You must hand it to them, the creativity of these guys, personally I cannot make heads or tails of what it is they are saying, other than it sounds like nothing more than an interest bearing bank account or short term certificate of deposit. Massively wrapped up balloons and bows and layers upon layers of gift wrap paper.
No idea what they are on about. Some one smarter will have to wade through all that and perhaps wrap it up in a nutshell for the rest of us.
What I can figure out is that each one you buy will "stake" one Paycoin but you can never take the Paycoin. Just get the staking reward as if you were staking a real Paycoin. So I think you will get .05 Paycoin a year per Staker. Can buy one or 5,000 of them. So generous of them. Or after buying the staker do you have to load Paycoins into it to get it staking???
It sounds as if you're renting a "staking wallet":
Step 1: Select # of Coin Slots and Prime Cycle duration when buying your HashStaker. (durations are $9.95 for 3 months and $17.95 for 6 months)
Step 2: Buy Paycoins at Paycoin.com and send them from your wallet to your HashStaker’s address to load them. This activates your HashStaker†. (You can't do that yet, and there is a footnote missing).
Step3: Enjoy Payouts. Your HashStaker stakes every day, giving you daily Paycoin payouts based on the number of Paycoins inside your HashStaker wallet.
I'm not sure if that means your HashStaker will have to be renewed/repurchased after 3 or 6 months, or the duration means something else.
The concept sounds utterly ridiculous to me. Paying for a wallet to hold your coins? That is indeed changing crypto-currencies forever.
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