Vlad's legal angle may be missing the mark(s) because he is shooting legal ammo in California, but (1) CasperLabs is domiciled in Zug of Switzerland, and the tokens only have owners in a distributed sense because they are distributed, and no USA / Canada / China peoples were allowed to buy the ICO and they only bought in the after-market post ICO.
Brock Pierce is a USA person but he is just another owner of Casper coins, much as Elon and 'his' companies own Doge and BTC.
So, I pay no attention to the legal law suit except as a human interest story, of greed, hubris, and California laws attempt at global reach w/r to matters having peripheral / tangential connection with California in that one of the folks sued is a USA person but not an officer of the distributed coin, as the coin has no officers. IOW, good luck to Vlad on his cases. His earlier case against Team Casper was unceremoniously thrown out by the judge.
His repeated legal attacks actually impart validation to Casper technology, in that he is concerned, otherwise why bother.
Should Casper (I think unlikely, and I hope it shall not happen) reach 10% pricing level of Ethereum, say $210, I would likely be very disappointed to the point of utter despondency and shave my eyebrows off, because far more likely I shall have completely sold out of Casper at 1% of current Ethereum level, say $21 a coin, that which we consider good price :0)
What a wonderful make-believe metaverse.
The big similarity between utility tokens and gold is that when we are sleeping, playing, and procrastinating, many clever people are diligently working to add merit and therefore value to our tally, and that is good.
One thing interesting about Casper, that I am ostensibly earning ~8% per annum on my staking (8% base yield less 0.8% (10% on earnings) management fee to validator group), and can go as high as 24% (very unlikely) should folks trade as opposed to stake coins.
My staking meter says have eared 7.8+% APY in June. At this rate if we stake, we should be able to 'earn' back our starting stake in dollar terms without touching our 'capital' allocated to the gamble soon depending on price of Casper and cost of our stake. The cost appears on the low side.
Not in any hurry but by and by wish to look at staking the trading account Caspers, simply because trading account now holds ~10% of all Capsers owned.
And yes, Tether, should it actually be a fraud, might shake or even pulverise the exchanges and everything traded on the exchanges if such not in own off-line wallet. The particular systemic risk does bother me.
crowdfundinsider.com
CoinList to Allow Users to Stake Casper (CSPR) Tokens on Platform and Earn Rewards up to 14% APY
Omar Faridi
July 22, 2021 @ 8:15 pm
This April, over 34,000 CoinList users reportedly bought $33M in Casper (CSPR) tokens during the Casper Token Sale that was carried out on the digital asset platform. The CoinList team noted in a recent update that they are humbled by “the size and commitment of support” from the Casper community, and are now eager to help with making CSPR “available to an ever broader crypto ecosystem.”
Beginning on July 21, 2021, qualified or “eligible* CoinList users will be able to stake Casper (CSPR) directly via CoinList and earn as much as 14% APY in rewards.
As explained by CoinList, Casper serves ss a layer-one blockchain created for application development and scalability. It aims “to support enterprise applications without compromising cost, decentralization, or security.”
Casper uses a Proof-of-Stake (PoS) consensus protocol, known as Highway, in order “to secure the network and verify transactions.” Casper rewards network participants “for helping secure the blockchain through staking.”
CoinList confirmed that they will facilitate staking for users, “for which CoinList takes a 15% fee from staking rewards.” The platform’s management reminded users that this fee is “assessed only on the rewards earned and not your principal tokens” and CoinList users that “stake their CSPR receive rewards for their contributions.”
While commenting on how much are CSPR staking rewards, CoinList noted:
“The expected rate of return at the time of writing is 13-14% APY. You will see your earned staking rewards in your CoinList wallet on a monthly cadence. Please note that this estimated APY is not guaranteed, is subject to change based on the amount staked on the network, and does not take into account the 15% CoinList commission.”
CoinList also explained how to earn CSPR staking rewards on via their platform:
“Staking rewards can vary from 8% APY (if every single token, including those not yet in circulation, was staked to the network) up to, for example, 24% (which would be the APY if one-third of all tokens were staked). You will see your earned staking rewards in your CoinList wallet on a monthly cadence. Please note that this estimated APY is not guaranteed, is subject to change based on the amount staked on the network, and does not take into account the 15% CoinList commission.” Going on to share when CoinList users get their CSPR staking rewards, the firm clarified that your funds and rewards will stay locked in your CSPR staking account until you decide to make a withdrawal. While addressing a question about whether staking rewards may be re-staked automatically, CoinList said that yes, CSPR staking rewards are “re-staked automatically and will continue to earn rewards until you unlock them.”
CSPR rewards “compound daily, but are only distributed monthly. You are only able to trade or withdraw unlocked CSPR,” the company noted.
Responding to a question about whether users have to purchase their CSPR via CoinList in order to earn staking rewards, the company clarified that No, you may deposit CSPR “into your CoinList Wallet and lock your CSPR to earn staking rewards.”
Going on to address a question about when will users be able to withdraw their CSPR staking rewards, CoinList said that you can “only withdraw or trade unlocked CSPR” and and CSPR that is “being staked cannot be withdrawn or traded.”
As noted by CoinList, you must “initiate an unlock prior to the end of the staking rewards period.” At the end of the reward period, “unlocked CSPR will then be distributed to your CSPR wallet where you can trade or withdraw.”
While commenting on who is eligible to earn CSPR staking rewards on CoinList, the company stated:
“With the exception of US and Canadian residents, anyone who is able to open a wallet on CoinList and deposit CSPR into their account is eligible for CSPR staking rewards on CoinList. CoinList Wallets are not available in all jurisdictions.”
Addressing a question about what are CSPR staking rewards paid out in, CoinList noted:
“CSPR staking rewards on CoinList are paid out in CSPR. You will not earn any additional rewards in ETH or any other currency.”
To learn more about this offer, check here.
Have a crowdfunding offering you'd like to share? Submit an offering for consideration using our Submit a Tip form and we may share it on our site! |
