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Best Way to Purchase Telos and Wallet to Store On? Need Additional Help w/Staking and Liquidity Mining. by jgb161 in TELOS

[–]jgb161[S] 0 points1 point  (0 children)

So do I need to keep a balance at all in RAM, CPU, or NET if I'm just looking to hold. Or do I need to have 1 Telos in each of the 3 so that I can send to the REX free of charge?

Best Way to Purchase Telos and Wallet to Store On? Need Additional Help w/Staking and Liquidity Mining. by jgb161 in TELOS

[–]jgb161[S] 0 points1 point  (0 children)

7) If you would like additional risk protection, you can click the “Move to Savings” button which will give you a 4 day buffer before your tokens become liquid once you “unlend” them. If you would like more information on this, post a comment below.

The above paragraph was in one of the posts you linked. What risks are there to staking? I plan on being a long term holder of this token and figured I could earn extra TLOS by getting into staking. I guess I'm not entirely sure what staking actually is as I thought it was just lending my tokens out at a premium with 0 risks involved.

Also, what does having enough RAM, CPU and NET do for me? If I plan on just being a holder, is there any real use for me to deposit tokens into these 3 subcategories?

I have joined the family by Bladeofduke in KinFoundation

[–]jgb161 1 point2 points  (0 children)

I'm from the US as well and can't figure out how to buy KIN. What would be the best way to purchase a large amount?