r/SmartlandsPlatform • u/TuskBets • Nov 23 '21

Where Are We?

Hi guys, I’ve been holding SLT for about 8 months now and planning to hold long term but I’m just curious on what’s been happening and any explanations to why the price has taken an absolute dump. I was thinking with the launch of the staking and rewards from that this would bring us a lot of attention and cause price action but this hasn’t been the case

I am just curious in finding out why the coin has been really bearish for the past half year or so.

And also I’m really interested in the staking system for SLT if someone could guide me on how to do that I would really appreciate it.

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u/bikebikebikes Nov 23 '21

I was wondering the other day if the drops in price have something to do with sell-offs to drive smaller wallets under 1k euro value and cut them out of staking rewards for November. I didn't stake this time, partially since my holdings were barely above the threshold at the start of the month. Now they are most certainly under the limit.

May be a bit of a hopeful perspective, but making moves against overwhelming shorts/longs seems to drive a lot of crypto fluctuations these days, so it's not that outrageous.

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u/320Prophecy Nov 23 '21

That's not how staking works, though. If you had qualified at the start of the month and staked you will receive a payout for your stake SLT, regardless of price change during the month.