Top Tweets for #SafeMoonStaking
Actually a pretty low number of votes for this #SafeMoon poll, but I am in π―% agreement with the results!
Looks like a little over 2/3's of the voters would be willing to sacrifice a small 3% of their #SafeMoonStaking rewards to implement a system similar to #BBTFStaking, which would:
- Add to staking rewards or reflections
- Support the ecosystem
- ADD to the LPπ
- ADD to the BURNπ₯π₯π₯
#SafeMoonBlockchain
#SafeMoonEcosystem #SafeMoonGalaxy
#BlockBustersTech #SafeMoonPartners
One thing to keep in mind, is that IF they did NOT implement the 3% fee on rewards, you could actually keep the 3% for compounding or withdrawing... As you can see from my breakdown, the 3% is really just for building the ecosystem via the burn, LP, and company wallets.
K.I.S.S. - you pay a small fee to build a stronger ecosystem from your staking rewards....
The REAL QUESTION IS: Would you be willing to pay 3% for a stronger ecosystem or would you rather keep all your rewards for yourself, since we have other ways of creating staking rewards?
Did you vote? You will probably have to read the tweet it is connected to, but it is a #SafeMoonStaking poll that poses an interesting question...
Option 1: #SafeMoon compounding/withdrawals costs 3% fee (still get to compound/withdraw 97% of your rewards) and it strengthens the #SafeMoonEcosystem.
or
Option 2: Keep all your $SFM rewards for compounding/withdrawing.
One thing to keep in mind, is that IF they did NOT implement the 3% fee on rewards, you could actually keep the 3% for compounding or withdrawing... As you can see from my breakdown, the 3% is really just for building the ecosystem via the burn, LP, and company wallets.
K.I.S.S. - you pay a small fee to build a stronger ecosystem from your staking rewards....
The REAL QUESTION IS: Would you be willing to pay 3% for a stronger ecosystem or would you rather keep all your rewards for yourself, since we have other ways of creating staking rewards?
@SafeMoonSpidey I believe if we wait until #SAFEMOONBLOCKCHAIN is released,it will benefit the #Safemoon holder a lot more if we wait for #SafeMoonStaking. I say whatever is best for the #SFM holder.
I believe it will be a lot better to wait for SFM BC first to maximize SFM HOLDERS n ecosystem
Here is my post on a realistic look at #SafeMoonStaking....
Possible ways to earn rewards:
1. Being used as "gas" on the #SafeMoonBlockchain
2. Portion of the fees paid on the #SafeMoonExchange
While these are the traditional ways that #SafeMoon can provide #Staking and #StakingRewards, I DO think that implementation of a VERSION of the #BBTF #ElasticStaking would be really cool, once the blockchain/exchange are released....
How would it be different: #BBTF uses 1% from their 10% #Tokenomics to provide staking rewards. As we know, tokenomics is based on volume from buys and sells. #BlockBustersTech also has a revenue-share component that they use a portion of the revenue that they earn from their collection of companies to buy #BBTF token, which contributes to the tokeneomics and creates volume...
As, I mentioned earlier, #SFM could/would be using fees paid in "gas" and fees paid to the CEX to pay the staking rewards to the #SafeMoonStaking members, BUT they could still do the 3% fee for compounding/withdrawing of rewards... Especially if this is done on the SafeMoonBlockchain, the 3% fee COULD breakdown to something like this:
1% - staking rewards
1% - Ecosystem growth
0.5% - Burn
0.5% - LP Generation
(or something similar to the existing tokenomics structure).
But, as @Joel__Collinson mentioned, we will also have #TheMirrorProtocol coming out with a #SFM-MP, which will have staking on the #SafeMoonBlockchain too, which will also be creating gas AND generating #SafeMoon reflections.
My main point is that while we are not on our own CEX or blockchain, I think that staking rewards is premature for #SafeMoon... Instead of rushing to put out something just for the sake of saying "we have staking", we need to look at how/when staking will be most advantageous to us (the holders) and the entire ecosystem. IMO, that means we wait for the #SafeMoonBlockchain...
I am starting to see LOTS of people creating posts about wanting #SafeMoonStaking... I am assuming that this is because the the #BBTF staking that just came out this week...
#SafeMoon is not really set up like #BBTF, so the rewards would not be the same... #BlockBustersTech has 10% tokenomics on their buys and sells, which 1% is allocated to staking. SafeMoon does not have that, so we would be getting less staking rewards from buy/sell volume.
We COULD do the 3% fee for compounding/withdrawing rewards, similar to #BBTF and #MProtocol, but the rewards would be low because there is nothing to initially generate the rewards for people to compound/withdrawal.... For instance, look at the low volume on the #MirrorProtocol token, which doesn't create a lot of staking rewards from volume, so there is not as much reason for people to compound/withdrawal, so there is not much staking rewards at all...
I know that is not what people want to hear, but I am sure that #SafeMoon will have staking either on the #SafeMoonExchange or #SafeMoonBlockchain, and I wouldn't be surprised if they came up with some OTHER ways for holders to be rewarded, with #SafeMoonConnect...
Where would the staking rewards come from?
The reward tokens would have to come from somewhere and there is nothing to generate reward tokens for staking at this time. If/when staking comes, I imagine that it will come with the #SafeMoonBlockchain. BUT, I am imagining other things will be coming to generate #SafeMoon refections and other rewards too...
Hey #SAFEMOONARMY β would you like to see #SAFEMOON staking via #BBTF Elastic Staking?
@safemoon @johnkarony @BlockBustersTch @DonBaileySpeaks
I have been thinking about #SafeMoonStaking...
I have decided that I am opposed to it. There are several things I do not like about staking, primarily:
- Takes the tokens/coins out of my wallet
- I cannot see how many tokens I have
- I cannot see the value of my tokens
1π§΅
That escalated quickly ,59% are buying π³πβ¬οΈ#safemoon #safemoonarmy #safemoonstaking #bbtf #mprotocol

@ArmaanV61111605 All the (possible) stuff from yesterday!
#SafeMoonNFTMarketPlace
#SafeMoonExchange
#SafeMoonStaking
Starting to really look like it's all coming together!
@SafeMoonSpidey Can not wait to stake the lot and earn on top of my reflections! π₯©π° #SAFEMOON #SAFEMOONSTAKING
I'm looking forward to #SAFEMOONSTAKING, but I want to hear everyone's take on it. Will you be staking, and if you are, what percentage of your bag mine π― % #SAFEMOONARMY
Good morning, #SAFEMOONARMY So what do you guys and gals think π€ about the staking testing going on in the testnet for #SAFEMOON I know I will be staking my tokens as soon as it's available. How about you ? #SAFEMOONSTAKING
#SafeMoonStaking ππ§πΌββοΈ
#SAFEMOONSTAKING let's go
#SAFEMOON Staking Rewards Contract on TestNet.
π€«
https://t.co/MAXczDdNPU
@TonySemperFi03 Iβd much rather the fees from the marketplace to go to safemoon staking rewards, as opposed to the burn π
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