Pool of Stake
Pool of Stake - Pool for Proof of Stake Blockchains
Pool of Stake is creating a safe pool for Proof of Stake coins, the future of blockchain. Qtum, Stratis, Universa and soon Ethereum holders can unite in the Pool of Stake and start staking together. Pool of Stake aims to operate in all types of PoS blockchains- Smart Contract platforms or blockchains with a delegated mechanism.
The main goal for Pool of Stake is to increase the profits for small stakers by enabling a trusted environment to pool funds together. For this purpose, two ERC-20 tokens are used. First, the PSK token that gives discounts an rewards withdrawal fees. Second, an IOU token that acknowledges the user’s investment. The PSK platform will provide an analytics tool via a smart i.o. database that will allow members to track, control and optimize their investments.
In this white paper, we explain the implementation of Pool of Stake and its services. We elaborate the governance vision which will be developed in the coming months to ensure that the PSK community remains fair and agile. We then present detailed information relevant for the upcoming ICO starting 20 July 2018. We conclude the white paper with a review of our current accomplishments and an overview of projected milestones.
What To Know About The Pool For Proof Of Stake?
Detail Pool of Stake Token Sale
The projects’ goal is to increase the profits for small coin holders by enabling a trusted environment to pool funds together. For this purpose, two tokens are used:
PSK is their utility token, its sold during the ICO, and it enables users to get discounts on withdrawal fees. These discounts are nothing to sneeze at, and will add up to tons of savings for anyone staking to a pool.
1. PSK – an ERC-20 based token that gives discounts and rewards withdrawal fees.
2. KEY – acknowledges the user’s initial investment.
PSK is traded freely in the markets and can be stored in any ERC-20 wallet.
KEY tokens cannot be traded. They are simply a way of declaring initial PoS coin ownership. Users can buy their PoS coins such as Qtum, Stratis or Ether in their preferred exchanges. Then they transfer their PoS coins into the Pool of Stake full node and via a Smart Contract, they get back a KEY token.
The total amount of PSK tokens on the market will be 70 Million, of which 42.8 will be sold during the ICO.
Distribution is as follows:
If the hard cap is not reached during the ICO, the number of tokens (circulating and non-circulating) will be distributed accordingly. The idea is to achieve a fair relationship between the donors, the developers, the advisors and the three founders. As such, the total amount will be divided according to the current percentage.
The Amazing Team
The team consists of 8 specialists including two software developers, two marketers and managers. The project CEO Davide Luigi Borella, who’s currently CIO of Maveric, was a coordinator and a consultant for a number of companies over the last 20 years. The project is supported by 5 advisors including Patrick Lowry, a co-founder of Node, a more than successful high-tech startup in sphere of wireless transmission devices.
Summary
An extremely focused project with a straightforward idea for those who have PoS tokens and want to be rewarded from the common token pool. An MVP is already here working with QTUM. It look like they will attract new users easily and permanently. The only minus we see is possible problems with regulations. Anyway, both short- and long-term perspective is excellent.
For more information, please visit the link below:
Website : https://www.poolofstake.io/
Whitepaper : https://www.poolofstake.io/wp-content/uploads/2018/04/Pool_of_Stake_whitepaper.pdf
Facebook : https://www.facebook.com/poolofstake
Twitter : https://twitter.com/poolofstake
Pool of Stake is creating a safe pool for Proof of Stake coins, the future of blockchain. Qtum, Stratis, Universa and soon Ethereum holders can unite in the Pool of Stake and start staking together. Pool of Stake aims to operate in all types of PoS blockchains- Smart Contract platforms or blockchains with a delegated mechanism.
The main goal for Pool of Stake is to increase the profits for small stakers by enabling a trusted environment to pool funds together. For this purpose, two ERC-20 tokens are used. First, the PSK token that gives discounts an rewards withdrawal fees. Second, an IOU token that acknowledges the user’s investment. The PSK platform will provide an analytics tool via a smart i.o. database that will allow members to track, control and optimize their investments.
In this white paper, we explain the implementation of Pool of Stake and its services. We elaborate the governance vision which will be developed in the coming months to ensure that the PSK community remains fair and agile. We then present detailed information relevant for the upcoming ICO starting 20 July 2018. We conclude the white paper with a review of our current accomplishments and an overview of projected milestones.
What To Know About The Pool For Proof Of Stake?
Proof of Stake has been considered to be state of the art in the development of consensus algorithms for the first generation blockchains. It is the new kid on the block, one you should be a part of. So you might be wondering what could be the benefit when you take part in the Pool of Stake?
The Pool of Stake offers you several benefits, the first one being the security system that is out of this world, the scale of economy, the amount of saving you will do in electricity, the Al support that will ensure you get the best investment opportunity. The benefits the pool can offer you are unlimited. You will also enjoy the best rates in withdrawal fees that you can get in the market.
The system has been designed with a proportional split that is between 0% to about 10%; this has been based on the held PSK that you have in your personal wallet. The Prool of Stake (PSK) system will do the amount analysis of the number of tokens every night to ensure you enjoy the best rates. Not only will you enjoy the best withdrawal rates but you are also able to buy the PSK in two ways, either through the listed exchanges or the ICO.
Did we forget to mention the rewards you can get from this promising platform? Every evening through the snapshots of tokens that is on the node and via the split generates a reward, based on the activities that have taken place throughout the day. Also, something you will need to note is that the PSK is the company’s service token utilized to ensure they lower the costs associated with the transitions.
The company has ensured they have put in places the needed systems to ensure your transactions on the platform
are the cheapest you can find in the market.
The Pool of Stake offers you several benefits, the first one being the security system that is out of this world, the scale of economy, the amount of saving you will do in electricity, the Al support that will ensure you get the best investment opportunity. The benefits the pool can offer you are unlimited. You will also enjoy the best rates in withdrawal fees that you can get in the market.
The system has been designed with a proportional split that is between 0% to about 10%; this has been based on the held PSK that you have in your personal wallet. The Prool of Stake (PSK) system will do the amount analysis of the number of tokens every night to ensure you enjoy the best rates. Not only will you enjoy the best withdrawal rates but you are also able to buy the PSK in two ways, either through the listed exchanges or the ICO.
Did we forget to mention the rewards you can get from this promising platform? Every evening through the snapshots of tokens that is on the node and via the split generates a reward, based on the activities that have taken place throughout the day. Also, something you will need to note is that the PSK is the company’s service token utilized to ensure they lower the costs associated with the transitions.
The company has ensured they have put in places the needed systems to ensure your transactions on the platform
are the cheapest you can find in the market.
Detail Pool of Stake Token Sale
The projects’ goal is to increase the profits for small coin holders by enabling a trusted environment to pool funds together. For this purpose, two tokens are used:
PSK is their utility token, its sold during the ICO, and it enables users to get discounts on withdrawal fees. These discounts are nothing to sneeze at, and will add up to tons of savings for anyone staking to a pool.
1. PSK – an ERC-20 based token that gives discounts and rewards withdrawal fees.
2. KEY – acknowledges the user’s initial investment.
PSK is traded freely in the markets and can be stored in any ERC-20 wallet.
KEY tokens cannot be traded. They are simply a way of declaring initial PoS coin ownership. Users can buy their PoS coins such as Qtum, Stratis or Ether in their preferred exchanges. Then they transfer their PoS coins into the Pool of Stake full node and via a Smart Contract, they get back a KEY token.
The total amount of PSK tokens on the market will be 70 Million, of which 42.8 will be sold during the ICO.
Distribution is as follows:
- 9% Taxes/ finances/ Legal
- 20% Security and tech development
- 42% Marketing/social media
- 30% Office and management
If the hard cap is not reached during the ICO, the number of tokens (circulating and non-circulating) will be distributed accordingly. The idea is to achieve a fair relationship between the donors, the developers, the advisors and the three founders. As such, the total amount will be divided according to the current percentage.
The Amazing Team
The team consists of 8 specialists including two software developers, two marketers and managers. The project CEO Davide Luigi Borella, who’s currently CIO of Maveric, was a coordinator and a consultant for a number of companies over the last 20 years. The project is supported by 5 advisors including Patrick Lowry, a co-founder of Node, a more than successful high-tech startup in sphere of wireless transmission devices.
Summary
An extremely focused project with a straightforward idea for those who have PoS tokens and want to be rewarded from the common token pool. An MVP is already here working with QTUM. It look like they will attract new users easily and permanently. The only minus we see is possible problems with regulations. Anyway, both short- and long-term perspective is excellent.
For more information, please visit the link below:
Website : https://www.poolofstake.io/
Whitepaper : https://www.poolofstake.io/wp-content/uploads/2018/04/Pool_of_Stake_whitepaper.pdf
Facebook : https://www.facebook.com/poolofstake
Twitter : https://twitter.com/poolofstake
Author:[ Rudavbintoro ]
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