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NeblioTeam / Neblio-Improvement-Proposals

Neblio Improvement Proposals
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[New NIP]: Bring in a minimum staking amount #15

Open Jake2270 opened 2 years ago

Jake2270 commented 2 years ago

Proposal Description

Would actually like to see a minimum staking amount brought in. Doesn't have to be too high or could be changeable or based on dollar price, so to stake, stakers needing $200 worth of NEBL to become a validator/running a Neblio node.

Have seen many other blockchains have far higher minimum amounts needed to stake. Would this be possible or practical to implement?

Proposal Voting Details

To be discussed

Other Information

No other info

nebliodev commented 2 years ago

It is possible to have a minimum amount of NEBL needed to stake. It is not possible to have the minimum pegged to some other value such as a fiat value.

Opening up for community feedback.

MarkSamson commented 2 years ago

@Jake2270 Could you maybe share your thought about why this is useful? I can't really think of a reason to set a minimum amount of Nebl as a threshold for staking. I personally think that more nodes means a stronger network.

Jake2270 commented 2 years ago

@Mark I think a small minimum, thinking from the point of view of increasing NEBL buying. At least then a staker has to buy at least a small amount. Either that or have a burn mechanism to lower inflation, adding more nebl to supply. We need more people buying NEBL or less Nebl increasing supply.

IWantMoreDecred commented 2 years ago

just burn it like i suggested here.

https://github.com/NeblioTeam/Neblio-Improvement-Proposals/issues/16

Crypt0daz commented 2 years ago

Some kind of burn mechanism would be great, but i don't feel a minimum amount is a good idea. The more nodes staking Neblio the stronger the network is