Staking should be limited and time based

[Smack That Ace]

Developers need to learn from Binance CEO and BNB, they introduce APY and APR and the exchange / project is still functioning, I know that many staking protocol are build on scams/Ponzi scheme but those that are not scam are making mistake, here is what I learnt from Binance

1. They use time limit offers on their staking, meaning the staking won't run forever unlike some other projects, staking is capable of ruining a project.

2. They create spot for some period of time, e.g 100 people can stake withing the time frame of 1 month to 3 months. Binance do this a lot.

This is what real staking should look like to keep your project running without hurting the project, most especially new crypto projects.

The CEO of Binance is a wise man and I think many other crypto CEO should learn from him. He has a strategy that had been working for him since the last hack attempt on the company. Binance was able to program there staking in a way that is suitable for every investors no matter how much you are staking or the kind of coins or tokens you are staking. Staking is another way to earn bonus when you are not using your coin for anything and it can be very rewarding if the fund is huge. I had made some staking on Binance and I had make some few dollars from it since the crypto market is still dipping.

But leaving a large amount of money on centralized exchanges is quite risky, although the profit from staking is not so bad during this bear season. So far, Binance is safe after a bunch of Fuds targeting them, but we also need to be careful. Anything can happen, even major exchanges like Binance are no exception.
After all, the use of CEX will never stop, it provides us with many services that can make us profitable even during the bearseason, which no other DEX can do.

[Rengga Jati]

And you do not guess that Binance makes it short timed so that it can be getting commissions for each restake? That is business for you and Binance knows how best to get money off people without them knowing or feeling it.

Indeed, in fact, they earn much more than our result of staking there 
If we only have small amount, it's realy not worty to stake. moreover if we only plan for shorter period. Better to hold in our wallet.

Time limit based staking will give advantahes for both the people who are doing staking and also for the platforms. So, they can manage and measure the APY or profits that they will spend and earn.

[goaldigger]

Developers need to learn from Binance CEO and BNB, they introduce APY and APR and the exchange / project is still functioning, I know that many staking protocol are build on scams/Ponzi scheme but those that are not scam are making mistake, here is what I learnt from Binance

Binance is indeed advance on thinking about how they can make more profit, they are doing this for the benefit of both parties and re-staking might cost you another fee that's why Binance did this on a short period of time only. This can also be a good opportunity to the project to attract more investors, with this they are allowing investors to secure some profit even on a short period of time. Staking needs a lot of capital though for you to feel the profit, but if you don't have that much I don't suggest to stake at all.

[RealMalatesta]

1. They use time limit offers on their staking, meaning the staking won't run forever unlike some other projects, staking is capable of ruining a project.

2. They create spot for some period of time, e.g 100 people can stake withing the time frame of 1 month to 3 months. Binance do this a lot.

This is what real staking should look like to keep your project running without hurting the project, most especially new crypto projects.

Staking is a tricky scheme and I am sure it got no big differences from bitcoin's mining. All kind of staking based projects are getting failed over the time for the reason of continuous dumping by stakers but why bitcoin is coping against the dumps by miners?

So, there cannot be any wrong with staking scheme but a project must need to be potential enough to keep attracting new adapters to withstand against the selling pressure of staker/miner. So, there will be no need of limiting stakers like only 100 people can do at a time or any kind of restrictions for a true potential based project.

[WalkerIVIV]

every platforms have their own reasoning in their staking programs, some might need to make compromise so that they could attract many investments or maybe they simply just want to make their platform survive since giving humongous rewards means they gonna lose much more money from their pockets, I think something that binance could do might be impossible for the other platforms so I don't think all these platform should have unified programs instead they could present their own and make the users choose their own preferences.