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RE: Unstake SPS Early with Penalty

in #spsproposal6 months ago (edited)

@cryptoeater I'm not against this proposal but I think it needs some tweaking. I agree with @hewitt 5% is waaaaaayyyy too low. That's not even an inconvenience. Having the ability to unstake without waiting can cause massive dumping, and a negative snowballing affect on the token price. That is why unstaking over 4 weeks reduces the downward pressure of a token and spreads it out over a longer period of time as to not destabilize the price action. The point of an early unstake fee is to make them FEEL THE PAIN of unstaking early if they really want it that bad.

20-25% seems reasonable to me. You REALLY need to want those tokens, to unstake and loose 25%. 🤑 If the market pumps and SPS goes to stupid high prices, the amount of burning that will happen near the top will be legendary... AND cause a snowball deflationary event to the token.🔥 LOL