POOL of STAKE - Moving into the Future

Moving into the Future - From PoW to PoS

Pool of Stake is creating a safe pool for Proof of Stake coins, the future of blockchain. Qtum, Stratis, Universa and soon Ethereum holders can unite in the Pool of Stake and start staking together. Pool of Stake aims to operate in all types of PoS blockchains. The main purpose of Pool of Stack is to increase profit for small coins with enabling a trusted environment.

For this goals, we used two tokens,

First : ERC-20 PSK token gives discount withdrawal fees.
Second : a KEY token that acknowledges the user’s initial investment.

PoW = Proof of Work
Consensus algorithm used by first- generation cryptocurrencies, e.g. Bitcoin

PoS = Proof of Stake
Consensus algorithm used by second-generation cryptocurrencies, e.g. Peercoin

dPoS - Delegated Proof of Stake
PoS in which coin holders vote for delegates

PSK - Pool of Stake token

DLT - Distributed Ledger Technology
Technologies such as blockchain

IDEA

1st : All You need just a PC and an application

Then : market already make it hardware much harder for community

instigated the community to start forming mining pools

A mining pool allows its members to gain back the edge and start mining again.

NEW DEVELOPMENT
Proof of Stake to be future of mining

SOLUTION
A pool for Proof of Stake Blockchains

Pool Of Stake Implementation

STEP 1
Wallet -> PoS - Deposit PoS Coin -> Proof Of Stake Blockchain - Pool Of Stake Node -> KEY - KEY via Smart Contract

STEP 2
Wallet -> KEY - Reward -> Pool Of Stake Node -> 123 - Withdrawal Reward x Days

STEP 3
Wallet -> KEY - Reward(24h) -> 123-Pool Of Stake Node

STEP 4
Wallet -> KEY - KEY via Smart Contract -> Pool Of Stake Node -> Withdrawal PoS Coin

REWARDS SYSTEM
The reward will be redistributed as following:

• a variable percentage between 85% and 95% subdivided among members
• a variable percentage between 0% and 10% for Pool of Stake to reinvest in management, business development and innovation

Example :

Reward for Pool of Stake member : 85 %
Reward for Pool of Stake : 10 %
PSK to reward White Paper Draft value proportion* : 0 %

Reward for Pool of Stake member : 90 %
Reward for Pool of Stake : 5 %
PSK to reward White Paper Draft value proportion* : 100 %

Reward for Pool of Stake member : 95 %
Reward for Pool of Stake : 0 %
PSK to reward White Paper Draft value proportion* : PSK >=200 % of reward value

TOKEN SALE
ICO
The total amount of tokens on the market will be 70 Million, the distribution will be the following:

PSK unlocked = 39.839.624 -> 56,9%
PSK 3 months locked = 8.881.772 -> 12,7%
PSK 6 months locked = 12.470.937 -> 17,8%
PSK 1 year locked = 1.807.667 -> 2,6%
PSK 2 years locked = 7.000.000 -> 10,0%
TOTAL = 70.000.000

Tokens will be distributed 10 days after the ICO closes in order to ensure correct distribution to our investors

Timing of ICO
The initial sale will begin on 20 July 2018 (at a specific block) at around 12:00 CE(S)T and will run until 30 September 2018 at 20:00 CE(S)T or until the hard cap of 8 Mio € is reached.

ROADMAP

02.06.2017
1st whitepaper & bussiness plan

03.2018
Company Creation

22.03.2018
Media Announcement

20.07.2018
ICO START

30.09.2018
ICO END

2018 - Q3
1st platform release

2018 - Q4
2nd platform release (dPOS)

FOR MORE INFORMATION :

WEBSITE || ANN THREAD || TWITTER || FACEBOOK
TELEGRAM || WHITEPAPER ||YOUTUBE

scherbatsky1
Profile Link: https://bitcointalk.org/index.php?action=profile;u=2156002
ETH: 0xFE6a1240319b6fA365Be60614453d6917d9fe999