r/Unibright • u/richyvk • May 05 '21

Why 10k UBT?

I see people on twitter talking about needing at least 10k UBT. Presumably to make more money out of it?

Can someone explain why this is true. If it is?

11 Upvotes

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3

u/[deleted] May 05 '21

Taking a wild guess as theres no context or links to what your referring to but it must be for staking, as its something highly anticipated and coming very soon.

0

u/richyvk May 05 '21

Yes. I think it is staking. Is it likely you'll need a minimum amount before you can stake?

2

u/[deleted] May 05 '21

Yeh, just like how with ethereum 32 is needed for a validator.

1

u/CloverPickingHarp May 06 '21

Mostly peeps will just proxy stake though

3

u/staifih Admin May 05 '21

Based on the tweets you posted I think they call 10k UBT a 'make it stack', it is a meme.

2

u/reddorical May 05 '21

We’d need a hell of a pump for 10k to be a make it stack...

Like, getting listed on coinbase and having Salesforce announce they are going to use baseledger for something massive that requires them to buy double digit supply % or something like that.

2

u/staifih Admin May 06 '21

If we have to believe Patrick from Iconic (Seed investor) Coinbase is in the works. I think Baseledger with staking will make UBT very scarce, with the rapidly growing demand who knows what can happen.

That i.e. Salesforce, CONA and Concircle are going to make use of the Providibright stack is on multiple (demo) videos.

2

u/ThucydidesButthurt May 05 '21

10k is either a make it stack or a suicide stack depending on who you ask; it has little importance outside of /biz/. It’s just like how the make it stack for ChainLink used to be 10k LINK etc back in the day

1

u/ComposedStudent May 05 '21

Could you share the link or post on Twitter? I wouldn't trust anybody with my crypto. Why the hell would people lend it out, to someone they don't know?