What is this? Normally we hear about mining, cloud mining, mining farm, you have to buy a package, big investments... nothing of all this. Now we talk about the alternative to mining, "staking". To do this, we need a different sort of cryptocurrencies, based on Proof of Stake (PoS), so that you "stake" in the pool your coins and periodically you receive a profit on the balance of each coin.
Casually I bought about 3400 XGOX on Cryptopia, some time before knowing of SPP, not aware at that time it was a PoS coin and so I transferred all the amount on SIMPLE POS POOL platform and the Pool did produce globally about 800 XGOX.
In the meanwhile I added other coins to the Pool, some new faucets are giving free Pos coins. The staking platform is doing this in exchange for a fee on the profits.
This is a sample of my activity
SIMPLE POS POOL is completely automated. In the deposit page you can choose the coin you wish to deposit, let generate the deposit address and just send your coins.
After this operation, the platform will start to work and you'll see day by day your balances increasing.
In the stakes page it's visible all the chronology of your stakes.
It is possible to deposit coins in shared Masternodes, where profits are greater than in staking.
The difference is that in normal staking you can withdraw your coins anytime, masternodes freeze your coins till the expiring date.
In the image is selected DEV Masternode where it's possible to send minimum 10 DEV per slot.
The magic here is that you don't pay any rent as in the cloud mining, only some fees on each reward that are pratically invisible, to maintain the service.
It's useful to join Discord Community to receive any sort of help and for participating to the many initiatives prompted by the staff.
The "Bounties" are campaigns launched frequently to get some more coins with performing simple tasks.
It's really a dynamic service and active staff.
Here is what they say about their Platform:
Pros:
An intuitive user interface to control the community pool.
Reward time is shorter when you are together with our pool.
Together we earn higher rewards than individually.
We have a lucrative referral system.
We are absolutely transparent.
Our pool is completely independent.
No restrictions on deposits or withdraws.
No cost for hardware for you.
No cost for electricity, computer or server.
Completely secure and stress-free.
Cons:
You have to trust us.
Well, the "cons" I think are in any sort of platform, and sooo.... not that bad....
This is a service I find very useful, simple, efficient.
If you like and wish to try SIMPLE POS POOL you can join here https://simplepospool.com/?ref=SIRGANDALF
