In the time of negative interest rates in traditional financial market, staking has become one of the best kept secrets actively practiced in the blockchain industry. To share this opportunity, SMART VALOR is launching staking-as-a-service offering for Dash. The user of the SMART VALOR platform can earn up to 6.9% average annual return on their Dash starting 30th October 2019. With this move we are firmly positioning ourselves as the first premier European exchange providing full-service, compliant and secure staking-as-a-service.
What is staking?
Staking is the process of holding a Proof-of-Stake (PoS) cryptocurrency in a wallet to support the operation of a blockchain network associated with this currency. The ‘staker’ runs the protocol on his own server and validates transactions in the network. For this activity he earns a reward which is proportional to the amount of the assets locked as a stake. (Read more about staking here.)
Usually, in order to participate in the staking process and support operations of a blockchain network you need money and hardware. To run a masternode on the Dash network, one needs to purchase and stake at least 1.000 Dash (currently approximately 72’140 CHF) and have the appropriate hardware, running the protocol 24/7.
The key advantages for participating in staking through the SMART VALOR platform are these:
- High yield: We pass up to 100% of all rewards (average annual return rate of 6.9%) we generate through running a masternode back to you.
- No hassle: No need to buy hardware, install masternode and maintain the protocol.
- No transfer risk: No hacking risk incurred in transfer of Dash between your wallet and staking platform. SMART VALOR is the same place where you buy AND stake Dash.
- Always in cold storage: Your Dash never leaves our cold storage provided in collaboration with global leader in hardware security BitGo.
How does staking Dash on SMART VALOR platform works?
After the purchase or transfer of Dash, your coins stay in our cold storage and never goes online due to the seamless integration within our custody. SMART VALOR acts as a staking provider, consolidating your Dash with coins of other users and running the Dash masternode on its own server infrastructure.
How can you participate in Dash staking on SMART VALOR platform?
- Log in or register on the SMART VALOR platform.
- Buy on the SMART VALOR exchange at least 1 Dash If you already have Dash you can easily transfer it to your SMART VALOR wallet
- Refer friends to get 100% of rewards. Without referral you already get cheerful 85% of rewards, delivered on monthly basis.
Lastly it is good to remember that by staking Dash, you not only optimize your financial portfolio, but also support operations of one of the most progressive cryptocurrencies which gives hundreds of thousand people in developing markets a better means of payment, enabling trade and financial freedom.
Message from SMART VALOR CEO, Olga Feldmeier