Dear Valued Users,
Today we are very excited to announce a new, groundbreaking offering exclusive to AAcoin Exchange:
Automatic staking pool of Verus Coin (VRSC) with a special intro fee of only 1% for life and instant access to staked funds for trading!
Verus Coin uses a unique consensus mechanism called Proof of Power, which implements a 50/50 Proof of Work/Proof of Stake algorithm. For participants in the Verus network, this means 50% of blocks are mined and 50% are staked...with block rewards paid accordingly. Staking Verus is as simple as holding VRSC in a Verus wallet and keeping that wallet online.
Staking VRSC is normally something you can only do from the official native Verus Agama wallet, however AAcoin is proud to offer our users with a unique auto-staking pool, meaning your VRSC wallet balance will be staking in a pool of all Verus balances on the AAcoin exchange! Because of how we’ve configured our system, nothing changes for users on the front end, your exchange Verus wallet will function as normal...with the added bonus of earning staking rewards!
Similar to how mining pools work, the staking pool means you earn a percentage of VRSC rewards related to your percentage of overall stake. However, since your balance is on the exchange you can trade and operate as usual and you’re just automatically benefitting from this new feature.
Not only are we making this awesome feature available to all users, starting immediately, we are offering a special introductory promotional fee of just 1% on any rewards earned, for accounts who deposit VRSC into their existing account or signup for a new AAcoin account and deposit VRSC before January 31, 2019. What’s even better, this special fee will apply for the life of your account! And there is nothing special you have to do to stake besides hold VRSC in your exchange wallet...staking is automatic to all VRSC balances!
Here’s how it works and how to claim your special 1%-for-life Staking fee to begin:
- Either login or register a new account
- Deposit VRSC to your VRSC Wallet, or buy VRSC on the market using BTC before Jan 31, 2019.
- Staking is AUTOMATIC on ANY Verus Coin balance held on the AAcoin exchange!
- If you are depositing into the AAcoin exchange, after just 25 confirmations you’ll be staking. If you buy VRSC on our exchange, your new VRSC balance is staking right away!
- Receive staking reward payouts every day at 7:00 PM PST for the previous days staking activity.
- Trade on your entire balance at any time, if your balance is staking you can still trade!
Any confirmed Verus Coin balance will begin staking and collecting a portion of staking rewards won by the staking wallet equivalent to your percentage of the staking pool, minus the very small fee of just 1% (for those who signup prior to Jan 31, 2019). The small fee is collected on any staking rewards earned. For example, if you earn 20 VRSC while staking, just 0.20 VRSC (1% fee) is paid to AAcoin.
Any participants who sign up for staking after January 31, 2019 will pay the normal fee of 20% of staking rewards.
A few notes regarding the AAcoin staking pool:
- The staking pool is an encrypted wallet kept on a secure server and all user assets are carefully tracked and managed with the same care as our normal exchange wallets.
- In the spirit of transparency, you can see the AAcoin exchange staking wallet on the Verus block explorer at: RT9pQds7GvXhdLwoWURy34eZ1JSLYkZUD7
- Coming soon: A dashboard for displaying user wallet balances and staking revenues to ensure full transparency.
We are very proud to offer this special staking pool in support of innovative projects like Verus Coin and as a token of our gratitude to our loyal customers. Thank you for being a part of our growing exchange and we hope you’ll try out new the staking feature and take advantage of our introductory fee!
We also welcome your feedback or questions and as always, look forward to helping you have an enjoyable, convenient and safe trading experience.
Your partners in trading (and now staking!) at AAcoin.
December 13, 2018
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