Staking ZIL worthy or not ?

[swogerino]

I have fallen in love with Atomic Wallet,especially their exchange function built in which can convert almost all known crypto to each other with low fees.I have also seen that they have staking as an option for many coins but I am interested in Zilliqa since I continuously add this to the wallet because I am mining it.So I decided to stake almost all my Zilliqa and after a couple of days I wanted to get the reward,to claim the reward of 2.3 Zilliqa and saw that the validator Atomic Wallet wanted a 130 Zil by default or as a minimum a 60 Zil fee,that is crazy I think.Should I wait for a lot of time meanwhile I will be adding about 500-1000 Zil per month there and hopefully once the rewards become bigger there would be no problem of claiming the rewards.

Or it will be always?

[Tytanowy Janusz]

2.3 Zilliqa and saw that the validator Atomic Wallet wanted a 130 Zil by default or as a minimum a 60 Zil fee

2.3 ziliqa is equal to around 5 cents. No surprise its not worth to take out nad fees overtakes rewards. According to atomicwallet ZIL staking tutorial you only lose 10 ZIL by unstaking.

"FIrst of all, you can’t unstake ZIL immediately after you staked it. From the moment you delegate your funds to a validator they are getting locked for 8,000 blocks (approx. 1 day). After that you can unstake ZIL leaving 10 ZIL (unspendable balance) to a validator by doing this:"
https://atomicwallet.io/zilliqa-staking

130 Zil = 3.2$ - its definetly a high fee for stake/unstake on a cheap and low traffic coins (like zil). It should be lower. At least I dont believe that network fees on network that no one is using (its not BNB. ETH, BTC) is that high.
500 ZIL per month = 12$ Maybe its better to invest in books and education to improve skills to be able to save more than 12$ per month and than start to play with investment tools?

[swogerino]

2.3 Zilliqa and saw that the validator Atomic Wallet wanted a 130 Zil by default or as a minimum a 60 Zil fee

2.3 ziliqa is equal to around 5 cents. No surprise its not worth to take out nad fees overtakes rewards. According to atomicwallet ZIL staking tutorial you only lose 10 ZIL by unstaking.

"FIrst of all, you can’t unstake ZIL immediately after you staked it. From the moment you delegate your funds to a validator they are getting locked for 8,000 blocks (approx. 1 day). After that you can unstake ZIL leaving 10 ZIL (unspendable balance) to a validator by doing this:"
https://atomicwallet.io/zilliqa-staking

130 Zil = 3.2$ - its definetly a high fee for stake/unstake on a cheap and low traffic coins (like zil). It should be lower. At least I dont believe that network fees on network that no one is using (its not BNB. ETH, BTC) is that high.
500 ZIL per month = 12$ Maybe its better to invest in books and education to improve skills to be able to save more than 12$ per month and than start to play with investment tools?

I read thoroughly the documentation and that fee is static even for huge amounts of ZIL which I intend sending to this wallet as I said,about 20.000 ZIL in a year should be a good start I think.I can make much more than 20.000 if I invest also money from my own pocket and the 15% "interest" is a huge one,no need for education books on finance to know that this is a good deal.No bank pays you 15% interest for a year.

[JeromeTash]

I have mixed feelings about this. All this staking is in hope that the coin does not continue tanking or at least in the next bull run it achieves a new all-time high is which is barely likely for such once very promising coins otherwise that 15% yearly yield you are looking at now won't make sense if you value your returns vs USD after a year and the coin price has dropped further.

Let say bare minimum was 20,000 ZIL, that's yearly profit of 3000 ZIL. At the current price, not quite appetizing personally, but if the price of ZIL goes up, then that would be good. So it's your call to make.

[klidex]

I myself used to stake quite a lot of Zil tokens because it had a pretty good price and opportunity at that time and when the price went up I was still guided by my principle that Zil can give me a big profit because there is the support from the bear market condition makes me have such high confidence.
But all of that was just a fantasy of my mind because after the market experienced a decline, Zil actually joined in following market conditions which made my belief and greed a big loss hole.
From there I learned that staking without further research and prioritizing faith and greed will only make us lose a lot of money.

[Xal0lex]

I like Zilliqa project. It can be seen that the project is not dead and is popular with investors, in 2021 showed a new ATH, which also indicates that the coin is not dead. These are good times for staking as the coin is at the bottom and one can buy into a long term hold and immediately put into staking for additional income.

[swogerino]

I like Zilliqa project. It can be seen that the project is not dead and is popular with investors, in 2021 showed a new ATH, which also indicates that the coin is not dead. These are good times for staking as the coin is at the bottom and one can buy into a long term hold and immediately put into staking for additional income.

That is what mostly drives me in trying this,I already did 600 staked Zil so far and I plan to add weekly like near 600 or 2500 monthly without investment from my own pocket,only mining doing this.If the price of Zil goes to the all time high of 0.276 and if you get like for example 5000 or more Zil is a nice price to get for the new year at near 1500 dollars.Of course the higher the number of Zil the better.That is what caught my eye and I started right away,sometime even when I win my bets in sport betting I add like about 300 Zil so I have started with a lot of enthusiasm here,I will keep this thread open and not lock it to talk about such staking,how it is going.

[blockman]

That is what mostly drives me in trying this,I already did 600 staked Zil so far and I plan to add weekly like near 600 or 2500 monthly without investment from my own pocket,only mining doing this.If the price of Zil goes to the all time high of 0.276 and if you get like for example 5000 or more Zil is a nice price to get for the new year at near 1500 dollars.Of course the higher the number of Zil the better.That is what caught my eye and I started right away,sometime even when I win my bets in sport betting I add like about 300 Zil so I have started with a lot of enthusiasm here,I will keep this thread open and not lock it to talk about such staking,how it is going.

Good luck with that choice, if you're doing it steady as we're about to come with the bull run I think that's a good plan of yours. Zil is still part of the top 100 and with that enthusiasm that you're saying then it's good that you're doing it with a nice approach and plan.
I don't want to say something negative that's basically going to give you a bad mood but it's not bad at all, it's like the typical recommendation that we used to say and here about investing you can afford to lose. 

[swogerino]

That is what mostly drives me in trying this,I already did 600 staked Zil so far and I plan to add weekly like near 600 or 2500 monthly without investment from my own pocket,only mining doing this.If the price of Zil goes to the all time high of 0.276 and if you get like for example 5000 or more Zil is a nice price to get for the new year at near 1500 dollars.Of course the higher the number of Zil the better.That is what caught my eye and I started right away,sometime even when I win my bets in sport betting I add like about 300 Zil so I have started with a lot of enthusiasm here,I will keep this thread open and not lock it to talk about such staking,how it is going.

Good luck with that choice, if you're doing it steady as we're about to come with the bull run I think that's a good plan of yours. Zil is still part of the top 100 and with that enthusiasm that you're saying then it's good that you're doing it with a nice approach and plan.
I don't want to say something negative that's basically going to give you a bad mood but it's not bad at all, it's like the typical recommendation that we used to say and here about investing you can afford to lose. 

Thank you and even if someone would keep saying bad things about it,I don't think I will be impacted,I don't think Atomic wallet is going to disappear which is the real only concern that I have to lose my Zils,so since this wallet has the 12 words secret it means that I can reincorporate into other multi crypto wallet that uses the same technology and have my Zils there,so I think I am worry free from this part.

I am only investing like 25-100 dollars weekly which for 52 weeks is a minimum of 1250 dollars up to 5200 dollars investment,something I can afford to lose and be happy with the result of my experiment back then,the only thing I don't know if I will have is patience,I usually most of the times don't have that much but here I am committed to bring this experiment to the end,it is also my new year resolution as they say  .