1. How does Staking work? With Proof-of-Stake Currencies, new blocks aren’t generated based on computing power (Proof-of-Work). Instead some form of random selection is used to decide on the creator of the next block, who will also receive the Coin reward for generating it. A number of additional variables such as wealth and age are factored into this selection: The Stake! To be eligible to receive a Stake the User must have his PC/Server running with the open wallet.
2. What are Stake Pools? Because of the way staking works, it can be very time consuming for single Users to generate Stakes. Without massive investments the share in the coin is too small to reliably generate stakes, so rewards are few and far between, while operating costs (e.g. power) still pile up daily. Stake Pools aim to resolve this issue by pooling the resource of their Users. While one User may have a low chance of generating a Stake, a group can safely invest a much larger amount. This allows the Pool to generate Stakes on a regular basis, distributing the rewards between its members. The Payoff for the User is more reliable and predictable, while the Owner of the Pool will take care of all Updates, Costs and Security requirements. Additional rewards may be generated by forming Masternodes, which can be generated for each Coin after reaching a specific threshold, further increasing Stake chance and Coins received.
3. About Stakecube We are a Stake Pool founded in June 2018 to provide an easy and intuitive way for everyone to join a staking community. Our goal is to make Staking as easy and rewarding as possible. This starts with a great UI, easy to navigate menus and a self-explaining structure, but runs much deeper than just the surface. We want to provide exceptional service to our community and have implemented multiple measures towards this goal. New coins are added based on the Users votes and, on our Discord, they can vote on features to be implemented, receive timely support, ask questions or chat with their fellow Stakers. While 3% of all Stakes are deducted as fees, even here we want to give back as much as possible. Only 2% are used to cover our running cost, the final percent is redistributed to all Users with our Airdrop system and the regular Lottery.
