> you must stake this token to mint your own custom token.
what do these words mean, i'm offering a 1k investment for helping a brainlet out
> you must stake this token to mint your own custom token.
what do these words mean, i'm offering a 1k investment for helping a brainlet out
it basically means you put your coins up as collateral.
Yep, staking essentially means you lock them up. So you can stake your OST to mint your own token, which gives your token value. But this is mainly for companies.
It was just announced today though, that individuals can also stake their own stack of OST to earn more OST passively. Kind of like putting money in a savings account and earning interest.
Both of these types of staking will remove OST from the circulating supply, which generally moves the price up.
can I ask what vested interest you have in this coin to market it on biz like this? this is an organic shilling -- the best kind. but why exactly post about it here if you have faith in it?
I'm not great at explaining it. Definitely join the OST telegram and drop a message asking about how it works. The OST team responds quickly and they are amazing at explaining it.
I've been in since December, and I know that no amount of money on biz is gonna move the price up. So I was just genuinely interested in discussing it and seeing if other people here know about it. I never see it posted here but lately I'm not on biz.
I think that's great, and I always keep an eye out for organic threads like this. Not only to see a coin a person not in a p&d group is heavily interested in, but also because the conversation is often times informative and enjoyable.
It's basically the usual Proof of Stake method. Like OMG and ETH will use
cheers pals ill buy in fuck it
How do you feel about all the pajeets on the team? Does it make you question its potential?