Bitcoin Forum

Alternate cryptocurrencies => Altcoin Discussion => Topic started by: abderrazak belkhir on March 26, 2022, 11:45:57 PM



Title: Your opinion about auto-staking
Post by: abderrazak belkhir on March 26, 2022, 11:45:57 PM
In the last few months we seen some projects with a new concept which is auto-staking and auto compound, this mean you don't need to make any staking actions and big volume isn't required to get the holding rewards

May i know your opinions about it and if its worth investing?


Title: Re: Your opinion about auto-staking
Post by: dothebeats on March 26, 2022, 11:58:24 PM
This isnonly worth it if the project has some potential. The concept itself is pretty good, because less effort is required to get your coins staked. Also, most auto staking coins don't have any lock in period, so it's easy to take out your coins if you really need it. It just adds another level of automation and comfort to those coin holders, but not so much in the value department.

It might lead to some being complacent too, but I guess that's not the coin's fault if ever it leads to that.