End of Beta — Revised Whitepaper, Decentralized Staking, Updated Roadmap

StakeIt’s beta testing phase is now over. We have implemented and tested various concepts and ideas ranging from centralized-platform based staking and games to flash arcades and an advertisement (bounty) platform.

After much feedback from the community, we have decided to remove the flash arcades, centralized staking feature, and platform based games.

StakeIt will now focus on mastering the 3 main features — Smart Contract Based Games, Smart Contract Based Staking Feature, and the Merchandise Store.

Check out our new project motto:

 
Decentralize It. Innovate It. Community-drive It.

Decentralized Staking Feature

We are currently developing a smart contract allowing users to stake their tokens in a decentralized manner. Users will be able to stake their tokens on a daily, weekly, and monthly basis by simply depositing into the smart contract.

All tokens in our STAKE RESERVE addresses (approximately 74 million tokens) will be transferred & locked in the smart contract. The smart contract will securely and automatically handle all deposits, withdrawals (when users cancel their staking plans), and payouts upon completion of staking plans.

The staking rates will constantly change according to the changing values of STAKE. This process is explained in the revised (simplified) whitepaper available below.

The image below is a draft image of the staking feature. Users are required to install MetaMask on their Google Chrome or Firefox browsers.

StakeIt v2 & Revised Whitepaper

The revised whitepaper for StakeIt (STAKE) is here. This marks the end of StakeIt’s beta testing period and the beginning of StakeIt’s long journey to success. The project will be focused on further developing the 3 main features — Smart Contract Based Games, Smart Contract Based Staking, Merchandise Store. It is recommended that you read the new simplified whitepaper to grasp the picture of where the project is headed.

Updated Roadmap

A Note to Early Adopters

If you are currently actively staking your STAKE tokens on the website, please withdraw them via My Account -> Profile -> My STAKE -> Withdrawals. If you are facing problems, please email support@stake-it.com or contact us on Telegram.

Bitcointalk profile: redtrust
Ethereum Address :0x96b34E3c398b1044430c329032457a3fC064cd46