Staking projects are not risk free! this is what could happen!!

LuckManFx said:

In recent times, many opportunities for investors has spread with a bit of underrated strategies like Launchpool, launchpad, Poolx and candybomb events.
This is my opine; I learned the risk involved in staking your crypto assets includes price deflation, CEX hack and extended lock duration etc.
But it’s varies when using different CEX platform without security and integrity with their products.

Now I’ve been waiting for the TGE of $OBOL network which aims at improving proof-of-stake in blockchains and finally it’s here on the 7th of may.

It’s seems only bitget announced some rewarding events yet with over $1M OBOL in Launchpool and 120k OBOL in candybomb.

I’m looking at staking for 5days to see how much OBOL I can earn here— what’s your price prediction for $OBOL?

Click to expand...

sariona said:

Seen two threads on this page about OBOL so I decided to make some research, learnt it's about decentralized staking at scale and a lot of tq exchanges have announced listing. Bitget, Binance, bybit etc. what launchpool are you staking in?

Click to expand...

motifxf86 said:

OBOL is worth to invest. Just keep deep research. Not going to big invest in first time

Click to expand...

Nyvra said:

For $OBOL, short-term price after TGE may range $0.10–$0.25, depending on market hype, liquidity, and demand.

Click to expand...

nidoke said:

There’s no such thing as “risk free” when it comes to cryptocurrency, there’s less risky and straight up gambling - staking platforms have been known to become insolvent in the past (Celsius for example) so it’s bound to happen again. If there’s anything I’ve learned from being in this space for years it’s there’s no such thing as “too big to fail” when it comes to any sort of centralized platform.

Click to expand...