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Showing results for tags 'staking risks'.
Dear reader, Hello, I have about 4.2 Elrond coins and I want to participate in the lotery for Holoride. (Ride coin) I did read that you need to stake, before you can be a winner, but I wonder how this goes. Question 1: When I go to my Elrond wallet and pres stake, I see lots of staking providers, but no Holoride. It is also not clear to me what the difference is between the staking providers.Are these projects on Elrond? How safe is staking? Question 2: After I have staked my coin, and I am a lucky winner, can I use my staked coins for buying the Ride token, or do I need to add another 200$ value Elrond to my wallet? Question 3: Does the payment of the Ride coins go automatically, or do I need to do something active. Thank you for reading my questions and I hope you can provide me with clear answers (for a crypto dummy) Kind regards, Guus von Scheven PS: I wonder how the experience with that Holoride glass is, I think I maybe would get dizzy, like when i am reading a book in a car.