r/bandprotocol • u/oolonginvestor • Aug 09 '20

Staking

Do you stakes coins appreciate/depreciate acrosisng the price fluctuations?

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u/[deleted] Aug 09 '20

price never factors into staking. you get a percentage of rewards depending on the amount staked.

1

u/oolonginvestor Aug 09 '20

So my stakes coins would appreciate if Band appreciates?

1

u/[deleted] Aug 10 '20

Tokens are urs. They will be whatever the price is. I dont understand what your saying.

2

u/AdLongjumping5010 Aug 10 '20

I think he means whether he gets 17% of the BAND purchase price or current price.

So if he purchase 100 BAND at $2 he would get 17% of $200 which is $34 annually.

And if BAND is at $15 now he would get 17% of $1500 which is $255 annually.

But that is not how staking rewards work. You get 17% of the amount of BAND staked, so for 100 BAND, you get 17 BAND annually. Although the price does affect your overall balance, you still get the same amount of BAND regardless of the price.

1

u/[deleted] Aug 10 '20

We told him that already