This should be easy: Install wallet, collect Rektdrop, commence staking. Simple. Right? Well, not exactly. Not when there’s a laundry list of validators staring you down. Keplr’s dashboard shows 151 on this network alone; it’s a much. Under normal conditions, I’d comb through each, one-by-one, but that turns into a chore when you’re feeling overwhelmed. Meanwhile, the APRs on a downward spiral and I’m passing up snapshot opportunities the longer I wait. I think, forget it! Pick one (validator) from the middle for decentralization’s sake and get this show on the road.
Golden Ratio Staking was my first choice. I spent a month with them before redelegating at the suggestion of a Telegram associate. He didn’t twist my arm leading up to the name-drop, GATA DAO was a smart move and their incentives made for a seamless transition. The potential for a third source of passive income lit the fuse; auto-compounding, slash protection and consistent uptime sealed the deal. Oh, did I mention their NFT collection?
Colonial Cats are a doozy! Be honest, who wouldn’t enjoy a 17th century GATA complete with musket, tricorned hat and recurring ATOM royalties to sweeten the pot? Swing by the marketplace for a closer look. Merchant GATA, , is my personal favorite. Their space-themed iteration is equally interesting, but sales have cooled off a little since launch. At the time of writing, 10% of the collection has yet to mint despite the uncharacteristically low floor-price. I wonder: What’s the hold-up? It wouldn’t hurt to own several, if you ask me. These cats come packaged in a way that’ll pay for themselves in the future. On top of monthly epoch rewards, part of the revenue generated from new collection sales go to previous collections’ owners across the board. Sound like a nice arrangement? It should. For 4999 STARS, you can buy your very own Voyager Cat
As of August, the team has validators running on SifChain, Nomic, Evmos and Juno. According to GATA DAO’s co-founder and project manager, SIF Wassie, they’re largely the same, at least from a technical standpoint. In gist, validator secures network, network rewards validator for accurate data; that’s about as simple as it gets. Having said that, Wassie is partial towards one network in particular. Juno, he says, “is a little better for communication by the team and it has a more active validator community." With plans for more nodes underway, he’s open to new possibilities including, among others, a changing of the guard. He added: “Let's see which blockchain changes my point of view in future when we increase our validation operations.” I’m optimistic, we have a long road ahead of us, but the prospects seem limitless. For now, they have the lion’s share of my Evmos and Juno tokens at their disposal; barring catastrophe, it’ll stay that way.
If you’re anything like me, you struggle with what psychologists refer to as Choice Overload (1). I chalk it up to overabundance and poor decision-making; the theory states they go hand-in-hand. But what if changing gears on a whim is your thing? What if friendly advice, however well-meaning, was hit-or-miss and you had only intuition to fall back on? Well, the good news is there’s middle ground; it lies somewhere between impulsivity and indecision. Look for NFTs that bestow voting rights, where fungibility is secondary to governance. Look for sustainable staking incentives and reliable rewards. Look for dedicated developers within arm’s reach and a regular presence on social media. You’ll know it when you see it: The project aligns with your investment goals and you’ll be there in time for the airdrops.
About GATA DAO: GATA DAO is a Cosmos-based DAO utilizing NFTs for governance. GATA NFTs confer voting rights for owners; they have a say in the project’s trajectory upon purchase. The DAO operates multiple validators to secure the blockchain and compensate GATA owners for participation in the community.
GATA DAO Links:
Contact Details:
Company: Gatadao.zone
Contact: @Cryptopital
Sources:
1.https://journals.sagepub.com/doi/abs/10.1177/0956797614539165
