StakeCube Earn System — Everything You Need To Know
Staking, and Masternodes have lived for some time now. Services, over the years continue to innovate, compete and create interesting user interfaces, that offer variety of commands and interaction from the holders of these types of cryptos.
Layers of complexity make crypto challenging for new users. Many platforms chose to stick with complexity, and try to sooth it over with steps, explanations and tactics for educating newcomers. On the other side of platforms, there is the strategy of making things less complex, and as fully automated as possible for the end user.
As many may know by now, StakeCube could be considered as an intermediate level crypto site, that features close to a dozen applications. Which can be tricky for learning the ropes. Especially, when its a persons first few month’s in crypto. With efforts to create cryptocurrency staking easier, more expandable, adoptable and friendly to newcomers. StakeCube has crafted a format that is suitable to meet some of these industry expectations for adoption, and scalability. Since the Earn system has been long planned, and tested for over a year now. The team at StakeCube has begun migration. This new staking system is apart of the infrastructure for version 3 of StakeCube’s platform.
Shared Masternodes, and reserving slots is now apart of history for StakeCube. The Earn system automates user balances, and distribute rewards based on total percentage and share of the reward pool, deterministically. To put this into an example, the current formula for shared Masternodes and reserving slots does actually still exist in the background. From the user experience however, there will no longer be the need to wait for slots to open up. Additionally, hidden coins from locking up slots in a shared masternode, will now display on the main wallet dashboard for the end-user.
So far, ZNZ, XP, BBK, AEM, MERGE, 777, COLX, BLTG, BITB, RPD, ECA, PHR, SEND, DOGEC, ASAFE, KTS, FLS, KYDC, ZNZ, CTSC ALIAS, BTC2, BIR, PAC, GHOST, MONK, NEBL, ONION, PIRATE and ULG are fully migrated to the Earn system, or if not quite yet, will be soon. There is over 50+ coins listed on StakeCube that stake(POS) or yield from Masternodes, This list is roughly 60%+ of the coins that will be added. Also note that future listings will be added to the new system as well.
The stakes and Masternode rewards are accumulated on the back end during each 24 hour cycle and distributes payouts once per day.
Distributing rewards in this format comes with many perks for the service. Before, thousands of datasets would be implied to each users account in a week. With the Earn model, datasets will be distributed once per day. This cleans up activity tabs from having 1000 micro stakes in a day from POS coins. Plus enables scalability and efficiency on the platform. The Earn System cleans up clutter, and gets rid of all the data that acts as litter, clogging up the infrastructure. Future exporting of data for taxes, or business purposes will now handle only hundreds of inputs, as for before it was thousands.
I hope this article explains how the Earn system on StakeCube will support things like efficiency, automation, scalability, and simplicity. If you have any questions about the Earn system, or cryptos apart of the earn system, feel free to join our Discord or Telegram to ask questions. To send a final note, the Earn system has been well thought out and tested for over a year now, by the StakeCube development team. Also planned as apart of migration to the new, and upcoming platform dubbed as Version 3.
Here are some like if you would like to learn more about StakeCube: