Ø Crypto Union presents Ø Crypto Pool
All service beneficiaries are Ø Crypto Union shareholders, in the interest of whom, the project continues to develop and grow. In line with such principles, we feel that passively held capital should be utilised to find returns for our members. This has lead to developmental advancements of our wallet infrastructure.
Typically, securing the various Blockchain protocols offer rewards to active members of the community. The Crypto Union has found an innovative alternative; the idea is to make staking, baking and delegation as simple as possible, in pursuit of which, Ø Crypto Union would like to present Ø Crypto Pool!
Asset-holding wallets of Ø will collectively integrate to participate in consensus mechanisms. In addition to the aforementioned staking rewards, the Crypto Union will offer a wide array of financial and consulting services to token-holding members. Furthermore, by way of Ø Credit Lombard mechanics, participants will have access to transactional credit in fiat, collateralised by the underlying positions. This is the first in the era of cryptocurrencies that a pooling service offers dual utility.
Proof-of-Stake and other alternative protocols to the original Proof-of-work will continue to grow in dominance; Ø seeks to further-optimise such mechanisms by innovating to find a secondary utility for staked positions — stake and spend!
To further-explore such functionality, Ø will focus on the Tezos Baking system. The Crypto Union is working harmoniously with a leading member of Tezos’ development team; the collaboration seeks to find positive synergies by offering the community an innovative, efficient and rewarding delegation and baking system. Ø Crypto Union seeks to catalyse development with a reputable, security-focused company, ADAPP.
To further such ambitions, the next stage, in line with the roadmap, is to secure our Baking infrastructure as soon as developmentally possible to initiate the delegation service. Following which, Ø will integrate Tezos with the ØPay application (beta), offering an effortless option to bake and/or delegate the application-stored tezzies. We’ll shortly reveal the membership structure for such services.
More updates are to follow — watch this space!
