Topic: [PRE-ANN][POOL] Stakepools.io -Collateralized Proof of Stake and Masternode Pool (Read 449 times)

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We're looking for talented developers and social media experts. If interested please contact us through our website or our discord channel.

Stakepools.io is building the world's first collateralized proof of stake and masternode platform.

Alternatively, you will find more information in this bitcointalk.org [PRE ANN] post in the Tokens (Altcoins) board: https://bitcointalksearch.org/topic/pre-ann-stakepoolsio-collateralized-proof-of-stake-and-masternode-platform-4578507

We're reaching out to the community for members who are interested and looking to get involved.

We're looking for developers who want to help create a truly innovative and responsive platform as well as social media experts and community managers.

We're also looking for potential future users, those already members of staking pools, or those wishing to learn more about how it all works.

Please feel free to follow us on twitter @stakepools and join our Discord: https://discord.gg/JbGudBv to learn more!

How it Works

Please reference this post: https://bitcointalksearch.org/topic/pre-ann-stakepoolsio-collateralized-proof-of-stake-and-masternode-platform-4578507

The Stake Token

Token Address: 0x8b4dc26ef1416d65442eb6948b90720424f3bdfd
Total Supply: 184,000,000   Decimals: 18   Symbol: STAKE

Stakepools.io will issue an ERC223 compatible token through a DAICO. The issuance of Stake tokens is both a means of collateral which back users’ deposits in the event of early withdrawal, as well as a means to participate in voting measures which impact the pool. In the beginning, the issuance of Stake will be handled by the pool. However, after a more broad distribution of Stake and a proven track record of platform usability, users may opt in to participate as a Stake Issuer in conjunction with the pool. Stake Issuers and the pool will share the pool’s fee in proportion to the Stake provided by the participating parties and after considering the pool’s operational costs.

Initially stakepools.io will retain 2% of all block & masternode rewards. We will never charge deposit or withdraw fees. Once we shift towards implementing the Stake Issuer mechanics, block rewards will be shared among those participants. This will act as an alternative means for Stake Issuers to earn an income as well as a widely diversified portfolio of the pool’s supported coins.

State of the Art Security

Wallet Security

Stakepools.io is committed to the security of our platform and under no circumstances will we ever compromise security for convenience. Private keys will never be kept on any cloud server and all addresses will be multisignature wallets where applicable. All deposit addresses sent to users will be verified by an external source to ensure they contain the keys controlled by the platform. In the event the keys do not match, the whole system will be airlocked with no transactability until the breach is isolated and remediated. All requested withdrawals will be processed manually, by hand, once a day, per asset. This does not include the issuance of Stake given a default event.

Systems Security

All platform systems will take advantage of Amazon Web Services world class security measures in addition to specialized in-house infrastructure, Cloudflare security, and exceedingly thorough security practices. Individual systems are unable to communicate except across secure, approved, and monitored channels. Stakepools.io systems require unrelenting forms of authentication to access, prominently Yubikey hardware tokens.

In order to prevent malicious phishing attempts, stakepools.io will implement optional PGP encryption for all email correspondences.

Platform Governance & Voting Measures

Every proof of stake blockchain has its own governance system in place. By becoming a large pool, we will project a powerful voice. For this reason it is imperative that stakepools.io doesn't jeopardize or manipulate consensus across these communities.

In addition to periodic voting rights for which coins stakepools.io lists, we will implement a proxy voting mechanism for our supported proof of stake and masternode blockchains. This means, for example, when DASH pushes forth an improvement proposal, the members of our DASH Masternodes will be able to participate in Dash's Decentralized Governance by Blockchain (DGBB) model without being censored by the pool operator.
In order to maintain a high quality system it is imperative to stakepools.io that we only consider supporting coins with a strong community backing, large market cap, liquidity, and realistic inflationary expectations. We will only be listing those coins which have satisfied our level of scrutiny, or have a particularly passionate user base present in our community.

User Protection Fund

The User Protection Fund is a means to protect the interest of our pool and it's users. In the event of coin loss due to a security breach users will be protected by the fund, and will receive compensation in the form of Stake tokens relative to the value of their lost deposits. This will of course happen after a thorough investigation and the subsequent price devaluation which will surely follow.

More Information

You will find more information in this bitcointalk.org [PRE ANN] post in the Tokens (Altcoins) board: https://bitcointalksearch.org/topic/pre-ann-stakepoolsio-collateralized-proof-of-stake-and-masternode-platform-4578507

White Paper: stakepools.io/white-paper

Discord: https://discord.gg/JbGudBv