Hashkings: My reasons for BUDS staking.

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(Edited)

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.

Posted Using LeoFinance Beta



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14 comments
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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.

Posted Using LeoFinance Beta

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compared to burning BUDS for MOTA.

somewhere in Jan -Feb , this will be going to be discontined.
!LUV

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Oh, I didn't realize that was happening. How would the seeds come out in the new system?

Posted Using LeoFinance Beta

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https://peakd.com/hashkings/@hashkings/change-to-the-mota-system-for-2023

MOTA has a fail in its design making in the long term at its actual configuration impossible to new seeds providers to exist and thus creating an artificial monopoly, one solution to this was doubling the amount of mota dropped each day after each year but also in the long term will cause hyperinflation on MOTA.

What's the simplest solution? Discontinuing MOTA and go full BUDS, but this can't be done instantly. To respect every HK player, changes like these have to be done with time.

On january 2023, MOTA won't be issued anymore, but will still be used to get seeds with the big difference on that MOTA will be used in burning pools, that work in a really similar way to staking thus you can choose your prefered region, burn the MOTA and receive the seeds weekly.

That process will last until most of the MOTA is burned (used), in parallel players will also have the option to use BUDS to get SEEDS weekly, at certain point of the future that will be the only way to get seeds.

It's a change that can take one entire year to be completed but is necessary for the health of the ecosystem.

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I was staking buds til I used them for IC chests
!PGM 👨‍🌾

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remaining commands 14

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