Pichi 🟪 🍡🌸
@pichi
FYI, apparently we all have a token via @stackdotso so you will see $PICHI on Base. This is new to me, it was created for me (aka I didn’t initiate this) but I’m willing to try all the new things. But I also have $PICHI as a Hamcaster token (part of the Ham /lp ecosystem) and I chose to deploy this because I’m all in on anything @deployer builds. https://hamcaster.com/token/234616
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@lenonmc21
I saw some time ago also my own token in "Stack", but I also have no idea how it works, in the sense of how much is the supply, how many tokens were created and this. On the other hand, if I like the $PICHI token in the Hamchain, but I don't understand how it works, if for example I have your $PICHI tokens on Hamcaster, you can only stake these on your own token to earn rewards on HAM, is that how it works?
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Pichi 🟪 🍡🌸
@pichi
For Hamcaster, we both have to take action. As the creator, I had to lock my own tokens for 2 years. This created weekly bonuses for anyone who holds my token and proves I’m in for the long term. As a buyer, if you “stake” my tokens, you get daily rewards but you also get big weekly bonuses because I lock my tokens. You can use https://hamscout.ham.cooking/ to see your rate of return on my tokens. It’s a good way to earn more Ham passively. It’s complicated but worth playing with.
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@lenonmc21
Yes, I think in the past you gave me some tips on your own token, but I don't see them anywhere, so yes, your tokens can only be staked on yourself, that's great. Now if I wanted to create a token, I have read that I need to have Allowance in HAM or enter Tn100x for my token to be attractive for staking, is that right? If I don't have allowance is it not worth to create it yet? Another thing, if they do Staking on your token, do you get rewards?
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Pichi 🟪 🍡🌸
@pichi
Correct. If you don’t have an allowance, your rate of return will be pretty poor. I have connected wallet issues so my tipped tokens didn’t work. It’s a huge frustration for me. Right now I have degen staked in two wallets. Once they unlock, I will be able to remove the wallet causing issues and hopefully be able to tip my token again!!!
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