April has been a very exciting month for Pool of Stake. We are getting closer to our objective, which is to create and launch the first decentralized pool for Proof of Stake blockchains. Since we know an active community is essential for our product to function and develop properly, we will update you with what has been happening on our side during April.
ICO postponed to 20/7/2018 — Fiat will be accepted
We have decided to accept fiat payments for our ICO. This will put us at a strategic advantage against other ICOs, since accepting fiat will lower the entry barrier for people that are not directly involved with cryptocurrencies. Fiat payments should facilitate reaching our hard cap once the ICO is launched. We have decided to postpone the ICO in order to fulfill all the due-diligence that accepting fiat payments entails. Our company is governed by the high standards of Swiss law, and we are working fast to have a fully compliant system to receive payments in EUR, USD, and CHF.
We are happy to communicate that Ian Scarffe joined Pool of Stake as an advisor. Ian Scarffe is a leading expert in Bitcoin, Blockchain and the crypto industry. He has consulted a wide range of multi-million dollar companies in the sphere, and his personal mission to help projects reach their full potential, will be of great benefit to the whole Pool of Stake community. Ian’s expertise will be an asset to the Pool of Stake ICO and our continued global expansion.
Qtum MVP launched
The first MVP of Pool of Stake has been launched on the Qtum testnet. The MVP lets our community have a first hand look on how our Smart Contracts will work. Using Qtum as a native blockchain, Pool of Stake works as a Smart Contract where coins are pooled. It yields in return a QRC20 token that functions as the IOU that guarantees coin ownership. We kindly ask our community to check our MVP here so you can give us feedback!
We have been very active in publishing fresh, reliable, and educational content that is beneficial to our community and the crypto sphere in general. Most of our articles are relatable to our project, but we also provide general educational material. You will find interesting articles of varied topics that include blockchain security, token definition, the Proof of Work vs Proof of Stake debate, relevant PoS projects, and a lot more! Check our publishings here.
Coming in May
This month will be challenging, rewarding, and very busy. Our team will be working hard on the frontend of the Qtum MVP. The goal of this is to create a user friendly interface that will make it easier for people to stake their coins together. We are also laying out our governance relationship with different native blockchains. Our goal is to develop a unified voice in the voting process of different blockchains to have a bigger impact in decisions than a regular node. We are looking forward to exceed expectations with the help of our great team and the excellent advisors that have jumped on board!