BBS tokens once unlocked, what's next?
Jan 8, 2022 5:36 AM
Last Updated : 5:20 am, Saturday, 8 January 2022 (UTC)
From the token release schedule, it is very clear there will be
- A constant incoming flow of BBS tokens upto 4 years from the date of Token launch!
- This will surely hinder the performance and most likely stagnate the prices
- The staking rewards will be decreasing over this time
- There is a huge unlock happening on the 24th month from the day of Token launch. This day will surely mark a huge dip for the BBS token as the staking reward will also be decreased significantly by this month leaving less incentive for hodlers to hodl.
What should u do then?
- On the Token generation event (TGE) about 20% of the tokens will be unlocked.
- Remaining 80% will be unlocked over the next 24 months (10% every 4 Months)
- Some portion of this initial unlock can be sold inorder to get some realized profits and rest all can be staked due to:
- Attractive high APY
- Probability of higher prices of BBS tokens in near future
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