The wallet is designed to stake your coins offline. This is to benefit people who cannot leave the wallet running all the time. Also this applies to term deposits as well as normal POS staking.
As far as stake payouts at CoinsMarkets exchange we have received word that there has not been stake payouts on ROI coin at this exchange.
If anybody can confirm that I would appreciate your feedback.
If you make a quick check here on the exchanges staking stats info it appears that ROI Coin is not listed:
https://coinsmarkets.com/stake.phpIt seems as if coinsmarkets.com is not aware of this functionality of ROI-coin.
I wanted to make a couple of points on this post...
Firstly I am very convinced that the CoinsMarkets Exchange devs are very aware of all the details of ROI Coin. These guys are very sharp and deal in many different coins. Sure building an exchange is not super complex but the reality is how to secure it... now that's a challenge!
Next you have to wrap your head around ROI Coin and how unique it is. If you've dealt with many other staking coins you already know how things are and that is you can see the "stakes" in your transaction log. Some coins go by wallet coin weight vs. network weight while others have different strategies but still these coins stake and those stakes are logged in the transactions.
Now look at ROI Coin and how it's so different. ROI Coin does not consider wallet weight or network weight but rather ROI has a multiplier that stakes every single block of the blockchain and each subsequent block is compounded with the next block's worth of staking. ROI can be offline and you can have even 1 coin in your wallet and it will stake every block of the blockchain just the same as another wallet with 10 million coins that is online 24/7.
Now when you start putting this altogether and then put yourself in the shoes of CoinsMarkets Exchange you begin to realize how would they track staking? There isn't any transaction logs of stakes like other coins. Would they calculate the yearly APR % and then mathematically deduce each user's portion? Hmm that gets complicated. Plus that consider how few coins are at the exchange and the staking yields per their daily payout would be a bit small never mind then dividing those out to the users. How many staking coins have you seen that stake incrementally every block regardless of coin weight and regardless of the wallet being online?
Now some might wonder... hey what if the exchange is term depositing ROI coins? Well if they are how would then run withdraws? Once they term deposit and lock coins they cannot be available for transfer and this would create an enormous issue for any exchange in that users would on demand withdraw coins that the exchange could not then transfer.
So with all this being said.... I would like to ask for feedback from the community... would the ROI community desire to see an exchange for ROI Coin paired with various other coins at the ROI Coin website? You know an exchange that is designed, coded, secured, run and so forth by yours truly... I would be happy to devise a proper system to track and payout proper staking payouts to all exchange users no problem. Let me know what you think