Oh neat. Rohan from EOS Authority just let me know a custom referral link like this: https://eosauthority.com/rex?ref=lukeeosproxy will hook people up to my EOS proxy (lukeeosproxy) when they stake their EOS to get REX tokens. Time to get your inactive EOS out of cold storage and put to good use!
If you’re not sure what REX is, go use a search engine. Having to ask another human what something is instead of our Google overlords is so primitive.
Hehe. J/k.
REX is a recently deployed system for EOS holders to safely, with zero risk, make their tokens available for others to rent. This is important because EOS tokens represent a share in the available resources (CPU and network bandwidth) of the EOS decentralized, distributed computing system. You stake your tokens in the system contract and get back REX. You can then sell them back after they mature (4 days later) for more EOS than you started with.
This is great news for applications on EOS that need resources to scale their applications for millions of users. Now these resources are cheap.
In order to use the REX system, you have to vote for at least 21 block producers or you have to set a proxy. Setting a proxy is easy as you won’t have to keep up as much with the politics of who is adding value.
Some interesting tweets to consider:
https://twitter.com/lukestokes/status/1124380658921607168?s=21
- lukestokes
https://twitter.com/chrisconeyint/status/1124206488963121152?s=21
- chrisconeyint