in • 2 years ago
Abstract
Astake is the newest and most exciting project on the blockchain. It has been designed to allow you to earn interest on your coins while you sleep. You can also participate in staking pools with the new masternodes system. You can stake your coins with any amount of coins, no matter if it is a few coins or several thousand. The annual interest rate will be between 5-9% for staking and 5-12% for masternodes. There is also an option for you to get a passive income from the masternodes system with the auto-staking feature. You can set it up so that your masternode will automatically stake when the minimum amount of coins needed for staking is available.
The first thing to understand about Astake is that it is an ERC-20 token, which means it is an Ethereum-based token that is built on the Ethereum blockchain. The advantage of this is that it has the entire Ethereum ecosystem at its disposal. This gives Astake a huge advantage over other coins and tokens. How does it work? Astake is a protocol and platform that gives people the ability to earn interest on their crypto holdings without having to sell them.
What makes ASTAKE special and is it sustainable?
ASTAKE is a new cryptocurrency with Proof-of-Stake (PoS) and Compound (PoC) features implemented. ASTAKE is the first to build a protocol on top of the PoS and PoC structure that can be sustained for years to come. ASTAKE takes advantage of the Proof-of-Stake and Proof-of-Compound systems to create a block reward that will generate interest for staking as well as compound interest for compounding. ASTAKE is a unique cryptocurrency that combines the PoS and PoC features to create a sustainable, stable, and predictable protocol that will be beneficial to all users of the network. ASTAKE is the first cryptocurrency to implement a blockchain protocol that is sustainable and can be used to generate interest for staking and compound interest for compounding in a way that has never been done before.
The ASTAKE team, who have been in the crypto world for years, are still studying and analyzing with a critical mind the technology and the market and have come to the conclusion that the current auto-staking and auto-compounding protocols are not sustainable for the future. We've already seen many projects that have failed to find a solution to the auto-staking problem, and the ASTAKE team have found a solution that will not only work for the short term, but also for the long term.
Conclusion
Astake will use smart contract technology to convert a loan into a token to be used for collateral. This will allow for immediate liquidation of the loan and ease the burden of credit on the borrower. This will also allow for lower interest rates as there will be no risk of default, and allow for the borrower to pay off the loan early by selling off their loan token on the secondary market. Join the links below for more information on the project.
Projects Information
Website: https://astake.finance/
Whitepaper: https://wp.astake.finance/
Telegram: https://t.me/astake_finance
Twitter: https://twitter.com/astake_finance
Discord: https://discord.gg/XNfDwv76ca
Writers Information
Bitcointalk Username: chuksmy
Bitcointalk Profile Link: https://bitcointalk.org/index.php?action=profile;u=2635666
