Being in the crypto space for the last 1 year, I came to find out about Proof of Stake.
Basically, Proof of Stake is a model where you pledge your wealth or tokens to verify transactions on the blockchain or network.
An upgrade of Proof of Stake is MasterNodes (MN). MasterNodes or MN usually have a required amount of tokens or coins that is locked up.
This does 2 things:
- it reduces circulation supply.
- it gives more rewards for people that hold their MasterNodes.
Most masternodes require anywhere between $1,000 to $5,000 in investment, requires a PC to be running 24/7 and requires technical knowledge of how to set up a node.
But being a small player, with not much knowledge and I would want to spread my risk, and join a few masternodes of different coins.
BUT HOW?
Enter Simple Pos Pool. It's a Proof of Stake 3rd Party Pooling service.
With this service, you will be able to stake coins or join masternodes, without having to run your pc 24/7, without having to learn how to set up nodes, without having the hassle to check and ensure your pc is running.
All you pay is a 3%-5% fee of your rewards as a hosting fee.
Interface is clean and sleek. Support is almost instant on their discord channel and best part of this, I just need an internet connection to access my account.
HOW ABOUT WITHDRAWAL?
Withdrawal takes about 24 hrs, and an email is sent once the withdrawal is done.
If this article has helped you with uncovering a gem, here's my ref link to Simple POS Pool: https://simplepospool.com/?ref=jordentan
Looking forward to see you earn some coins!
Disclaimer: Always Do Your Own Research(DYOR) before investing in any coin. Neither Simple Pos Pool nor the author is responsible for your investment strategises and decisions.