What is "StakeMining" on EOS? Is it worth it?

What is “Stakemining”?
After making this video, I learned more from user “Fuzzy” (creator of this project). While current profits may be low, there is more potential for stakemining, especially serving as a sort of “Venture Capitalist” function to help new dApps gain the resources they need to operate. Not all new dApps can afford resources. Using Stakemining, it can give someone a chance to be an “early investor” in a new project, without all the regulations of “ICOs”. Stakemining is a superior model to Ethereum ICOs in this regard. You simply delegate resources to the project. So while the current financial aspect of stakemining isn’t that great, this can always improve, and most importantly, stakemining can be a benevolent activity one can partake in to fund dApps one believes in, and also have a chance to get in on the ground floor with shares in their new dApp company (by receipt of their tokens as the reward for delegating resources to that dApp).

—-

Stakemine website:
https://stakemine.io

You can see current token prices here:
https://marketcap.one/

I did the math: To get 0.1 EOS per day payout, you’d need to stake about 300,000 EOS ! And that’s with the highest payout displayed. It goes down from there.

But maybe you wish to help a new project grow by delegating your unused resources! And have a chance at getting tokens early on in that project!

—-

Thanks to RaSerg86 for showing me about stakemining!

Thanks to Fuzzy for sharing a much deeper look at stakemining!

Hodl EOS’s video on stakemining: https://www.youtube.com/watch?v=WOdTuc2VbCE

– – – – – – – – –

Disclaimer: The views expressed in this video are strictly my own and are not to be construed as trading advice. Do not buy, sell or otherwise trade cryptocurrency based on the content of this video. I am merely sharing what I have done and what I would do in various situations as an educational tool only.

#eos #cryptocurrency #news #tokens #coins #block.one #bitcoin #btc #blockchain #eosio

– – – – – – – – –

⚡Colin Talks Crypto⚡ wallets & links:

? EOS donation address/account name: colintcrypto
? Ethereum (ETH) address: 0x5b90414Aeb115f910698304E63C2C3092739c9c0
? Bitcoin Cash (BCH) address: qpzc3apy9s8x2qtlqxxgnalfxtzgnkg5nq352w9k2t
? Bitcoin (BTC) address: 1Da6ivdriJpzqnLkNEa1XnKk5nGCiyRZrF

? Website: http://www.ColinTalksCrypto.com
? YouTube: http://www.youtube.com/ColinTalksCrypto
? Twitter: https://twitter.com/ColinTCrypto (@ColinTCrypto)
? Steemit: https://steemit.com/@colintalkscrypto
? D.Tube video channel: https://d.tube/#!/c/colintalkscrypto
? Uptrennd channel: https://www.uptrennd.com/user/colintalkscrypto
? Bit.Tube video channel: https://bit.tube/ColinTalksCrypto
? T-shirts and swag: https://teespring.com/stores/colin-talks-crypto

What is "StakeMining" on EOS? Is it worth it?

Related Post:

About The Author

Kane Dane