Staking concerns - Nash team please respond

staking
(Garda) #1

During the London event last Saturday, Fabio said that the revenue sharing percentage for staking (currently at 75%) could change in the future. Fabio did not specify if this percentage would change higher or lower than 75%. My concern about this is not about Nash team but theoretically, Nash could be bought by a (much) bigger company that could decide to maximize profits at the expense of the Nex holders. There is nothing that can stop them to dramatically lower the sharing percentage which would result in much bigger profits for the company while Nex holders bear the cost making their staking essentially worthless (after the current staking contract expires).

Question for the Nash team; could you implement a smart contract of some kind that would guarantee that the 75% is the minimum percentage of the revenue sharing for at least 20 years? The way things are set up now is not in the spirit of decentralized finances since Nex staking system is highly centralized and its worth is highly dependent on the decisions of the management running the Nash company.

2 Likes
(Nicefox) #2

Nash is a registered security, and investors should have a peace of mind for that reason. This question was clarified by Nash founders during London event, not sure if this question/suggestion is relevant any more. Many companies will give the buyer options to convert if a partial/full buy out scenario happens, i don’t think everyone will make same choice

(Mao Mao) #3

Im so excited that this “buy out of nash company by a bigger company” is such a popular question these days with nash community.

All hail nash!!

3 Likes
(Eswar Maruri) #4

Because everyone thinking when main players like facebook, google comes into crypto, they look at something groundbreaking & valuable like Nash and try to buyout. I guess thats the reason people keep asking these questions. Kind of complements for Nash. :slight_smile:

1 Like
(Olu ) #5

You’re overthinking. Fabio and the other co-founders are too ambitious to sell Nash. If anything, they’ll be buying. Fabio has clarified that if necessary, they could raise additional funds through a kind of partnership, but that will not affect your entitlements as a NEX investor (would most likely increase the value of NEX). The company could sell part of its 25% exchange fees to a partner or something like that.
The Nash team is about giving back to the community and investors. They did not go through the hurdles of registering NEX as a security just for the fun of it.
To paraphrase Fabio, “unlike a utility token, a security gives you peace of mind”.