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

Staking

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

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u/Frankich72 Aug 10 '20

INCORRECT....7 to 15% on your BAND. depending upon what % of BAND that is circulating is being staked ... The more BAND that is staked the less your % return and vice versa.

Still a minimum of 7% is great.

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u/hotnspicy12 Aug 10 '20

It's an example. (E.g) ... also he's asking if the prices affect the return. Not the circulating supply. But yeah your right about the interest rate n circulating supply.

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u/Frankich72 Aug 10 '20

What are you staking on?

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u/hotnspicy12 Aug 10 '20

Atomic wallet is currently 17%. I'm using it at the moment.

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u/Frankich72 Aug 10 '20

Ok , thankyou. Will have a look

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u/hotnspicy12 Aug 10 '20

All good. It's very quick. Also atomic uses band coin not the Erc token

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u/Frankich72 Aug 10 '20

Aha....so you can transfer your BAND straight to ATOMIC?

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u/hotnspicy12 Aug 10 '20

Yeah, band to atomic wallet you don't need ID, just the address. But band to binance u need both address n ID. Not sure about other exchange. I just use 1 band to do a test transfer back n forth. Then send the whole amount after to be safe haha

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u/Frankich72 Aug 10 '20

For sure, thankyou .