"Don't carelessly lock up your staking"
As a long-time member of the IBC community, which has been known for staking, I would like to express my concerns while looking at the playbook of @BioProtocol that reminds me of $VIRTUAL.
Let's be satisfied with the yapping points and cash out whenever we can.
Absolutely.
Absolutely.
Absolutely.
Anyway, $BIO is the best!
Points yum yum.
How can I earn XP in Bio most efficiently?
Currently, there are three ways to earn XP from @BioProtocol:
1. Yapping
2. $BIO Staking
3. Staking tokens from the BIO ecosystem
Excluding Yapping, all of the above methods involve staking!
So, it seems that some people are considering Yapping + Bio Staking right now, but personally, I highly, highly, highly, highly, highly, highly, highly, highly advise against it.
Why WHY?
The two photos above show the amounts I staked when virtual Yapping was hot.
At that time, I could earn virtual points by staking, and the maximum duration was about 1 year.
- Virtual 568: about $1000 at the time -> currently $680 (32% loss)
- Vader 10,000: about $300 at the time -> currently $90 (70% loss)
.........Would you still want to stake after this? Let's just Yapping!!
Of course, this loss occurred as Virtual began to decline, but not all staking results in guaranteed losses. If you carefully examine each project's system and long-term vision, staking can often serve as a valid strategy!
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