Can anyone please explain me why people are asking again

Question

Can anyone please explain me why people are asking again

and again for Binance staking?
I mean there is already native staking available that secures the reef network and when you stake on Binance you dont support the reef network! And regarding APY also Binance staking will have lower APY than native staking for sure. Regarding security the coins are not in my own wallet but on Binance exchange when staking on Binance. So after all this why the hell should I stake my reefs on Binance? Are people just too lazy to bridge/rebuy their BEP20 tokens to REEF20 tokens? I just dont get it... in my opinion nobody needs Binance staking at all but we just need Binance to support native REEF20 for deposits and withdrawals.
Now your turn! 😉

#cryptocurrency #de-fi #english #reef

0

11.03.2022

13 ответов

23 просмотра

βeT₳

not everyone can afford to buy 700.000+ reef20 tokens so they can be among top64 of validators with high APY (35%+). i am sure staking on Binance will not require to have that high amount of reef20 tokens, while still getting decent APY unless you stake on the other platform but you have to lock your reef for 1 year.

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11.03.2022

Marcel Автор вопроса

βeT₳
not everyone can afford to buy 700.000+ reef20 tok...

If you have low reef amount you could either use validator with higher commission (use calculator) or you could also use the Community Staking Bond. Still no need for Binance staking and I am sure the APY will be better on native ways 😉

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11.03.2022

Oxy James

Totally agree

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12.03.2022

Agus Sadeli | kolbir

we need binance staking... small amount can Put on Bond Community but not everyone want put in 1 year locked... For in Top 64 you must had big amount reef...it is struggling when you had tiny amount...thats why Community wants Binance staking... Even Apy is less than top 64 or CSB , it worth more and i will put on it... Who say Binance stake not securing Network? Binance become validator and we put on it so we just help Network too... it is my opinion, thanks

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12.03.2022

Subri Abu Bakar

Agus Sadeli | kolbir
we need binance staking... small amount can Put on...

Agree with u

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12.03.2022

Agus Sadeli | kolbir

Subri Abu Bakar
Agree with u

i critism for future

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12.03.2022

βeT₳

With other platform I meant Community Staking Bond, but I also told you that you have to lock your reef for 1 year. Binance staking will not be like that perhaps and about choosing validators with 90% commission. Who wants to stake 90% commission and mostly not more than 6-7% APY? Well I am not interested in that APY. So now you should understand why Binance Staking can be attractive.

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12.03.2022

Derek Silva

βeT₳
With other platform I meant Community Staking Bond...

What makes you think Binance will offer a higher yield? There are certainly no guarantees of that.

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12.03.2022

Daronzi Montana

Derek Silva
What makes you think Binance will offer a higher y...

I wish you could tell him this again....

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12.03.2022

βeT₳

Derek Silva
What makes you think Binance will offer a higher y...

Well I said there is a chance it will give higher yield. We don't know yet, but locking your reef for 28 days with validators that ask 90% commission and yield is around 7% is not attractive. I think everybody agree with that.

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12.03.2022

Daronzi Montana

βeT₳
Well I said there is a chance it will give higher ...

No we don't agree. I guess you work at Binance....

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12.03.2022

βeT₳

Daronzi Montana
No we don't agree. I guess you work at Binance....

Then be my guest and stake with 7% APY and 90% commission. That's up to you.

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12.03.2022