What is StakeCube?
StakeCube has been a one stop shop for many Proof of Stake-based coins for several years. They launched back in June of 2018 as a Proof of Stake pool and have continued to expand their services and tools over time. StakeCube now is home to over 50,000 active users and over 55 listed coins. Some of the services that they offer include: cryptocurrency exchange, *staking pools, and masternode hosting (cold and *hot).
Benefits & Use Cases
The StakeCube exchange now has 5 base markets, over 120 trading pairs, arbitrage information and statistics against other exchanges, along with clean and easy to use user interface. For ZENZO specifically, there are 5 trading pairs that include: BTC, LTC, DASH, DOGE, and SCC.
*ZNZ continues to stake, even inside orders — rewards while you trade.
StakeCube originally started off as a staking pool, where users could send their coins to a pool, which would stake larger amounts of coins collectively and potentially earn more block rewards for those who participated. Staking pools are a simple method for users to be able to invest without having to manage their funds and try to maximize profit on their own, yet they come with their own set of risks. *ZENZO does not endorse any third-party platform or service that uses custodial wallets or where users don’t have full access to their funds at any given moment. This isn’t to say these third-party platforms are bad or malicious, it is simply a principle that ZENZO was built upon.
There are two ways for users to be able to host their masternodes on StakeCube. Some refer to it as cold hosting and hot hosting.
Cold Nodes: These nodes work similarly to the majority of Masternode Hosts; allowing the user to keep their funds within their own Core wallet — providing NodeCube with their collateral TX-ID and paying a monthly fee in SCC. Cold Nodes cost less, as the user takes ownership and management of the Masternode.
*Hot Nodes: These nodes are held and managed by StakeCube, as the custodian, this relieves the user of all of the Masternode Hosting technicalities. Rewards from Hot Nodes are deposited directly into your StakeCube account, compounded additionally with automatic PoS rewards via the StakeCube Pool. Hot Nodes are slightly more costly, as the full hosting procedure responsibility is put onto NodeCube.
Start Trading ZNZ on StakeCube
For every section that was marked with an *asterisk, please reference the disclaimer below.
*DISCLAIMER: Please be aware of all the potential risks associated with third-party platforms and services before using them. Understand that these listings do not constitute endorsement by ZENZO, but are solely provided for informational purposes only. It is recommended to do your own research and exercise caution while using any third-party platform and service. ZENZO is not responsible for any actions that occur on any third-party platform and service, as it is out of ZENZO’s direct control.
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