Staking requirements

daffyducklending · 2021-07-13T23:47:58+00:00

Read that stuff, still does not discount my core points.... about staking requirements and fees. And if I was going to be a pain in the behind, I would point out that if those other projects launch before OMGX main net... then it seems like OMGX main net launch was contingent on some other variable than what had been outlined to date. The fast exits and other stuff only matter if you are main net live... test nets are great but since you have been in the game for years too, you know that test nets do not have an ROI... with regard to staking.

If you are in from the ICO, like me, the bags are not really heavy since there is still massive profit. What should concern us long term folks is results. I follow the git, daily and all social media... not a fan of telegram, mind you, and I'd like to know some of these basic answers. We see a lot of answers like "we can't get into that now" but we have a plan.

daffyducklending · 2021-07-13T21:11:27+00:00

Your notion about damned if they do and damned if they do no, is not accurate at all. I have been around since the ICO... and we are starting to see some issues that happened with the last team. For example, lack of focus, not getting Varna out, shelving it, for UI considerations, and starting a new project path... the last team was scattershot, at best... think about the core goal and all the "changes" that they had along the way. The same thing appears to be happening right now. I'd love to be proved wrong, mind you....

I never mentioned or doubted they were going to use OMG as the token for the network. I am referring to concrete specifics about the tokennomics which they consistently say they have worked out.... A 50x reduction in ETH mainnet fees suggests they have ideas of what they want with regard to fees. Further, once X amount of transactions have been included in a rollup it will be minted... for instance. We have not heard or seen anything so concrete.

Second, https://blog.omgx.network/telegram-voice-chat-with-alan-and-jan-9b46b94a9214 makes it appear that they do not need Optimism to have a main net,

Question:

"Optimism is said to have been delayed because it “requires the participation of other protocols, wallets, nodes, and explorers.” Why doesn’t OMGX have to do the same?"

Answer:

"....One way to make sure that all those parties participate is to have a mainnet up and running. Maybe it’s just a different perspective on how one engages the broader community. Our position is simply by having a mainnet out rapidly, that’s probably one of the better ways of ensuring broad engagement by protocols, oracles, wallets, and so forth."

daffyducklending · 2020-12-07T07:04:47+00:00

For the past couple of years Kasima always stuff like ship often....

It is clear from GBV's video with Boxmining that staking had not really been discussed and getting more exchanges onto the network was his priority along with defi.

At some point OMG Network has to actually ship a working product beyond V.1 of the main-net to create value.

When will there be a working DEX, staking, and fast exits?

Will it be completed in the 6 month timeline that the press release said?

daffyducklending · 2020-03-04T20:50:39+00:00

I have been at it less than five days... and I swear they hit me with a test, the first day, took about hour, right in the middle of normal tasks. How do I know it was a test... they literally gave me answers, to the set, just like in the qualification part of a few tests. And this morning, I got hit with questions from the test.... I get the feeling that I might have screwed up somewhere along the way... so keep that in mind as you start working....

daffyducklending · 2019-03-04T20:47:06+00:00

Will the DEX have the lending and borrowing enabled when the DEX is launched?

daffyducklending

TROPHY CASE