Many owners sell ICE on a daily basis as they expect little extra demand for ICE in the near future and they have no need/desire to spend ICE to upgrade wearables. This proposal incentivises ICE owners to not sell ICE, rewards loyalty and helps stabilise ICE.
Proposal:
- Introduce the option for owners to stake ICE for SHINE
- Staking ICE generates around 50% APY or another % to be set by the team
- Daily pay-out of this return will be made in SHINE (100 ICE = 1 ICE)
- No lock-up periods
Benefits:
- Give an immediate incentive to loyal ICE hodlers to not sell ICE
- Rewards loyal ICE hodlers with playing SNGs for free
- Increases the number of SNG players
- Does not cause direct extra ICE inflation
- Offers new players the option to play SNGs for free by buying and staking ICE (a very friendly, low risk, way of playing poker)
Negatives:
- Less SHINE to be bought by current owners holding ICE (probably a limited effect)