I'd like to discuss a project, which is pretty exciting to me, for multiple reasons. StakeNet is a rebrand from the old POSW. They decided to change the name, the roadmap, most of the old dev team, and came up with a lot of unique ideas and concepts.
Their KEY feature right now is TPOS.
TPOS - Trustless Proof Of Stake:
TPOS makes it possible to stake your coins through a ledger (Ledger support coming in the next few weeks, POSW was ledger supported too, so they just have to change and review the codebase).
This works through merchants. Anyone can become a merchant, as long as you have a computer or a VPS running 24/7 to stake.
Through a shared encrypted key, the merchant can stake someone elses coins for a commision you both decide to agree upon. This benefits both parts. The merchants get's to stake multiple peoples coins, and will recieve a nice passive income doing so, the other part can turn off his computer, and save electricity.
Masternodes:
Masternodes are running smoothly on our network, and as I'm typing this, there is currently: 1224 nodes online. Each nodes costs 15,000 coins.
These masternodes are still fairly cheap for a project like this. The block reward is 50. Divided like this: 45% Staking Rewards / 45% Masternode Rewards / 10% for dev funds.
This means each reward is currently: 22.5 coins. The block reward will be lowered by 5 each month. So the rewards RIGHT NOW is pretty lucrative.
Roadmap:
Below is the current roadmap for 2018. As you can see, we got a LOT of interesting features coming. The most promising one is probably our 24/7 staking service. For those of you who remembers POSW, (Proof Of Stake Wallet), it was a service, where you could stake a LOT of the major POS coins through them. This saves electricity, and is a nice way to be able to shut down your PC, while your coins are safely being staked.
This service is being brought back to live this year, and this time with increased security, better design, and hand picked POS coins. This means the devs wont add "shitcoins", but only coins in demand.
Once Ethereum changes to POS, you can imagine how many who's gonna use their service to stake what they have, as it wouldn't be economically beneficial to leave your computer running for small amounts of ETH.
Last Few Words:
If you're interested in the project, you can join our Discord here: https://discord.gg/cyF5yCA. You can find me under the name: Marcdk, I'm around from time to time. We are a very friendly and quickly growing community.
This project is crazy undervalued right now (Yes, I know most projects are, especially in this bear market, but hear me out).
- Masternodes and TPOS is running, and if you check the order book on Livecoin, where we are currently trading, you'll notice that buying LARGE chunks of XSN is incredible hard, so buy slowly in case you want to run a masternode, otherwise you'll over pay.
We where just added to Coinmarketcap yesterday.
https://coinmarketcap.com/currencies/stakenet/
Announcement Thread: https://bitcointalk.org/index.php?topic=3213013.0
We have a very similar supply to PIVX, however our project is way more ambitious in terms of features in my opinion!
What do you guys think? Smiley
Disclaimer: I'm running a few masternodes on my own, so this is a biased presentation of the overall project.