With the increasing popularity of crypto currency, the consensus algorithms began to improve. If at first all projects used the PoW algorithm, then later a new version appeared - proof of the share of PoS (Proof of Stake). This means that the greater the share of ownership of the asset the user, the higher his probability of creating a block in the blockroom. The algorithm is considered new and is an environmental alternative to the proof of work, in which thousands of devices and enormous computing power are meaningless.
The Pool of Stake project creates a special decentralized ecosystem, through which users can earn on the staging of digital assets. One of the main problems of token holders with the PoS algorithm is the difficulty of earning new coins by small holders. Typically, projects set large limits for launching the PoS node, so private investors are still holding, without the possibility of earning a stake. It is important to note that some platforms and exchanges allow you to earn on the stakes. For example, Binance maintains a similar process and distributes Gas every month between all NEO coin holders. But large platforms support only popular networks with large capitalization, and investors of new projects lose their potential profit.
How does Pool Of Stake work?
Let's take a closer look at how the ecosystem works and what role the participant takes. First you need to register on the platform and choose the right coin. The user transfers the selected PoS token to a specially formed address (pool node), and in return a clever contract generates special KEY tokens necessary for further interaction with the ecosystem.
Important: The Pool of Stake node works like any other PoS node, serving the work of the block. The main difference is that the pool for stacking consists of many small pools, combined into a single whole.
To receive the reward, the user orders a payment and confirms his rights using the KEY tokens. A smart contract processes the request and calculates the reward for the stakes, which depends on the number of tokens and the days of freezing the deposit. The request for receiving the tokens is processed within 24 hours.
The order of payment is simple enough and occurs with the help of a smart contract and special KEY coins. The withdrawal of funds is carried out to the user's purse directly from the address of the node. It should be noted immediately that users can not sell or exchange KEY, because they serve only as proof of the original ownership of PoS coins.
Platform Security
If users give their own funds for storage, they should be sure of their safety. To this end, Pool of Stake develops both hardware and software security levels. Full transparency and openness of the main pool for staking will become glutinous moments of the ecosystem. All users will be able to observe the total number of coins, nagakanimi awards and without the trust of a third party to see the rewards.
The project went further and audited the smart contract. The open source software was tested for security by the partner company Maveric SA. The team also works on the hardware to ensure that the node is operational 24/7.
ICO assessment
Before the launch of the main phase of the sale of tokens, the project was added to many popular ICO listing sites. Let's look at the basic assessments:
ICObench - 4.6 / 5.0
ICOholder - 4.24 / 5.0
ICOmarks - 8.5 / 10.0
CoinDelite - 4.2 / 5.0
TrackICO - 4.6 / 5.0
As can be seen from the assessments, experts highly assess the project's chances of success. This is not surprising, because it is difficult to imagine the number of PoS, owned by investors and do not use them for stoking. Such an ecosystem will not only help to earn additional money on assets, but also increase the reliability of various networks.
Structure of the Pool of Stake ICO
Title: PSK.
Platform: Ethereum.
Price: 1 PSK = 0.30 EUR.
Dates: July 20 - September 30, 2018.
Soft cap: 2,000,000 EUR.
Hard cap: 8,000,000 EUR.
Minimum investment: 0.1 ETH.
Accepted ** currency: ** ETH.
If we talk about the prospects of the project, they are huge. Just imagine the number of users who want to earn on their savings, but they do not have enough funds to run their own nodes. In addition, it is often necessary to have equipment that will run smoothly and at the same time with connection to the global web. If Pool of Stake is able to create an ecosystem for PoS coins, the number of adherents of this algorithm will skyrocket.
It remains only to wait and hope that Pool Of Stake will cope with the promised tasks. After the end of the sale of the tokens, the project plans to release the first version of the platform in the third quarter of this year, and at the end of the year there will be a special update, in which dPoS will appear.
Website: https://www.poolofstake.io
Whitepaper: https://www.poolofstake.io/whitepaper.pdf
Telegram: hhttps: //telegram.me/poolofstake
Twitter: https://twitter.com/poolofstake
Facebook: https://www.facebook.com/poolofstake
Author: https://bitcointalk.org/index.php?action=profile;u=1636278