Hashkings: My reasons for BUDS staking.
Hashkings: My reasons for BUDS staking.
Hashkings is currently multilayered and multiple token games but BUDS is their central currency and heart of the whole HK ecosystem. BUDS can not only used in Hashkings but also in all the games developed by HK Studios that include Bang Defense, upcoming Arcade games, HK lotto and Infernal coliseum and paying in BUDS also give the discount of 10 to 20%.
Since I see BUDS has getting increased utility and deflationary tokenomics, that cause number of BUDS minted every month to be reduced , so I am holding and staking BUDS to earn passive income as well as having strong speculation that BUDS price will strongly increase in coming days.
Other reason is that I plan to use this income to self fund the Hashkings upgrade without putting any external money.
About my stake.
4 days ago my BUDS stake was 92293 BUDS that now increased to 92473 BUDS and it means that I earned 180 BUDS by interest in this time period. Since I harvested this week, I get 2387 BUDS and I am staking those BUDS today. After staking the BUDS my total is now 94860 BUDS.
I am hopeful to reach 100K BUDS before this year end and let see how everything goes in.
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I think the BUDS staking makes sense and I also send my BUDS over there compared to burning BUDS for MOTA.
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somewhere in Jan -Feb , this will be going to be discontined.
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Oh, I didn't realize that was happening. How would the seeds come out in the new system?
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https://peakd.com/hashkings/@hashkings/change-to-the-mota-system-for-2023
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I was staking buds til I used them for IC chests
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