" Albatross is a new proof-of-stake blockchain consensus algorithm co-created by Nimiq. It achieves sub-second transaction confirmation and peak performances of over 1000 TPS without requiring delegated staking, slashing, or compromising censorship resistance. The minimum stake is 1000 NIM only, offering everybody a chance to participate. "
The minimum stake is 1000 NIM only
I was wondering what you guys think about the minimum stake of 1000 $NIM which is $0.68 at moment of writing. Recently I began staking on a different platform. The minimum buy in was 10,000 Tokens which costed me around €650. That same token I’m now ‘‘Staking’’ is already a top 20 coin on coinmarketcap.com.
I understand that we want the barrier for mass adoption to be as low as possible. But I think that barrier of 1000 NIM minimum amount for staking can be higher.
I would suggest 10,000 $NIM. Why? Cause I think spending just under $7 to stake is a reseanable amount to begin with. The value of 10,000 NIM wil rise and over time it will be more expensive to get the minimum stake. Hodlers will be rewarded in form of a rise in value.
How do you guys think about this? Would you like to see another amount of minimum stake? For example:
- 50,000 ($35~)
- 100,000? ($70~)
- 1,000,000 ($700~)
Let me know how you think about this.