Let us stake with vidulum v-staking
As you all may know by now Vidulum is a tipping app/wallet that let’s you tip on discord and even directly by sending the funds peer to peer, like any other wallet. The amazing thing about Vidulum is that in the future they will be adding more services, services like decentralized or self-custodian swaps, but one feature that is available right now is v-taking.
V-staking is a feature that let’s you stake your coins in this case BitcoinZ (btcz) for Vidulum (vdl) currency, this is great because there is no need to change our protocol which is proof of work, but we need to do is just ask Vidulum to add our project to their v-staking feature. At this moment I don’t know the cost of such services, but for my initial inquiries it seems admins at Vidulum are eager to help, once again I don’t know what the fee will be, or if our budget at VaultZ will be even enough to cover for the cost. At this moment I am just trying to see if the community is interested in such possibility.
The way v-staking will benefit BitcoinZ is very simple, those that are holding btcz at the moment are receiving nothing, but if this service is available those who are already holding may indeed remove coins from exchanges and move those coins into staking, which will release selling pressure, those that have no BitcoinZ may want to buy because now they can get some interest by just holding their position. And people who have coins at exchanges may be incentives to remove coins from exchanges so that exchanges don’t pocket the staking like some exchanges do.
Many people are interest into buying coins that stake because they see it as income, and in this world of DeFi, staking has become very popular.
This proposal is not gonna cost any amount because it is just a inquiry into the community to see if we as a whole are interested in staking with Vidulum.
You can vote yes or no.
If you vote yes and it is approve that will mean that either myselft or BitcoinZ representatives can start the process of requesting Vidulum to add us to v-staking. If this proposal passes than the next proposal will be to see if there are fees than to ask the community for funding. If the answer is no, no harm done and the staking possibility will has be ignore.
UPDATE.
I wrote to CoreyM about pricing with v-staking, and the price is really cheap.
HERE WE GO.
For $250 for the first year BitcoinZ can get into v-staking feature. This is official from the devil’s mouth.
So counting for transaction fees, taxes, price fluctuations, exchange fees, a funding of $250 to $300 will cover for the fees to add our selves.
This is the price for v-staking $300, and if you vote yes in this proposal it means that you also agree into also to contribute to collect this fee.
To me this is a deal, and I think the community should fully fund the $300 fee by tomorrow.
There you have it, that is the cost, I will ask for the details about how many coins you will have to park and how many vidulum you will get once the community fully agrees on collecting the fee for admission.
guadalupeleopard
Other
If there is anything else you’d like to share, please do so and post your comments to this proposal.
Should BitcoinZ be added to v-staking? And should Vaultz finance in full this feature?
You will be answer both questions at the same time, because both questions depends on each other as well, so both will have the same end result.
UPDATE 2.
I CLOSE THE POL.
A community member has made the pledge to pay the whole admission fee, and right now we are working into the details to make the transition.
As such you will have the option to participate into staking but since is not a protocol change you can always choice not to participate.
It has been fun posting this proposal.
I will update you all to when we can all start v-staking. Thank you.
UPDATE 3
The admission process has started and Vidulum is testing v-staking at this moment. Soon we will have even more news. I will let you all know the moment the news comes.
FINAL UPDATE.
YOU CAN START STAKING YOUR BITCOINZ WITH V-STAKING FROM NOW ON FIR A WHOLE YEAR.
After 12 months contract must be renewed. Untill that time stake baby stake.
