Crypto Stake Coin or CSC is a Proof of Stake backed asset that lives on the blockchain in the form of colored coins.
Launched on February 18th on the GetHashing forum, CSC was designed to take the stress and inconsistency out of POS. We manage the wallets and the hardware, you earn from all of the coins we stake. To further smooth out the income variations we are hedged with POW.
How do we aim to achieve this consistency?
With a weighted basket approach. The goal is for each POS coin to have an even weight based on the # of coins we are staking. We are currently staking 12 coins, this equals 8.33% of the basket for each POS coin. This approach allows for more consistent earnings even when coins like TEK have a 45 day maturity. Unlike staking pools, you earn from all of the coins we stake.
Earnings?
Earnings are distributed as dividends weekly on Sundays. You will receive payments directly to the BTC wallet that holds the CSC asset. No need to request a withdrawal or manage credentials for another site.
We currently payout 75% of earnings and reserve 25% for reinvestment.
In the case that a coin increases enough to throw off its weight in the basket, we sell the excess coins and distribute 25% of the earnings with the weeks dividends and reinvest the remaining 75% in other coins in our basket that are below weight. This analysis and trading is done on Sundays with the dividends. A recent example of this was BLK/BTC, it gave CSC a total of 1.108 in profit, 0.277 was added to the weeks dividend with the rest being split among several coins.
What kind of dividends can be expected?
Our average % return is 0.64%/week, that equates to 33.54%/year.
Per CSC that is 0.00002580 btc/week or 0.0013416/Year. Keep in mind that a lot of variables contribute to the weekly dividends and these #s are averages based on previous dividends as of 5-31-15. This is not a guarantee of return and future dividends might be smaller or larger than this.
Our Asset Page at Coinprism.
https://www.coinprism.info/asset/ANuuvGvVXzpLh8qLxv3oqYNrGoRWxgmu9Q
To purchase shares via the crowdsale please send btc to the Asset address below. Please make sure its sent from a color aware wallet.
akXecweeX3G3onxvYaMSN3P1aKSE5GrVsZY
You can get a color aware wallet from the following sites.
https://www.coinprism.com
https://cloud.gethashing.com <- I highly suggest you use ghcloud. Everything is stored in your browser, your info is never stored or accessed by any other site.
If you have a smartphone running android, coinprism has a wallet on Google Play that is worth a look.
You can also purchase CSC and many other assets from a shop that I am a co-founder/co-owner. You can now purchase via 20+ Altcoins via coinpayment.
https://coloredcoin.io/shop/profit_assets/crypto-stake-coin/
What are colored coins?
https://coinprism.desk.com/customer/portal/articles/1451842-what-are-colored-coins-
https://coloredcoin.io/what-are-colored-coins/
In the spirit of Proof Of Everything. Below are the staking addresses for the coins we currently support. Other staking pools will tell you that sharing the staking address is a security risk, while this is not entirely false, the risk is very low and mitigated by proper security practices as well as having a very long random password for the wallets.
Reddcoin = RrvJ6fJSiW4oxBb9rx3ZHH9TNnGFzg7o1F
NXT = NXT-2RWK-PM4W-9TJY-DUF5D
Hyperstake= pUdwYtiubHykqMD3T8qSgZfvFmJM58mft7
Hypercoin = HNjrMeWZW31ycoUc2nfX7pSNt7u4NcfWiV
Clams = xQH3nGNA51HXNKKBALeu92Ye8rUDsxo34F
Netcoin = n5nDZWKkv8QWBPkwau25qoiDxKGZvSFGHz
Shadow = SYgGjDwEx7WJ6hNumA8QxFFkB8zvkbiYvn
Blackcoin = BQqUyzKXrS1RBiQvoFWb6Ttt6UjgkDZ6ZU
Hobonickels = EuEtaue7SdDY53iup8MpbL75dxpR2RHtzt
Tekcoin = BkSwStLbbhUiPSNh3vPvLD5YAt3Vtoz8SQ
Mintcoin = Mu3S2CUqQrYfAi2Eh1hZqFRQEW9yoQ1wYM
BottleCaps = EwrpHmp7yAUNPM5Tg9EHWgCukQW18ScSrv
I am happy to sign a message with any of the above wallets to prove ownership/control.
What benefit does this provide over staking coins myself?
If your capable of managing multiple wallets and have the funds to invest to make that investment of money and resources worth it, nothing. Your better off managing your own staking wallets. However, if you wish to earn a consistent income from POS despite the varying stake times and rates of the myriad of coins available, CSC is the better investment.
I welcome any and all questions, concerns, comments.
Topic: [ANN] CSC- Crypto Stake Coin, POS/POW backed Smart Asset (Read 789 times)
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