Let’s Talk About Staking.
Disclaimer: The text below is an advertorial article that is not part of Cryptonews.com editorial content.
Let’s take a look at the crypto cross-chain staking platform RSTAKING.
RSTAKING is a decentralized crypto cross-chain company that provides its liquidity pools for staking over 200 tokens and crypto coins across 9 networks.
RSTAKING will soon reveal its own innovative NFT’s collections RHINO.
RSTAKING has its own RHIN token which is available inside the RSTAKING system for all users for free. Any user can earn for free using the RHIN token for staking. In 2023, the RHIN token will be available on 3 popular crypto exchanges.
RSTAKING is developing its own mobile operator RMOBILE. Payment for communication services with cryptocurrency/ No KYC/ Beneficial tariff plans/ Available in more than 35 countries.
RSTAKING – https://rstaking.com/?c83=22455
Whitepaper RSTAKING – https://rstaking.gitbook.io/rstaking-whitepaper
What is cryptocurrency staking?
Proof-of-stake protocols are a class of consensus mechanisms for blockchains that work by selecting validators in proportion to their quantity of holdings in the associated cryptocurrency. This is done to avoid the computational cost of proof-of-work schemes.
Today there are more than 100 different validators that offer staking for different types of cryptocurrencies and tokens in different networks.
What is a validator is a member of a network that blocks tokens specific to the chain to help run the network. This amount that validators use to block on the network serves as collateral to keep validators active and honest on the network.
Among all the staking companies in the market, we would like to highlight RSTAKING.
RSTAKING is the first cross-chain staking project that offers staking in more than 9 networks and 200+ different tokens with a fixed 25% APR on all crypto coins and tokens.
What is cross-chain – in simple terms it’s translation of the same token between different blockchains.
Cross-chain systems are most useful when they have a large network effect. The network effect results in increased security of user funds, increased access to tokens and simplified user experience, improved documentation and developer tools, and increased revenue opportunities from token provisioning regardless of which blockchain the asset is originally launched on. With more than hundreds of blockchains working with oracles, and many blockchains and second-tier solutions already integrated with RSTAKING in the mainnet, the RSTAKING is the ideal infrastructure to use as a robust independent protocol for cross-chain communication between all blockchains.
RSTAKING uses its own funds and those of its parent funds to place them in 10 different validators on unpopular tokens that offer a higher APR but a highly volatile rate of the tokens themselves. By doing so, they create a liquidity pool that allows them to automatically give a fixed APR on the most popular tokens in different networks.
You can read about their allocation scheme and information in their whitepaper - https://rstaking.gitbook.io/rstaking-whitepaper/rstaking
We would like to add that there is no other project on the staking market which offers such a wide range of staking products.
We wish RSTAKING.COM good luck and more tokens and liquidity pools.