Different coins used for Tele challenges?

[williamshennie9]

Heya everyone!

So I have wondering why Stake decided to change the payouts for the telegram challenges? Remember how it used to be 0.2 eth (which was about $25), then the price of eth doubled and the prize was reduced to 0.1 eth (still around $25).

However, now it seems like the telegram challenges are denominated in USD now, but $10. This is a significant reduction in the amount of the rewards for these challenges. However, the advantage is that you can now win other coins, not only eth.

Do you guys like this, or do you think Stake should do the giveaways in only eth? Let me hear your thoughts  

[barbaris]

For me, it does not make any difference what coins give for winning the Challenges if they are equivalent to the same dollar amounts. If you plan to hold these coins in the hope of up the price of this coin in the future, then perhaps it will matter to someone.

[ceastem]

Not only that, the required crypto to win 10x the prize amount increased again as well

Maybe tele challenges are just promotions to attract a lot of people along the way. Now that they have lots of them, they started to lessen it and lessen it and maybe remove it in the future.

I don't hate tele challenges or anything since we can win something out of nothing if we want to. 

[Kate]

Well i think ethereum is enough because why not ? Almost all the exchanges accept them if you withdraw after winning the challenge and it is accepted by most people. 

[CntryBoy]

Honestly to me, it doesn't really matter which currency they pay out to the Challenge winners, after all it is essentially free money unless you are shooting for the 10x prize.  The fact that they did raise the minimum bets for the 10x prize seems to me to be a bit on the shady side since the prize is now only about 40% ($10 instead of $25) of what it was prior to the very recent change.

[arielg443]

To me, it honestly makes no difference on whether or not the Telegram Challenges only pay out in ETH or something different.
I also don't find it a huge deal that the challenges pay out only $10 instead of the $25.
I mean, sure, just about everyone would choose $25 over $10, but think about it..
There is no minimum bet requirement, so the opportunity is there for people to make something from absolutely nothing.
I've only won a telegram challenge once (prize being 0.1 ETH at that time) and most of the time I am actually sleeping when the challenges are going on (7am, my time).
I'm appreciative that Stake does the challenges and gives users the opportunity to earn something, no matter the amount/coin offered, to be honest.

[GKD09]

For me the fact that it changed to XRP and not ETH is totally fine - firstly they are probably doing it to show the new alt coin they are using to everyone and distributing some of that they have already stacked. Also, I have amounts in every coin here on Stake so it wouldn't matter for me which one comes  

The fact that they reduced from $25 to $10, is a little unattractive than before but I always play with close to 0 bet, so it doesn't really matter since I will be winning more than losing if I hit the payout and win the challenge.

I hadn't noticed it, but since you mentioned that the 10x prize min bet  has increased, I don't really understand why they did so. It is already a lowered prize ($100 as opposed to $250) and barely anyone would even try it since most challenges aren't that easy to hit. I think people will lose more if they reduce the minimum bet, and that would be beneficial for them (for the ones who have a lot of money to even try it in the first place). That's what I think at least  

[DaDude]

hmmm interesting ideas about the different coin... but honestly ill be happy just ᠎᠎᠎᠎᠎᠎᠎᠎᠎᠎᠎᠎᠎᠎᠎᠎᠎᠎᠎᠎᠎᠎᠎᠎᠎᠎᠎᠎᠎᠎᠎᠎᠎᠎᠎᠎᠎᠎᠎᠎᠎᠎to win and it can be any coin they want to give im not picky....

[williamshennie9]

On 7/6/2019 at 2:00 AM, CntryBoy said:

Honestly to me, it doesn't really matter which currency they pay out to the Challenge winners, after all it is essentially free money unless you are shooting for the 10x prize.  The fact that they did raise the minimum bets for the 10x prize seems to me to be a bit on the shady side since the prize is now only about 40% ($10 instead of $25) of what it was prior to the very recent change.

Yeah, I guess it was becoming a bit expensive for the Stake team to continue giving out $25*10 = $250 each day. The same thing happened with discord, giveaways are all hourly, now they are spread out.

[heisa]

At first i was very excited for it as i tought that XRP is really cool, now that i won a challenge and got 25 XRP  i realised its like betting dogecoin.

Ethereum is my favorite cryptocurrency and i would prefer it over Ripple.

[FotisNt]

It would be really cool if we could decide which coin we want to get credited with. I'd choose btc which I prefer as an exchange method, so I wouldn't need to convert eth into btc on an 1 eth win.

[artizykristy]

actually it wants eth or usd both of them give us an advantage because it's free but I prefer to challenge now because not many people participate and pay challenges also usually use xrp coins one of the coins that I really like ..

[here4jackpot]

Any coin it free enjoy 😉 good idea to ask 

[jualid]

I guess stake using dollar currency because the price of cryptocurrency that is increasing since a few months ago and for me it's fine, i mean stake already cost so much money for this daily telegram challenge. It's better to reduce the prize than remove the challenges completely.

[hillowner45]

I think the initial high payouts of the challenges were used as an incentive to attract the flock to be active on telegram and that they always had the intention of lowering the reward in the future. But like what said already the increasing price of crypto across all the coins most likely sped up that decision. But the challenges are free so I don't see anyone having a reason to complain.

[yololife222]

Hey, yeah i dont know why but they changed it it was so good before but not 10$ well wee cant complain is free money, Eddie could say fack you ungreatful players and doesnt do any kind of giveaways.Hopfully he changes it back thou the 10$ is too small and not enought to waste ower 1hr hunting it and still dont win.

[Aazzah]

To be honest William, I'd rather them do it in btc. I prefer BTC more than any other currency for the sole reason that I only withdraw BTC.

But I don't mind them keeping it at eth or any currency because at the end of the day it is a free chance to get some free money. Can't really complain in my eyes.

[neich]

On 7/5/2019 at 5:47 PM, barbaris said:

For me, it does not make any difference what coins give for winning the Challenges if they are equivalent to the same dollar amounts. If you plan to hold these coins in the hope of up the price of this coin in the future, then perhaps it will matter to someone.

i cant find better words. 

who cares how much the winnings are, i mean - if u win u get something free. who cares how big it is

[polor12]

well you have to considered the add coins and the each valued is different from one another.. and promoting the new coin is another thing,,,xrp. the value can differ each day.. and coin will differ also,, all depends how its doing in the market sort of.. but they have their reason to reduce the prize and its ok,, because people still participate no matter because its free coins.. right.. nobody will or cant resist or refuse free coins,. 

[cukup2]

Maybe stake held a telegram challenge at that time with the aim of attracting gambling lovers to play at a web stake, and now there can be seen a lot of players at stake. let alone when there is a telegram challenge, although there is no challenge, the number of active players at stake can reach up to 1000 users, at least over 800 users who play, so in my opinion it is natural for the stake to lower the challenge prize because their goals have been achieved.