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Should Stake launch its own token? $STAKE


timkot

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Posted

As we see many competitors in the industry has released their tokens and it significantly increased the deposit and wager amounts on their platform
Probably Stake and @Edwardshould look into it as a great potential for capturing even more market %
Using some other tools such as different Airdrops for users of other platforms or retroactive rewards will force people to move to Stake from other platforms

Posted

This is an interesting idea and certainly implementable but I think it's a also a huge burden due to volatility being a key player in crypto. How would Stake react if it's token is tanking? Will they pump more money into it? At the end of the day they might not risk their brand image.

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