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Enchanted-Future

I have a question about sLGCY. If you choose to

stake LGCY, do you automatically receive sLGCY afterwards, or will we need to claim it manually? I'm just concerned because receiving sLGCY may count as a taxable event and be subject to capital gains tax. I'd rather not pay capital gains tax on my LGCY just so that I can stake it. If I'm mistaken, please let me know

#blockchain #cryptocurrency #english #lgcy
0

3 ответов

22 просмотра
Sig | LGCY Network | BattleVerse L1 | BitWin-

That’s a very good question. If you stake with the LGCY Finance GB then you will receive sLGCY automatically. This is an option if you stake for a year. The good news is that you don’t have to stake with them and could consider other GBs.

0
28.10.2021
Enchanted-Future Автор вопроса
Sig | LGCY Network | BattleVerse L1 | BitWin
That’s a very good question. If you stake with the...

Thanks, didn't realize it was just with that specific GB. Will people be able to buy and sell sLGCY, or will it only be possible to trade it 1:1 with LGCY?

0
28.10.2021
Sig | LGCY Network | BattleVerse L1 | BitWin-
Enchanted Future
Thanks, didn't realize it was just with that speci...

Yes, there will be a sLGCY/LGCY pair and I imagine USDL. People may need to buy sLGCY if they are short when they need to claim LGCY

0
28.10.2021

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