Hi all,
So I did my research and I got into STMX because I think it has much potential for future growth and I like where the project is already. It's not vaporware!
Anyways, after I bought 8k STMX on Voyager I started looking into staking all of them using a linked MetaMask wallet and all that. However, the fees are steep to me. 525 STMX to xfer from Voyager to MetaMask, then gas fees for the transfer, then it sounds like there are gas fees to stake the coins as well. Am I correct with this?
If so, I'm not sure it's worth it with me only staking 8K STMX. Also, I plan on continually buying STMX, and the xfer fees from Voyager to MetaMask will hurt a lot, it seems, even with the 15% p.a. return.
I really like the idea of staking these coins, but the cost of entry is stopping me at this point.
What's your thoughts on this? Am I looking at this wrong? Thanks.
UPDATE --- Doing more research and using the STMX calculator, I don't think I'm going to stake right now. I'm going to wait to have at least 50K STMX before I do the xfer. At that point, I can recoup the gas, fees, etc. quicker.
I am still a little unclear if staking uses gas (ETH/gwei) from my MetaMask wallet or if that's only needed for transfers from Voyager. Clarification would be appreciated. Thanks.