Staking-as-a-service, Opinions?

[efxtrader]

Hey guys I am not very familiar with the topic of staking and staking-as-a-service. But I just saw yesterday evening that SMART VALOR a Swiss crypto exchange started their staking campaign where you can either stake Dash or their native token VALOR.

They state that revenues are up to 6.9% for Dash and 15% for VALOR. Here is the link for their announcement:
https://news.smartvalor.com/staking-dash-available-on-smart-valor-platform/

What do you guys think about it? I think it could be good alternative for earning some passive income (if I understand the concept correctly) like interest back in the days bank used to pay some

I think it's good as long as we trust the exchanger who runs the staking program. If we plan to hold it in the long run, this staking program will benefit because our goals are achieved and also get passive income

[Papa_Bitcoin]

Hey guys I am not very familiar with the topic of staking and staking-as-a-service. But I just saw yesterday evening that SMART VALOR a Swiss crypto exchange started their staking campaign where you can either stake Dash or their native token VALOR.

They state that revenues are up to 6.9% for Dash and 15% for VALOR. Here is the link for their announcement:
https://news.smartvalor.com/staking-dash-available-on-smart-valor-platform/

What do you guys think about it? I think it could be good alternative for earning some passive income (if I understand the concept correctly) like interest back in the days bank used to pay some

I think it's good as long as we trust the exchanger who runs the staking program. If we plan to hold it in the long run, this staking program will benefit because our goals are achieved and also get passive income

Yes you are right, after reading a little bit more into the topic of staking I think I understand it better. So staking is actually a win-win situation. Not only the staker but also the network will profit from it. Also I am wondering now why SMART VALOR should give back 100% of the revenues makes no sense?

[cudora]

I thought that all Proof of Stake coins are allowed to do this. I mean there are a lot of platforms that are offering combined or partly staking of all famous coins, including DASH, but in my opinion it is not worth doing.

[disconnectme]

Staking use to be a good cash cow for investors before 2018 bull run, the bear market kill most of this because they kill dumping and most people lose money, but recently exchanges are looking into this staking business reason being that most people keep their tokens on exchanges and they can get reward holding them

[Papa_Bitcoin]

Staking use to be a good cash cow for investors before 2018 bull run, the bear market kill most of this because they kill dumping and most people lose money, but recently exchanges are looking into this staking business reason being that most people keep their tokens on exchanges and they can get reward holding them

Okay thank you disconnectme. But the exchange can not use my coins or tokens when I gave them for staking since they are locked up I thought. So why should SMART VALOR give back 100% of the revenues and not take a fee???

[mb2122]

Staking use to be a good cash cow for investors before 2018 bull run, the bear market kill most of this because they kill dumping and most people lose money, but recently exchanges are looking into this staking business reason being that most people keep their tokens on exchanges and they can get reward holding them

Okay thank you disconnectme. But the exchange can not use my coins or tokens when I gave them for staking since they are locked up I thought. So why should SMART VALOR give back 100% of the revenues and not take a fee???

I do not believe that they will give you 100% of the revenues back. This makes no sense to me, they must take a fee. How would they otherwise make any profit?

[andika2018]

Hey guys I am not very familiar with the topic of staking and staking-as-a-service. But I just saw yesterday evening that SMART VALOR a Swiss crypto exchange started their staking campaign where you can either stake Dash or their native token VALOR.

They state that revenues are up to 6.9% for Dash and 15% for VALOR. Here is the link for their announcement:
https://news.smartvalor.com/staking-dash-available-on-smart-valor-platform/

What do you guys think about it? I think it could be good alternative for earning some passive income (if I understand the concept correctly) like interest back in the days bank used to pay some

Staking has become part of an exchanger service. With staking, we can get passive income but the most important thing is we must trust first with the exchanger where we store coins. If exchangers become coins that we have, I think staking will be a new and profitable thing

[tsaroz]

Hey guys I am not very familiar with the topic of staking and staking-as-a-service. But I just saw yesterday evening that SMART VALOR a Swiss crypto exchange started their staking campaign where you can either stake Dash or their native token VALOR.

They state that revenues are up to 6.9% for Dash and 15% for VALOR. Here is the link for their announcement:
https://news.smartvalor.com/staking-dash-available-on-smart-valor-platform/

What do you guys think about it? I think it could be good alternative for earning some passive income (if I understand the concept correctly) like interest back in the days bank used to pay some

Staking has been here since the dawn of POS. Dash community nodes were the first of such staking services I knew. Now many of exchanges and staking websites provides rewards for staking. There are 2 types of ways services claims to stake. There are coins that are POS like LISK or gives rewards to users for holding them like NEO or rewards for nodes and masternodes like DASH. Here the service provider does all the job for small investors and take a cut from the profit. Another way is exchanges reward a fixed amount for maintaining liquidity in the exchange. Though it's not a real staking, many of the exchanges advertise rewards on holding a coin on exchange as staking.

[el kaka22]

There has been some places that is doing this but the most recent and huge one is binance. The problem is that you are not making too much money so people do not see it as a way of making money.

Everyone thinks that when you give people 3% or less they would see it as an investment or some sort of savings account type of thing you make money but in the end there are many many poor countries in the world with higher than 3% interest rate already, even freebitcoin as a company gives 4% bitcoin return and why would I pick an inferior bad altcoin that gives me 3% or even 4 when I could just pick the OG coin bitcoin with 4% interest rate? So, only time it will actually get more popular will be when people actually have coins that gives them 10% or more which would make sense to invest into.

[Papa_Bitcoin]

There has been some places that is doing this but the most recent and huge one is binance. The problem is that you are not making too much money so people do not see it as a way of making money.

Everyone thinks that when you give people 3% or less they would see it as an investment or some sort of savings account type of thing you make money but in the end there are many many poor countries in the world with higher than 3% interest rate already, even freebitcoin as a company gives 4% bitcoin return and why would I pick an inferior bad altcoin that gives me 3% or even 4 when I could just pick the OG coin bitcoin with 4% interest rate? So, only time it will actually get more popular will be when people actually have coins that gives them 10% or more which would make sense to invest into.

Thank you el kaka22. I know about Binance but I prefer working with a Swiss exchange rather than a Chinese. Why do you say you can not make too much money? SMART VALOR gives up to 6.9% which is a lot especially since I see it as an alternative for interest which is equals to 0 or even negative here in Switzerland. Even 4% would be fine for me since I am in crypto for the long term.

[Novatech8]

I don't know about this project but my advise is to look for old staking coins, they will give you rest of mind, my experience with new staking coins are bad, they mostly end up a scam or you can wait for ETH staking upgrade

[mb2122]

I don't know about this project but my advise is to look for old staking coins, they will give you rest of mind, my experience with new staking coins are bad, they mostly end up a scam or you can wait for ETH staking upgrade

Hi @Novatech8 May I ask which staking coins you have experience with?

[max6575]

as uses with reference of works on preparing customs with scripting of algorithm gives with one on option as chance with submission of of entry to goes on extensive with tasks of evaluation, users of network gains as one on notables as uses with notice of dedication as attains within of field to work on system as requesting returns on completion.

[Mike Mayor]

I think if you have crypto already invested in dash then you should stake. If you invest in a miner you have already lost that money so I think it is ok to give someone else your dash funds. YOu have already given people your funds with mining and have nothing in return and if you think about it like that it starts making more sense to risk investing. I will say though that I highly dislike the idea of staking among other people since all that staking power gets centralized into very few wallets and the rest of those who are staking have to compete with that weight. Unless you talking about Master node staking in which case each node uses the same amount of coins or tokens as collateral.