1.1 k
views

StackOfStake: Simple and Efficient Staking and Masternodes Platform

The cryptocurrency sector has significantly grown since the introduction of the first coin, Bitcoin, in 2009. Today, there are thousands of cryptocurrencies in existence, although bitcoin is still the industry leader. The crypto industry is reportedly attracting more millennials who have greater access to the internet and smartphones. Trading has been their major attraction and is still a significant incentive to many towards the industry.

However, most coins initially operated on energy-inefficient consensus algorithms, and this poses a threat to the environment with the growing interest in trading. Such coins work under the proof of work algorithm to verify transactions, making them slow and unreliable. Luckily, new coins are coming up to solve this challenge by utilizing the energy-efficient proof of stake consensus mechanism to validate transactions. Investors only need to hold these coins on proof of stake platforms like StackOfStake and wait to earn incentives. 

About StackOfStake

StackOfStake is an automatic staking and masternode service launched in April 2018. Initially, it served as an instant and automated shared masternode investment platform for the SCRIV community. Months after its launch and successful operation, it expanded to a platform that offers a masternode service and a staking pool, cryptocurrency exchange, API, and mobile apps services. Investors can stake different blockchain projects and earn a passive incentive.

Currently, the platform supports more than 50 cryptocurrency projects, including SCRIV, KYD, Escrow Coin, MONK, DASHD, POT, XGS, BPS, SMART, BC, Divi, POLIS, ESBC, MIDAS, SCC, Energi, Reddcoin, Rapids, Nebulas, Neblio, NavCoin, etc. Each of the projects has different staking rates.

How Does StackOfStake Work?

As a masternode investment platform, StackOfStake works by running masternodes that allow users to earn rewards on their stakes. A masternode refers to a server on a decentralized network that keeps copies of blockchains in real time. It completes unique functions and has the capability of executing instant and private transactions. Anyone can run the masternodes, although the stake serves as the barrier. Users must stake an amount on which they earn rewards based on the set interest rate. 

Any amount can be deposited and earn incentives, but larger amounts mean more reward. The stake ensures that masternode owners do not cheat the system because they have a stake in it. Attempts to corrupt are punishable by devaluing the owner’s holdings.

Most coin holdings come with different reward fees that range between 5% and 40%. The staking pool of the StackOfStake platform is the masternode reward infrastructure, and investors receive incentives automatically in their wallets. The new balances form the stake for the next reward cycle. Investors do not need to do anything after their first deposits as the masternodes run automatically with the available balances. 

How to Deposit and Withdraw on StackOfStake

For those not signed up yet, go to the StackOfStake homepage and complete the form. Enter your email and create a password. You can also signup through social media accounts like Facebook and Twitter, or using google account. Agree with the platform’s privacy policy and terms of service, and click on ‘start investing.’ Go to your email inbox and click on ‘Activate now.’

stackofstake homepage and registration process

To deposit, sign in to your account and find ‘Explore’ and choose the coin to invest in on the dashboard. You will have the option of making a direct deposit or exchanging Bitcoin for the chosen coin supported by StackofStake. For direct deposits, send the selected coins amount to the deposit address. The amount will appear on the platform dashboard. There is no minimum amount for deposits.

To withdraw, you go to your selected coin on the dashboard and click on withdraw. Fill the number of coins you want, and paste the wallet address at the tab below the amount. Refresh the page to see the pending status, wait for a few minutes, and complete the withdrawal. There are no withdrawal fees. 

How Do I Earn Rewards?

At StackOfStake, rewards are automatic and only require the first deposits. All you need to do is choose your preferred coin and make the deposit. Once the deposit transaction confirms, you can begin earning your passive incentives. 

StackOfStake Application Programming Interface

Application Programming Interface (API) refers to a communication protocol between a user and a server. It allows for the integration of different StackOfStake services by abstracting underlying processes to expose only what the user wants.

The platform integrates both Public API and Partner API. Partner API is the most advanced and the best facility to earn with StackOfStake. It allows for the management of multiple digital assets in terms of deposits, withdrawals, incentive earnings, and balances. 

Public API integration allows for the development of applications for personal use, or for those planning to engage the platform in decentralized finance. Users must first register with StackOfStake and generate their API keys. The API keys vary in types, and owners can use each of the keys in different scenarios. For example, users can have a deposit for savings app in which their balances get diversified into different ways of receiving passive incentives, including the platform’s stakes. 

 StackOfStake Express Trade

The StackOfStake platform incorporates Express Trade, a cryptocurrency exchanger that allows users to exchange bitcoins for StackOfStake coins and vice versa. 

Benefits of StackOfStake

The platform allows its users to enjoy the benefits of: 

  • Automated operation with an auto reinvestment feature
  • Instant masternode joining and investment
  • No minimum deposits or masternode entry-amount
  • Express trade cryptocurrency exchange
  • Immediate withdrawal at zero fees
  • Users receive rewards even on the smallest stake amount
  • StackOfStake API and Mobile application

Conclusion

Bitcoin live price
Btc
Bitcoin
$29.372
price
2.92745%
price change
BUY NOW

StackOfStake provides a platform where users begin to earn from masternodes even before they have a full node. One coin is enough to start earning. The compound interest accrues on your stake, and the subsequent incentive gets compounded from the total amount after the previous reward. Rewards do not come from one node, and this secures StackOfStake as the platform for ultimate shared masternode experience. Rewards come from every node based on the ratio of your coins to the total number. 

Stay up to date with our latest articles

More posts

RodeoCoin – Supporting the Western Lifestyle through Crypto

RodeoCoin is a hyper-deflationary token running on Binance Smart Chain seeking to reward its active users with BUSD reflection rewards. The project’s ultimate goal is to build a Community Wallet supporting the western lifestyle and community-oriented initiatives, including promoting talents in art, sports, and music. This short RodeoCoin review looks closely at one of the most recent projects to surface in the market. Read on to discover its features, tokenomics, and roadmap! What is RodeoCoin? RodeoCoin evolved from a group…

Shazu – Channeling the Ninja Abilities within NFT Collectors and Crypto Enthusiasts

Shazu is a community-driven project featuring a deflationary token, SHAZU, and a collection of unique Ninja NFTs. Its goal is to help users increase their financial freedom through reflection rewards, staking opportunities, and digital collectibles. This short Shazu review looks closely at one of the latest projects to surface in the cryptosphere. What is Shazu? Shazu is a project seeking to grow through its community while rewarding its members at the same time. It features a deflationary token on the…

WinWinCoins Will Make Crypto Trading More Accessible for Everyone

WinWinCoins is an innovative blockchain project providing a next-gen AI robot trading solution to help investors increase their profits. Its goal is to build an advanced, democratic platform easily accessible to everyone. This way, even newbie traders with little market knowledge can have a positive experience in cryptocurrencies. The WinWinCoins team believes it can accelerate crypto adoption by providing legitimate trading tools available to everyone. To this end, its trading bot could help eliminate losses and increase access to profitable…

SafeSwap Deploys on the Polygon Network to Allow the Farming and Staking of SSGTX

SafeSwap, a decentralized crypto exchange platform, has recently deployed on Polygon, previously known as the Matic Network, a scaling solution for public blockchain networks.   The integration of the Polygon chain by SafeSwap aims to revolutionize the DeFi industry by allowing the farming and staking of SafeSwap's token, SSGTX. The partnership enables users to exchange information without losing ownership or control in the staking and trading industry.  The main objective of SafeSwap is to empower traders and liquidity providers with an easy-to-access financial…

API Inu – A Blockchain Service Suite Joining the Meme Coin Hype

The meme coin hype is leading to the creation of more creative projects revolving around this type of cryptocurrency. In this context, API Inu is one of the latest examples, with a combination of blockchain data services and a meme token. Using TradingView's professional charting libraries, the project wants to provide simple indicators for beginner traders. Furthermore, the team wants its community to enjoy access to essential data like liquidity, trading volume, risk exposure, and fear vs. greed indicators.  API…

Ragdoll Cat NFT – A New Decentralized Project to Help Cats in Need

As the blockchain market grows, we learn more and more about how this technology can influence our daily lives. Ragdoll Cat NFT is a new project that puts together the interest for crypto, decentralized communities, and cats. In the following sections, we wish to report, in a neutral way, all the main features of this new initiative. After describing the ecosystem designed by the team, we’ll include some of the future developments that we should expect from the project. About…

Tiny Colony Review – The First-Ever Expansive Pixelated Tinyverse

Tiny Colony is a pixelated ecosystem of games, events, and experiences built on Solana that allows users to play without requiring NFTs. It features the first-ever construction and management blockchain game and benefits from the backing of iLogos, the prominent developers of Angry Birds 2, and regular partners of Disney, Ubisoft, EA, Rovio, and DreamWorks. The project is currently in full swing after striking partnerships with Fractal Marketplace, Twitch creator Justin Kan, and popular YouTuber iJustine. Furthermore, the game raised…

Rocket Global – A Next-Gen Hybrid Crypto Exchange

The market of crypto exchanges is crowded, and new initiatives in this niche always need to develop something innovative to have a chance of survival. The sector is still far from reaching a mature phase, and creative teams have an opportunity to improve the current inefficiencies of the market. Today we will talk about Rocket Global and impartially review its main features. Our short overview wishes to highlight the key characteristics of the project to let the readers form an…

C4G3 – A Project Featuring the First Decentralized Meme Index

Meme tokens have had immense success after launching on the market as a joke with Dogecoin ($DOGE). This niche gradually became a serious business as the coins’ market cap grew exponentially. The C4G3 Meme Index is the world's first digital asset index designed to track the performance of meme tokens within the cryptocurrency industry. Our review will look closely into this new project and provide the readers with the main details shared by the founding team. About C4G3 Creating an…

Stoner Doge – A Cannabis-Related Blockchain Project Oriented to Charity

It is not uncommon for blockchain developers to create a project to provide charities and non-profit organizations with funding. Stoner Doge is one of the latest examples in this market niche, with its intention to launch a cannabis-friendly project connected to charitable groups in the sector. Today’s review will introduce the project and its main features to the readers, and it will do so in a neutral way. Eventually, it will only be up to single investors to discover this…