Idea & Token
The Proof of Stake (PoS) verification mechanism is changing current Proof of Work (PoW) as it is more efficient in a number of factors including electricity and requirements to hardware. With its simple rewarding scheme, more and more users want to stake their coins into a validation node. At the same time, users with small amount of coins have disappearing chance to be rewarded. What is more – the hardware requirements are still high and the node must work 24/7. Pool of Stake is going to resolve the problems of users with small stakes by creating a pool of stakes. Every user will be rewarded proportionally to the stake provided. The reward size will be calculated every day. 2019 is expected to be the year all of the main blockchain players will move to PoS mechanism. By that time Pool Of Stake is going to grow to the biggest staking pool for PoS. Users will be able to control and manage their investments transparently and safely. The project will also has a voting mechanism for users to influence the pool development.
The project will have two tokens:
– An ERC-20 utility token called PSK that will be used for the ICO and will allow users to get discounts on with drawal fees.
– A token called KEY that will be used as a proof that PoS tokens were stacked into the pool. Users will get KEY after transferring coins to Pool Of Stake. The KEY tokens cannot be traded.
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.
A total supply is 70 million PSK tokens. The token distribution is as follows: 42% – marketing and social media, 30% – office and management, 20% – security and tech development, 9% – taxes, finances, legal.
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.
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.
Have some PoS tokens and want to get passive income from them? Pool Of Stake will give you that opportunity.
Pool of Stake ICO datesexport to calend
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.