What is SMARTSTAKE?
In this article you will read everything you need to know about WEWE Global’s SMARTSTAKE.
What is SMARTSTAKE?
SMARTSTAKE is a platform designed to make it easier for people to take part in the decentralized finance (DeFi) and masternode markets. You don’t need to spend tremendous amounts of cryptocurrency or knowledge, in order to use the platform. You can choose which token to deposit and activate as a stake. When you register, you will receive a Staking and Masternode Pool account and an arbitrage service.
What is staking? A quick reminder
Do you know what staking is? Staking is the process your wallet takes to validate transactions and reward you with tokens. When your wallet is staking, it checks transactions to make sure everything works properly. If most stake wallets agree that a transaction is valid, it is accepted by the network and the system carries out the transaction.
What is a SMARTPOOL license?
A SMARTPOOL license is a software license that allows you to participate in multiple masternodes, without the need to choose a specific one. This license has the task of managing the maintenance, connection and distribution of rewards.
After receiving software from our SMARTPOOL license, your token will be sent directly to the pool and will be converted into various masternode tokens. We use a multi-currency conversion framework and a machine learning tool to build a portfolio based on the best risk-reward ratio of the most profitable masternodes. Machine learning can assemble and disassemble masternodes during a working day, so to maximize rewards or to safeguard the pool when needed.
What is a masternode?
Our framework is intended to make the most of the existing masternodes. But what exactly is a masternode? A masternode is a server that runs beside the blockchain system. It’s a sort of second layer of the blockchain. Masternodes are made of nodes, and their purpose is to improve the services of the blockchain network. Instant transactions are made thanks to the masternodes’ efforts. They can also contribute to securing the network from malicious nodes. Masternode pools allow you to combine your funds with other people’s or groups’, in order to meet the staking requirements for a masternode. Everytime the masternode receives a reward, that reward is shared among the participants of the pool, in a ratio proportional to each member’s stake.
To sum up
The most important thing to know is that SMARTSTAKE gives people the ability to easily manage various cryptocurrencies and tokens. Are you ready to test it?
