This project is a community-driven project which was established in November 2017. It was initially founded as an experimental platform whose aim was to deploy and test smart contract based games for ERC20 TOKENS.
The name will be STAKEIT, the symbol will be STAKE, it will consist of 8 decimals and the type will be ERC20TOKEN, The blockchain will be ETHEREUM.
The contract address will be: ox7D266ED871F24D7B4785A8B80ABB391178C48BAC.
The exchanges to be used include: MERCATOX (BTC), LESFEX (BTC), the token store will be added soon.
The maximum total supply will be 100,000,000 STAKE (100 MILLION)
The initial supply will be 5,000,000 STAKE (5 MILLION)
The initial supply was 5,000,000 STAKE and the Staking rewards is 95,000,000 STAKE.
It should be noted that staking rewards are not initially minted, it is has been estimated that it will take a period of about 10 years for all the staking rewards to be distributed.
A number of approximately 3 million was distributed as TOKEN SWAP for users who were holding OLD STAKE TOKEN.
500,000 Bounty Tokens was given for BITCOINTALK CAMPAIGN.
There are three main features of STAKEIT and they are:
• The Smart Contract Based Games.
• Decentralized Staking.
• The Merchandise Store.
It is going to be decentralized, with a promising automatic upvotes, it has a fair result generated by the smart contract (ORACLE).
It will include; simple dice, lottery, wheel of fortune and many others, it also requires a METAMASK.
There are 1000s cryptocurrency related products, there is an ability to pay with STAKE, there is an affiliate system, there are also revenues used to buy back and fund the staking smart contract.
Smart contract based games earn revenues whenever users lose their bets.
80% will be locked in the relevant smart contract and 20% will be used to fund future bounty campaigns.
The minimum coin age will be for 1 day which is 24 hours and the maximum coin age will be for 90 days,
The coin age will be calculated with this formula: The number of Tokens x The number of days held.
Currently, the current staking rate will be 300% annually, 25% monthly and 0.82% daily.
The merchandise store will have:
40% used to buy back and destroy stake tokens.
40% will be distributed to the core team members.
10% will be used to fund future bounty and giveaways.
10% will be donated to community chosen organizations.
###Source
Website: https://www.stake-it.com/
Whitepaper: https://github.com/StakeItToken/StakeIt/blob/master/StakeIt%20Whitepaper%20(English).pdf
Telegram: https://t.me/joinchat/Gvr3rxIrX8POvWSU0CIcig
Twitter: https://twitter.com/StakeIt_Token
Ann: https://bitcointalk.org/index.php?topic=2401104.0
Authored by: gbenga88
Bitcointalk URL: https://bitcointalk.org/index.php?action=profile;u=1874687
Eth Address: 0xdcef7d27bbaae609accdaf43ccf41b042beaffb4
