Blog Post

StackOfStake - Staking and masternodes investment platform

Marius Bogdan Dinu • Apr 18, 2020
Currently majority of people involved in blockchain are either in the capacity of investors or users. Only a handful of people were able to identify the earning opportunity by becoming a miner using the Proof-of-Work protocol (contributing to network stability by verifying the transactions through a process called mining). Major bottleneck for global expansion of this opportunity is the high cost of setting up the rigs, high management cost because of the immense energy requirements, high technical knowhow.

Luckily, this led to the creation of a new protocol called Proof-Of-Stack (blocks are staked by a person who is already holding some coins and helps in validating a new transaction on the platform). Moreover, Masternodes have also evolved as a solution that runs on the Proof-of Stake to strengthen even further the network and facilitate mass participation in the income creation process. Setting up your own collateral Masternode is relatively, easy to manage, does not require high technical knowhow, consumes less energy and the prices of Masternodes depend on each coin’s value.

Even more encouragingly, you can now find third party services that will allow you to invest in multiple Masternodes with 1-click and even share Masternodes with other investors in case you cannot afford to buy a full Masternode on your own. Recently, we came across StackOfStake - Masternode sharing services, which we believe offers one of the easiest ways to invest in masternodes with 1-click.

StackOfStake - Masternodes To The Next level

StackofStake is a shared Masternodes service created by the SCRIV Network team. The idea behind StackOfStake is simply creating a community shared Masternode pool management service, which everyone can join in and maximize the rewards of their crypto holdings by sharing the mining rewards. This in a single go provides solution to all the above-mentioned challenges as the retail investor does not need to set-up, be online or manage any individual wallet.

StackofStake does everything on behalf of its customer by pooling in resources into a Masternodes setups for every coin on their portal. The biggest financial benefit a retail customer gains is that the frequency of rewards is increased exponentially, as more people join to stack collectively . StackOfStake team receives the rewards from the respective Proof-Of-Stake coins basis the collective pool that is much higher than the rewards a retail investor would get in case he wanted to stake by himself.

This increase in frequency allows the investor to multiply their income faster as the compounding effect is acting for a greater duration. StackofStake team basis its vast knowledge and experience also does due diligence before on boarding a coin thus the options available on the portal as relatively legit and safer for an investor to park their money in. There are 15 masternode coins already live on their platform with six more coming up soon; of course, many more coins will follow once the user base and the demand increase.

StackOfStacke Account Registration

Registering at StackOfStake is simple; you just have to type-in your e-mail and chosen password. Once you have created your account, you will receive an e-mail to confirm it.

How To Start Earning Rewards

StackOfStake has a very clean and modern layout throughout the website that extends to the dashboard overview screen too. You can see your balance, your daily, weekly and monthly income and you can immediately start depositing your favorite coins and start earning rewards. Moreover, you can also check the fees by coin and service stats. In order to start investing, you just need to choose the coin, click on the deposit arrow and send the coins to the address generated. 

Closing Thoughts

The service provides full automation of the process with enterprise grade security of funds. Moreover the rewards, deposits, withdrawals, re-investments are all processed instantaneously. Additional income opportunities are available through their referral program, should you have friends to bring them in. The set-up process is one of the easiest we have ever tried, therefore, StackOfStack is also suitable for newbies.

Disclaimer: This is not trading or investment advice. The above article is for entertainment and education purposes only. None of the content on Crypto Folds is investment advice nor is it a replacement for advice from a certified financial planner. Please do your own research before purchasing or investing into any cryptocurrency.  
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