Introduction

Crypto-Bridge is a gateway service for the Bitshares Exchange. They allow users to move coins to and from the Bitshares DEX. They offer a similar function to Openledger and Rudex. I've been following Hive account@mindphlux on Telegram for a while now and was intrigued by his concept of a syndicated gateway network. While he has not yet syndicated the network, he has created some innovative ways for individuals to share in the profits of the network by staking BCO, BridgeCoin. It's smart to get users to stake coins because it ties them up and reduces supply thereby increasing the price on the open market. By tying up the coins for ever-increasing amounts of time, the end user has the ability to earn greater rewards. In essence, staking a coin involves placing the coin is a vesting status similar to STEEM power. At the time it appears that the payout is monthly but please offer a correction if I'm wrong.

From the official announcement:

During the staking period you will automatically receive bi-weekly payouts to your account on CryptoBridge.

Purchase BCO and stake it

BridgeCoin can be purchase on the DEX here. Once purchased, you can visit their exchange of follow this process for staking.

I staked about 6,000 shares and will report back when I receive my first payouts. If anyone reading this article has evidence to support past payouts, it would be helpful to hear some metrics to know whether this is a worthwhile strategy.