I should also add that being able to unstake for 5% = bots that grind daily SPS will instantly dump them on the market daily to assure their daily earning while 100% tanking the price of SPS.
Add the fact that land is hopefully soon to be live and when that happen, you don't want people that make thousands of SPS from land daily to be able to dump them on the market as well etc.
I understand that at first glance this seems like a good idea for everyone to be able to dump on the market at their own convenience but everyone that agree right now don't seems to see the effect such a change would have on the price of SPS.
Another factor is that this 4 weeks unstaking create an extra layer of strategy for players to try and read the market and decide if they want to keep their SPS staked for extra reward and dividend or if they should unstake ahead in case there is a huge bull run in order to have those assets ready to be sold for profit etc.
In the scenario of a 1$ SPS overnight, such a dumb system would make everyone not care about that 5% and everyone and their mother would go and dump on the market, making such a run an instant pump and dump of the entire SPS while if we still have this 4 weeks in place, this prevent such a massive down pressure as the price goes up and force people to take informed decision about if it's better to stay staked or if it's time to slowly unstake in order to take profit.
Again, would you prefer bots to sell 100% over 4 weeks or 95% now, with 5% going to burn? If bots will sell regardless, so why not give them the freedom to sell when they want for a small penalty?
If SPS pumps to $1 overnight, and everyone unstakes to sell, we would have burned a LOT of SPS, reducing the overall maximum supply, creating the potential for us to pump even higher next time.
I'm worried all of your arguments are very short term oriented, if you try to see the bigger picture there are only two things a long term holder usually cares about:
Essentially, their percentage holding of SPS tokens.
The bottom line is this proposal increases the amount of SPS that can be burned, without introducing a new source of inflation of any asset, thus creating a net benefit for the ecosystem.
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.
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.
Also, I disagree on your term "scarcity" for the SPS because if SPS is really "scarce" then its price should've spiked up by now and yet it isn't and every week it goes down more.