Just as I wanted to take a break, I saw that Virtual has made a big change again, and now I can't sleep a bit.
Virtual announced in the evening that the points strategy for diamond hands has been changed again, saying that only staked tokens will earn diamond hand points.
At first, I completely didn't understand it, my biggest confusion was why those DYOR tokens that don't give diamond hand points are listed on the official website allowing staking.
It wasn't until later that @felixincrypto explained it to me that I understood, so thanks to the big guy for the explanation, it really helped me understand in one sentence.
Here, I will explain what this adjustment is about so that even if you have never played in the Virtual ecosystem, you can understand.
First of all, the Virtual platform has two parts of points.
The first part is the points automatically issued every day.
This includes points for staking, holding Virtual tokens, purchasing behavior, staking Virtual, etc. They will be consolidated and automatically sent to you, credited daily.
The second part is the diamond hand points (Diamond Hand Bonus, abbreviated as DHB).
This involves participating in the Genesis pre-sale, purchasing green-locked tokens, and after holding the tokens, you can claim diamond hand points daily on the points page. You must manually claim in the position shown in the image below every day to receive them, and they are more likely to expire.
This change affects the second part of the【diamond hand points】:
Holding to earn points -> Staking to earn points.
If you still want to earn diamond hand points, you need to stake the green-locked tokens, like the one below.
As for yellow-locked and DYOR types, similar to the one below, staking will only yield staking points, not the diamond hand points anymore.
Additionally, after staking, you need to wait 14 days to withdraw.
So tonight, after $ROAST turned yellow-locked, it directly plummeted.
While $BIOS and $WINT both rose. Why? Because they are locked for six months, and if bought and staked, the impact is much smaller.
This sudden change has indeed caused some controversy, the biggest point being that the withdrawal time is too long. For projects that are locked for half a month or a month, waiting fourteen days is practically the same as waiting for death; when you withdraw, it plummets.
As for my evaluation, friends who know me actually know that I personally don’t really like staking behavior. I only stake what I consider to be a zero-value venture, purely as a supportive action. Currently, I can only say that earning points is indeed getting harder. The decision of whether to stake has really left me in a dilemma for a long time, and I guess others are also in a confused and conflicted state; overall risk is bound to be greater.
Here are my two suggestions:
1. Staking can be done, but I suggest canceling the staking time. If that’s not possible, at least shorten the withdrawal time to within three days. Don’t let retail investors bear this time risk.
Otherwise, the current policy is too favorable for the project parties that can obtain tokens. Staking should be a choice made freely by retail investors. If the token fails and drops, wanting to leave means waiting fourteen days; by then, your heart will be shattered.
I have always believed that token trading should move towards a free market. Aixbt and Luna can reach several hundred million, and it’s not just through staking that they got there. Liquid chips are much more meaningful than forcibly immobile chips.
2. Properly reduce the frequency of changes to the points rules and confirm a version as soon as possible.
On one hand, I feel that the team’s efforts are indeed visible. In this month, they have made changes in one or two years that other products couldn’t achieve. The efficiency is indeed maximized, very impressive.
But on the other hand, the points policy has changed so much until now; retail investors may not easily keep up with such a rapid iteration speed. I myself study every day, and writing a tutorial might feel outdated in a few days.
I can only hope that it can stabilize overall and come up with a stable version.
Go Virtual!
@virtuals_io The link to the original tweet is as follows:
https://t.co/9otaMo4COC
