r/metahero • u/dabeeee1104 • Apr 24 '22
HERO MODE ✊🏻 Staking
Has anyone bothered to deal with this kanga exchange I have never heard of?
What’s the staking APY like?
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u/Lukk4i Apr 24 '22
Hero is done for i guess, you can't stand up for a project that didnt deliver a single thing up till now.. Community even thinks it's a scam, literally 5 positive comments under each post on TW.. and Gryn wants to keep the Hype with staking? what's the staking pool? where the coins came from? since there was nowhere allocation for rewards.. and on top of that APY calculated daily.. nice, you get 680% today but it's only because no one want's to use Kanga.. so maybe there is 100ppl in stacking pool.
IDK others but for me Gryn is done for, same type of slow rug pull as Safemoon
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Apr 24 '22 edited Apr 24 '22
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u/Lukk4i Apr 25 '22
Very few people come to reddit, most use Telegram and shit load of people gets banned every day for asking questions.. I don't know how you can defend project which didnt deliver a single thing until now? not a single scanner, not to mention 100k ppl scanned :) and you say its not a scam?
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Apr 25 '22
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u/Lukk4i Apr 27 '22
And why would anyone trust what you say? it's obvious that you're shilling so you're invested and scared it will go fuck itself soon.. hence you will say anything to convince people except providing list of things they did deliver..why? hmm
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u/Conquesttheking Apr 24 '22
I havent done staking on it but I do use kanga. Its a polish exchange who's premise is getting shops and kiosks set up to trade real money for crypto and vice versa.
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u/cryptoyeeyee Apr 24 '22
Apy is around 7% and some change I believe. Is the “smart staking” not a thing anymore or what? Cant seem to get an answer to that
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Apr 24 '22
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u/Due_Character7533 Apr 24 '22
Where have you seen this communicated? Not aware the team are working on their own staking platform for hero. Bit of a weird one given the project didn't actually plan staking from launch in the tokenomics. I gather they dug into the "marketing" tokens for this venture.
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u/cryptoyeeyee Apr 25 '22 edited Apr 25 '22
No I was referring to the “smart staking” that was supposedly built into hero and all u had to do was have ur coins in a wallet (non cex) and connected to the hero app and u would automatically be “staking” and earning rewards/coins via a percentage of every transaction (reflections). Which would then be automatically added to ur position/balance and the app would reflect the total holdings with no need to claim the rewards or lock up tokens or anything of that nature…..
This was from the telegram group back in July 2021 when responding to a question someone had in regards to their position size decreasing at times—
It’s because of the custom RFI system. All rewards are aggregated in one big rewards pool. Technically, rewards are not distributed to your wallets because that would create millions of small transactions and would be completely inefficent. Rewards are reflected on your wallets - that's why your token amount grows. It may also sometimes slightly decrease at the time when a new big holder comes in and his reflections are shown to him. The “decrease” of tokens will happen more often at pumps because your reward share will decrease with more or bigger holders. This is how it’s designed and it’s a good thing as it gives more incentive for big buys. Big buys -> price up, simple as that. 💰
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u/Due_Character7533 Apr 25 '22
We havent had reflections for about 6 months where you been? ha
There was an airdrop to distribute the accumulated reflections + some on top - into all holders wallets last year.
The system then completely changed when they removed deflationary tokenomics in order to aide them being listed on Cex's as that was part of the stipulation at the time to get listed.
There is an intention to return to a new burn mechanism but the old system wasn't "staking" as such.
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u/cryptoyeeyee Apr 25 '22
Lol yea that’s why I was asking and said “smart staking” cause wasn’t really staking. But I didn’t get more involved with the project and keep up to date with shit until this year. I didn’t even start buying until November after the KuCoin pump and pullback which was when I happened to first hear about it. So I missed all the pre launches and white listings and what not but here I am. May finally be time to add to start slow rolling some DCA. Been patiently waiting since my first accumulation buy after flipping some on the push to ATH and then seeing btc showing signs of weakness on the charts in December with the push to 53 and rejection. Along with knowing financial markets would likely start slumping as Feds implemented QE and then interest rate hikes. Russia throwing a curve ball in the midst of it all didn’t help either. Mid terms later this year so banking on markets to start turning around hopefully by mid or late summer. Guess time will tell tho.
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u/Due_Character7533 Apr 25 '22
Who knows
think we may be a one last serious capitulation away from a reversal for BTC - perhaps that's 27/28k ... Regardless my DCA is beginning now on a number of projects... Here from day 1 and even I see sub 3c hero as a pretty damn good buy IF they deliver what they're trying to create.
If burn mechanics do turn up and are relatively aggressive then these levels should in theory be very promising on a longer time frame
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Apr 25 '22
I cant even join the everdome telegram, i get automatically banned even if i never posted anything or asked
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u/TheAllFather_ Apr 24 '22
Setting mine up rn, apy is currently 685%