Staking Startup Claims’Up to 30 Percent’ Returns for Just Holding Crypto
Celsius Network aims to add “at least five” much longer PoS coins (likely tezos, zcoin, decred, horizen and cardano) to its existing 17 crypto resources “over the next three months,” according to a statement.
Battlestar stated it’s been independently engaging in PoS networks since December 2017 if its founders developed a set of algorithms to maximize staking rewards.
“Battlestar makes hosting masternodes, like Zcoin’s Znodes, much more accessible,” stated Zcoin’s chief operating officer, Reuben Yap. “Among their unique features is using a safe MPC [multi-party computation] primary option, which fragments a private key and stores its own pieces individually to eliminate the possibility of a single entry point. ”
Published at Tue, 26 Mar 2019 16:00:29 +0000
Battlestar Capital CEO Adam Carver stated:
“Most custody players sidestep staking, and also most staking agencies prevent custody due to the risks. Battlestar strategically combines both under a single roof,” stated Meltem Demirors, an advisor to the company.
People and capital who don’t have expertise or time to manage the day-to-day activities of staking — supporting a proof-of-stake (PoS) system by holding its own token and receiving wages in return — could gain from the service, Battlestar explained, as it shields shareholders ’ holdings, as well as providing portfolio return.U.S. dollars image via Shutterstock
Blockchain staking-as-a-service startup Battlestar Capital says customers can earn “up to 30 percent” curiosity annually on their idle cryptocurrency holdings.
Revealing the information only to CoinDesk on Tuesday, Battlestar explained that it has partnered with cryptocurrency lending startup Celsius Network to establish a large-scale staking service that offers the potentially substantial returns. While the announcement didn’t offer a lower manual for the estimated returns, its website currently states that returns may also be as low as 5% yearly via its staking service.“Following bitcoin[‘s] substantial 85 percent price fall, investors seemed to diversify their portfolio through staking other coins. PoS coins [have] surfaced as a lucrative avenue for investors — such as bitcoin maximalists — to get sizeable yield by using their passive holdings. ”
Staking Startup Claims’Around 30%’ Returns for Just Holding Crypto - April 2024
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