it will result with the price being 2k+ eventually the way it goes and that is why I bought some waaay before when it was under 30 dollars.

I'm also not like them but I'm just giving a suggestion that's better than the others who are holding their balances on exchanges. At least trustwallet is becoming popular.
And AFAIK, it's already owned by Binance too.

I find holding the top platform coins in the market to benefit greatly. In addition, the floor coin is also one of the interesting options to lock.

This had been the trend today of several newly created token that is created in Decentralized exchange like uniswap, pancakeswap and Defi Nominex.   They wanted the holder to participate in their liquidity pool (LP) wherein they stake their token paired with USD and in return will gain stake or interest depending on how long their token is locked.  Just check the coinmarketcap for the newly listed token and check their features.  To name some, you can check nominex, momo protocol and many more.

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.

many tokens make promises to add incentives. but please know I was stuck on the token and suffered a loss of $ 500 I think we have to do the analyst because the token with the system can scam at any time and it can make us lose

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

Same happened to me as well. When TRX was announcing about BTT token airdrop on monthly basis, I decided to invest on TRX and TRX was trading above 780 satoshi at that time I invested a big money and then it was crashed to as low as 120 satoshi and right now it is slightly recovering and trading above 210 satoshi still a long way ahead to get me profits. The unfortunate situation is even those BTT tokens I got from airdrop did not get me any significant profits even with recent rise up.

I have tried few POS coins and masternode and none of them were profitable to me in both BTC and USD values but simply sticking only with bitcoin holding people are making good profits with assure peace of mind.

In fact, the application method to reduce selling pressure has been carried out in addition to locking, such as farming, staking coins for a certain time and it seems that this method is effective on some coins that have a good roadmap in the long run.
Like cakes that have various types of coins for staking on their platform, of course, with different apr / apy.

There are many altcoin projects that provide incentives to those who invest in their projects. and currently I'm looking for incentives on Thefutball project through the application they launched. they have a hodl program that provides an incentive of 20% / month and this program is for 10 months / 1 contract. and this altcoin has been circulating in several markets such as Bitrex and Latoken.