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Author Topic: DCRStake.com Next generation Decred staking  (Read 181 times)
DCRStake (OP)
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February 10, 2018, 01:59:41 PM
Last edit: February 10, 2018, 02:10:17 PM by DCRStake
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www.DCRStake.com Next generation Decred staking

Introducing DCRStake.com

DcRStake.com is a collaborative platform where people share voting authority as well as ticket reward on a per-second basis

Decred staking problem
Decred staking has two major problems:
- Very high ticket price which prevents most people from participating in POS as well as voting in agendas
- Ticket lock time where money can't be spent which is usually more than 28 days

Solution
An efficient ticket, vote, and reward sharing platform where users collaborate to participate in POS, help shape the future of Decred, and share tickets' rewards without the usual limitations of Decred POS.

How does it work?
Users deposit some Decred through the service website, that money are used to buy tickets and whenever a ticket votes, the reward is distributed among all participants who had balances during ticket life time, in the meanwhile when a user requests to withdraw all/some of his money, the withdrawal request is recorded in a "pending" state and gets processed once there are enough funds and he gets rewards based on the time span he participated for all tickets that were live during any point of time where he had balance at.

How about votes?
Agendas votes are handled using a similar approach where each user has a voting authority proportional to his balance and how much time he had this balance.
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