I copied and pasted my text from another string for it speaks on this string as well…
Okay, my issue with the whole Node orders being suspended is not so much that it was suspended for well it can be I guess started back up at some future date when the logistics permit. The issue that I have with the whole pnode, vnode, funded staking, and self staking is this…As we all know the pnodes were sold with the premise that they were funded by Incognito and well the purchaser of the pnode could upon taking possession of their pnode change the status from funded stake to self staked and well if they then decided to revert the process once more they could go from the self staked status to Incog funded stake by simply reaching out to the powers that be at Incognito…Now that was the policy at one time and the policy was suddenly changed to that once you unstaked a pNode from Incog funded staking status to a self staked funding status you could no longer reverse the process back to Incog funded stake status as you could at one time. Now ironically take note that this change in policy took place shortly after the firing of the growth team and even more specifically the letting go of @Peter…those of you who have been around for a minute know that Peter handled a lot of the pNode matters, which I believe included following up with sales of the pNodes and doing transfers of key assignments to pNodes that had been sold in private transactions between parties…something that as well is no longer supported by Incognito…It seems to me that Peter basically handled a big part of the project, meaning the logistics behind the pNodes, basically, he was the point person when it came to the pNodes, and well with his sudden departure that seems to have all fallen apart. So here we are with some members having unstaked their pNode and now wishing to have Incog restake them for they cannot at this time self stake their pNodes for whatever reason they individually might have and well the current policy being what it is it will not be done. So basically as one member put it…unless they self stake their pNode the pNode basically will be an overpriced paperweight.
Now as stated some of the members for whatever reason do not have the 1750 in PRV that is required to self stake. There arises for me the second issue. The amount required to self stake a node…period…whether pNode or vNode…1750 PRV at let’s say $2.50USD per PRV would cost the owner of the node $4,375 USD to stake a node whether it be pNode or vNode. Now I do not know about the rest of you but that is a pretty penny to come up with, to begin with, aside from then having to tie up said funds in said pNode or vNode. Now when this project first began I believe their was no self staking as to the pNodes at first…but subsequently there was a change in policy and self staking was permitted as this post by Peter in March of last year clearly states and I quote:
Peter
Mar '20
Hi everyone, you can use your own 1750 PRV to stake for the pNode from today.
Also see: You have an app update: 3.6.3.2
Now if we go back and take a look at the price of PRV at that time…it was in the ballpark of about 0.55 cents per PRV…so 1750PRV at said price comes to a total of $962.50USD. Today’s price is wayyyy more than what it cost in March of last year to well basically put up the required 1750 in PRV that is needed to self stake a pNode or a vNode. Anyone having had the good fortune of having been around in those early days of the project and self staking pNodes or vNodes at that time has made out like a bandit. The question to ask then is the funding amount based on a dollar figure or a prv figure. How was the initial amount of PRV required to self stake determined, and does that amount in any way take into account the price of PRV at that time? Does the subsequent price change in PRV since then have had a possible effect on the required amount of PRV needed to self stake and if not, why not?
So having added my two cents to this string I would appreciate input or a response from the powers that be at Incognito and well anyone else’s opinion for that matter. In the meantime stay frosty and go Incog!!!..