sure bro no hard feelings. Hope they resolve this for us. Thank you
I appreciate the understanding. I highly value your input as a long term and avid TRON supporter and I hope to help resolve
I appreciate your time in analysing all the concerns that I raised and I agree with you that the SRs have a plan on the recent proposal and how those plans could be a bullish one for the Tron ecosystem in the near future (with the consistent high burn rate we have been recording so far) but I think those plans are not implemented in the best possible ways.
Increasing the transaction cost because institutions are using TRON to move funds will only hurt new and potential investors who may not have the capacity to transact in a large volume of funds. And with this in place, the policy would have succeeded in serving as an instrument that chases these emerging investors to other blockchains with lesser transaction cost. And itâs worth saying that these people being chased away are TRONâs real investors, as the institutions that move their funds with Tron are usually not interested in what happens to the project. The only thing they does is to move their funds with the Tron blockchain and because they do this in a large volume of funds, they may not feel the price impact they pay in processing these transactions.
In as much as I do appreciate the great efforts of our SRs in shaping the future of the Tron ecosystem, I really do hope that they reconsider their position in the staking lock period and make a little adjustment to it (to maybe 3, 5 or 7 days maximum) to keep these users enjoying the benefits of the Tron ecosystem.
The JustLend foundation may not have launched their energy market to hurt community projects as you said here, which I still share a little in same view but like I said before, they may have launched the energy market to protect the community from being exploited by some bad actors, but launching an energy market is not the best way, IMO, to achieve this. They shouldâve move into collaboration with some of the projects that has been carrying out these services in good conduct. By doing so, they will be encouraging them to keep developing, and as well, be supporting the developers and motivating other emergent developers to build projects that have the potential of solving a real life problem.
This is a very nice topic and after reading through all the comments i can see the grievances raised by my noble men about the stake 2.0, specifically the locking period.
We should ask ourselves, are there any benefits to be derived from this locking period?
It is said the 14 days will make the system more efficient, less complex, it will increase price stability and give the blockchain the needed security it deserves.
If that be the case then the locking period is worth it. Again this longer locking period has introduced another means of creating a great revenue for the community.
Taking the TronNRG energy marketplace for instance, those who canât wait for this 14 days can swap it as quickly as possible for a very small fee. And the community can capitalize on this to create dapps where people can provide liquidity to enjoy profit from these fees.
If you look at it carefully, at first when u stake, u canât unstake it that very day, u will have to wait for three days before u can unstake and then wait for another three days to withdraw but with the stake 2.0 u can stake and unstake at the same. Which to me gives a whole lot of flexibility.
So i beg to differ, for the greater good the stake 2.0 is the real deal. I know people will think otherwise but everyone is entitled to his or her opinion.
Also for the JustLend Energy market, at first i hated that move but after careful examination, i have come to a conclusion that its the best decision ever and the small investors like us has to embrace this move by JustLend.
If JustLend is selling energy at the same market price like the other energy markets then i dont see them stealing anything from anyone, but rather they are here to make sure there is check and balances.
Now let me tell you a story. In the school where i teach, we have like ten places where sachet water is being sold, the sellers of these sachet waters were increasing prices of their water on a daily basis making it very difficult to buy from them, but because we had no other option, we bought these high priced cold water just like that.
One day the school authorities sat down and said they will also want to sell sachet water in the school, they were not going to stop the other ten sellers, but they will add theirs to make it 11 sellers and they can all coexist in the school. These ten sellers didnt like the idea and even tried not to make it possible but their plans failed.
The school started theirs and for two years since it started, the price of water has been stable, though the other ten have tried to increase their prices, but when they do, we dont buy from them, we buy from the school authorities own. And when they see that people are no longer patronizing their sachet water, they reduce their prices to the same price as the schoolâs own.
Come to Ghanaian market, you can get 200 people selling the same item in the same market at the same lane and at the same time. Your services will determine if people will buy from you or not.
JustLend is here to serve the same purpose, if your services are not good, if it has been your intention to exploit the community members then remember JustLend is just a click away. Thank you
Hello @Nana66419 thank you for joining the conversation!
I agree while the 14 day unlock period does restrict users it also helps protect the TRON network as a whole. Thank you for also highlighting TronRNG. This is a great Community project that has taken steps to help reduce the 14 day un-stake period for users.
I enjoyed reading your story and feel there is a great message there. There will always been competing products but the service is good this is what people are drawn too. I believe the Community will make choices based on the best service
I hope this week sees you well and thank you for adding your thoughts
Can you talk more on this because I donât think that I remember any system that does this. Before Stake 2.0, I do stake through Tronlink and Klever wallets and have to wait for 3 days to unstake and after that, withdraw instantly. There is no other 3 days awaiting withdrawal for me
true, at first you have to wait for 3 days after staking, so you can withdraw instantly any day after that 3 days.
and I know 2.0 changed that 3 days to 14 days and after that locking period I can withdraw instantly or?
I have mine staked and havenât tried unstaking it
And regarding your stand on JustLend energy market, I agree with you on that analysis and have equally pointed that out but just like i said in my earlier comments on this, there are other better alternatives to this. Using our polity to present this further, itâs not everything that the government venture into, there are some certain things they allow the masses do while they serve as regulatory agencies, which in some occasions, through partnerships. JustLend can monitor the market and ensure that some bad actors donât exploit the community through some support and partnership with the projects that have been proving their worth. And if venturing into any possible industry is the only way JustLend could protect the community from the bad actors, they should equally create a JustLend NFT because most of the community members have lost fortune in NFTs (and will continue losing fortunes in it) than in the energy market.
@Nana66419
Yes, after the 14 days, you withdraw instantly. There is no other waiting days aside the 14 days locking period.
after getting some clarification on the 14days locked period, I have to add some bad bad decision to what I have already said. The current locking period is different from the first one. This 14days locked period starts after clicking the unstake button. How? Which means it does not start at when you stake like what it used to be
En primer lugar se tendrĂĄ que comprobar si se obtiene algĂșn beneficio en este periodo de bloqueo, ya que debe pasar un tiempo para poder averiguarlo.
En el caso de ser asĂ, el usuario que estĂ© de acuerdo con este periodo mĂĄs largo tambiĂ©n desearĂĄ ver unos beneficios mĂĄs altos, asĂ es como normalmente funciona el Staking, se dan diferentes periodos en los cuales lo mĂĄs largos son de mayor ganancia.
En mi opiniĂłn se deberĂa realizar diferentes periodos de tiempo, dejar 3 dĂas para las personas que necesitan esa energĂa o moneda, 14 dĂas segĂșn nueva estipulaciĂłn y permitir periodos mĂĄs largos con mayores beneficios lo cual harĂa que tanto ganara la red como los usuarios.
Es cierto que a nivel comercial siempre existe la oferta y la demanda, nadie en ningĂșn momento ha hablado de abuso por parte de JustLen.
Y al final de todo los usuarios buscan unas mĂnimas garantĂas de servicio, siempre es positivo que haya los once vendedores, la competencia es buena para un negocio.
Lo que proporciona la competencia es la elecciĂłn de cual a cada uno le sirve para sus propĂłsitos.
Gracias.
Yes that is it⊠it starts the moment you clicked the unstake button
Maybe you didnât understand my earlier point. Your timer start reading the moment you click the unstake button and you can stake today and equally unstake today but will wait for the 14 days to withdraw
Hmmm which is very bad, as @antonio saidwe have some sites providing staking APY based on the number of days locked but this is not like that.
Old Stake:
- You stake today and unstake in 3 days time, then withdraw immediately.
Stake 2.0
- You stake today and unstake today too but will wait for 14 days to withdraw your $TRX
Sure brother, I thought they just changed the periodic from 3 days to 14days not knowing it is even after you click on the unstake button. So you can stake for years and still have to wait 14 days after clicking on unstake hmm⊠we the small bag holders will suffer
Under stake 1.0
When you stake today, you cant unstake that very day, or even the day after, you will have to wait for three days before you can unfreeze and it is after this three days unfreezing that you will have to wait extra three days to unstake.
You might not have experienced this because maybe you always unstaked after a week or two or even after a month. I dont know if i am making any sense though.
But when you stake and leave it for a week u will never feel what i mean @Youngyuppie
Personally it does not make sense, but why will I stake and unstake the same day. Thatâs shouldnât be an exciting feature meanwhile you have to wait for 14days. thanks to @TronNinjas for coming to our aid and even that comes at a fee
Ei tron