Stake Capital Acquires HotStake
The World’s First Staking Provider Acquisition
Berlin, Paris 4th April 2019: Stake Capital is pleased to announce the acquisition of HotStake.com, the German-based Tezos (XTZ) Bakery. Stake Capital is on a mission to offer the best non-custodial staking services to all investors, on all networks, and is now supporting delegations on Tezos. To learn more about Stake Capital’s infrastructure and core values, refer to our official introduction here.
HotStake has had an impeccable track record, and we intend to keep it that way. Baking operations will be unaffected as we transfer the HotStake Baker to our best in class infrastructure. We will maintain HotStake’s brand, digital presence, and current fee structure. The only thing that is going to increase is the Baker’s capacity, to support more delegations.
We welcome delegations on HotStake, or directly to our baker address: tz1Z3KCf8CLGAYfvVWPEr562jDDyWkwNF7sT (delegation tutorial).
The founding team behind HotStake will now focus on developing Stakingrewards.com, the world leader in Staking data services. The acquisition allows them to finance the development of Staking Rewards while removing potential conflict of interests. You can read their full announcement here.
Mirko Schmiedl, CEO at Staking Rewards commented:
We are happy about the opportunity to have full independence to provide transparent data and research, which will boost the whole staking industry and community.
Julien Bouteloup, CEO at Stake Capital commented:
With the acquisition of HotStake, we are proud to offer Tezos staking services to our customers at market leading rates.
About Tezos
Tezos is a multi-purpose blockchain which supports smart contracts and offers a platform to build decentralised applications. Tezos includes on-chain governance, which allows upgrading of the protocol over time.
The network is secured by Delegated Proof-of-Stake: token holders can delegate their staking power to validators securing the network, like HotStake, and earn most of the rewards. HotStake takes a leading 10% commission and returns 90% of the rewards to its delegators.
Coinbase recently announced support for Tezos staking for their custody customers, and intends to charge 20% commission. Binance’s Trust Wallet have recently announced their intention to support Tezos as well.
Stake Capital with HotStake offers the highest staking performances, at competitive rates, to everyone, and we look forward to securing the Tezos Network with you.
