By Jonathan Lees - MN.Investments content producer, Midas.Investments
Midas announces the listing of StakeShare (SSX) to the Midas platform as an Instant Share. Invest today to receive instant rewards.
StakeShare aims to make Proof of Stake accessible to all users, regardless of tech knowledge or expertise. Already with a working product, this promises to be a very successful project heading into 2019. Let’s take a look at what makes StakeShare unique:
Like other POS platforms, users can choose to invest into a variety of projects and deposit coins into the StakeShare platform, which will be pooled with the funds of other investors to generate more regular stakes. In addition to these services, StakeShare has a unique feature for its token called StakeShare System. This one of a kind offer allows investors to deposit StakeShare tokens into the platform, and lock them up for a determined amount of time. In addition to the profits generated from Staking during this time, there is a bonus reward given to investors, depending on how long they locked their coins for. Here is a visualization of the StakeShare System, which will be available after block height of 63200:
The StakeShare Platform also incorporates an exchange into its interface, allowing users easy access to trading. This removes the difficult and expensive task of transferring funds to and from exchanges, sometimes waiting long periods of time for withdrawals from shared POS pools. This feature allows for great liquidity within the StakeShare Ecosystem, and separates it from its competitors. All exchange fees are paid in SSX. With the next update, there will be a second exchange option, in which platform users will be able to buy other coins directly with SSX.
Unlike most other shared POS pools, the SSX development team is completely directed by the community. On the platform, users are able to submit other coins for voting. Once a project receives a satisfactory number of upvotes, it will be added to the list of options for investors to choose.
The SSX coin itself utilizes the QUARK algorithm, with a block time of 1 minute, and a low max supply of 14 million. Here is a breakdown of the block rewards:
StakeShare is a promising project, and is worth doing more research!
Always do your own research before making any investment.
For more information on SSX:
Masternode Information: https://masternodes.online/currencies/SSX/
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