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RE: Unstake SPS Early with Penalty

in #spsproposal6 months ago (edited)

you prefer bots to sell 100% over 4 weeks or 95% now, with 5% going to burn?

I would have them sell over 4 weeks for suuure... @cryptoeater I think your not valuing the danger of getting "95% NOW". That creates violent drops in the price which could destroy the price action and overall health and confidence in the token/project. Imagine if the price of SPS went to $1... you would see massive spike dumps happening immediately.

A 5% slap on the wrist to see a huge dump on the charts by whales during a bull market is not worth it... now a 25% punch to the crouch... I can live with that. 😉

That is a price worth paying for potentially harming the health of the token and price action. Remember these massive dumps destroy the charts, kill confidence in the stability of the token, and in turn, bring up questions of scams, rug pulls etc. There are also optics to this as well. Both from traders, and newbies looking at the project from the outside. The charts do not only reflect the token price but the perceived stability of the project in general. VERY IMPORTANT

If you are going to allow people to opt-out... (which I'm not against) the FEE/PAIN needs to equal that of the potential negative sentiment that will be created from a whale dumping on the market.

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Or at least 10% should be a good penalty. Although higher would be better since the reason for the SPS is really the staking part and not to sell it.

The longer you make people stake SPS, the better for the game, is what I understood ever since I played the game. If the purpose of SPS is to hoard and sell then dismiss my comments on all threads.