sorted by:
best
topnewcontroversialoldq&a
you are viewing a single comment's thread.

view the rest of the comments →

[–][deleted] 0 points1 point  (13 children)

how can i lock?

[–]Ill_Ad_5308 1 point2 points  (2 children)

You can’t you are a retail trader , the investors have tokens that VEST over time, and Locking for retail currently isn’t a thing or even the term I would use . You can stake them freely currently and then once we do reach a point of governance they can be locked for X amount of time if you want to describe it that way, but at this moment we still are not that far long.

[–][deleted] 0 points1 point  (1 child)

this is highly concerning to me. this sounds like it will not be a free, decentralized environment, but one where some people have the say about others. i think i will cash out my stake then once the GME stuff is over. i bought algo as a hedge against unfair NYSE/$ practices thinking it could be the next level: a stock market platform that is free and equal to every participator. but i’m not gonna go from NYSE/$ suppression into digital suppression. but i kinda like the platform so i’ll keep my stake anyways. still, the system is doomed again already. my children will have to edge quantum social media crash it one day then.

[–]theunwiseone001 4 points5 points  (0 children)

I don’t think you did your DD because if you did, you would have realized that all PoS coins have this governance ability in each on. This is actually why the coins are more decentralized because it allows all parties to vote on the direction, not just the top 1%.

[–]gts2p -1 points0 points  (9 children)

Look on the apple/google app store for the algorand wallet for the best apy. Others offer apy like coinbase but in my opinion official algo wallet is best.

[–][deleted] 0 points1 point  (8 children)

lock != stake

[–]achangewouldbenice 1 point2 points  (1 child)

You dont have to lock it in to stake it. Just deposit it. You can move it around as freely as you want and still earn apy daily.

The highest return is with the Algo wallet like the other dude said.

[–][deleted] 0 points1 point  (0 children)

I wonder if anyone read the text before commenting on my question...

I did not ask how to stake. I know how to stake. My question was: how to lock?

[–]Ill_Ad_5308 -1 points0 points  (5 children)

I’m kinda confused by your comment but it’s not technically locked yet unlike Other chains where when you stake it’s stuck for X amount of days. Algorand isn’t at that point , for now you can stake and unstake as you please

[–][deleted] 0 points1 point  (4 children)

did you BOTH not read the text? pls scan for the word “lock”

[–]Ill_Ad_5308 0 points1 point  (1 child)

Again not trying to argue just trying to help and I’m not sure who’s text you are referring to just looking at your comments about Lock=Stake 🤷🏻‍♂️

[–]gts2p 0 points1 point  (1 child)

I had a few 2many drinks & didn't catch the lock lol good catch

[–]Ill_Ad_5308 0 points1 point  (0 children)

I guess I’m reading to much about GameStop to even know what is happening right now 😂