POOL OF STAKE IN BLOCKCHAIN
Pool of Stake is a first of its kind, decentralized pool for Proof of Stake, the future of blockchain. Qtum, Stratis, Universa and other PoS coin holders can unite in the Pool of Stake and start Mining 2.0, generating daily forging rewards by simply staking their PoS coins.
PSK is a fully decentralized, self-regulated and completely trustless pool. This is made possible by powerful use of Smart Contracts and globally distributed nodes. Pool of Stake makes Mining 2.0 more secure and more profitable for individual PoS coin holders.
The main goal of PSK is to increase profits for small miners who unite in the Pool of Stake. For this purpose, two tokens are used. First, an ERC-20 PSK token and second, an IOU token are used. The IOU token ensures that PSK members are always in full control of their staked PoS coins.
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 a fully trustless way. 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. We then present detailed information relevant for the upcoming ICO starting 20 July 2018. We conclude the white paper with a review of our current accomplishments and an overview of projected milestones.
HOW IT WORKS
The Pool of stake is the final fate of blockchain, a decentralized pool system for proof of stake. BOscoin, Qtum, Tezos and various other proof of stake coin holders are welcomed to the pool of stake platform to begin mining.
The major aim of the pool of stake is to enable diggers who join the stake reap maximum benefits, irrespective of the size. As a result, the pool of stake uses the IOU token and the PSK utility token which gives PSK owners full control of their coin. Pool of stake users will be able to control, track and improve their interest in trustless manner.
Pool of stake is gradually gaining wide acceptance. Many people believe that with time, pool of stake will be the most preferred representative of the blockchain technology. Asides, with time, pool of stake will get set to make available the largest tool for proof of work.
Also, the benefit and value cryptocurrency has is the total decentralization. These will security of all funds as well as operations.
Pool of Stake is creating encounters and problems with the current miners. Pool of Stake is, in general, an answer. As it should be obvious in the representation below:
Current situation
To the beginning, all you expected from Bitcoins was a PC and an application. At that time, the market has created teams that make it much more difficult for the community to extract. Therefore, it has induced the community to begin to frame mining groups. A mining group allows its individuals to increase the advantage and begin mining once more.
New development
The test of the production of cuttings is, by all accounts, the destination of mining.
Arrangement
A group of stake test blocks.
There are some benefits to participating in a mining group. As a matter of first importance, the safety of the framework, the size of the economy, the saving of electricity, the AI in support of the best investment for the PSK people that contrast the prizes of several blockchains in view of the genuine information of the individuals from the community and the support of the blockchains who raise their voices through a system of direct administration.
ICO
Pool of Stake AS will accept donations in €, $, CHF and ETH, in accordance to the Swiss regulations. In case a donation is equal or more than 50.000CHF, KYC process is obligatory. Pool of Stake ran a seed funding during which early adopters invested 750 000 €.
This enabled the team to reach fundamental milestones andprepare for an ICO. There will be a private presale and public presale at a discounted price (less than ICO price) using reservation contracts. The official start of the ICO is 20 July 2018 and is scheduled to run for one month until 19 August 2018.
Pool of Stake has established a hard cap of 8 Mio € and a soft cap of 2 Mio €.In case the hard cap of 8 Mio € is reached prior to the official end, the ICO will be closed at that point in time. If the soft cap of 2 Mio € is not reached, all invested ETH will be reallocated back to the investors.
In order to protect the project from market fluctuations, once the ICO is closed the collected ETH will be reallocated to few and selected currencies. The tokens will be distributed 10 days after the end of the ICO. Strategy updates will be published on our blog, and any public key for the redistribution will be shared on our website.
This allows every member of the community to verify the actions that are taking place. Citizens from the following countries may not partake in the ICO: USA, China, Canada, Israel, South Korea and Vietnam.In the online procedure, investors themselves are responsible for determining their eligibility to invest.
The ETH/PSK conversion will be announced 1 week prior the sale. After the end of the ICO the collected amount of donations will be distributed between CHF, €, BTC and ETH in order to guarantee the correct delivery of the project respecting the timeline.
The total amount of tokens on the market will be 70 Million, the distribution will be the following: Tokens will be distributed 10 days after the ICO closes in order to ensure correct distribution to our investors.
Token Specifications
Ticker: PSK
Blockchain: Ethereum
Exchange Rate: 1 PSK= 0.30 EUROS
Soft Cap: 2 000 000 EUROS
Hard Cap: 8 000 000 EUROS
Accepted Currencies: USD ETH, CHF, and EURO
WEBSITE : https://www.poolofstake.io/
Bitcointalk ANN : https://bitcointalk.org/index.php?topic=3283742.0
TWITTER : https://twitter.com/poolofstake
WHITE PAPER : https://www.poolofstake.io/wp-content/uploads/2018/04/Pool_of_Stake_whitepaper.pdf
TELEGRAM : https://web.telegram.org/#/im?p=@poolofstake
FACEBOOK : https://www.facebook.com/poolofstake
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