This article was first published on Stories by NULS on Medium
SCO Lab Introduces Sponsors and Co-sponsors
50 media companies and 13 institutions were in attendance as NULS introduced the SCO model (Staking Coin Output) to the Chinese blockchain and cryptocurrency industry. SCO is a brand new way of issuing assets on chain, by distributing project tokens to public chain PoS and DPoS stakers that participate in SCO nodes.
At 7:00 p.m. on August 15, over a dozen elite blockchain institutions, under the witness of 50 media associations and hundreds of industry insiders, held an online introduction to formally establish the blockchain project incubator, SCO Lab.
The first members of SCO Lab included, NULS, Staking2, BitSG, Xionglin Capital, BlockCapital, HashQuark and BISS, with the following six co-sponsors: Turbine Capital, CoinALL (OKEx), Nabox, BW.com, StakingScan, and CoinInn.
At the launch meeting, SCO Lab members explained in detail why the SCO is the ultimate blockchain revenue solution, and why the SCO mechanism can start a staking 2.0 era, including how SCO Lab will plan the SCO industry’s progression.
The following is a transcript of the highlights of the meeting:
I.. SCO Lab Sponsor Introductions
(1) Liesa, CEO of NULS Core Team: “SCO utilizes POS public-chain assets as miners. SCO Lab has initiated the ‘SCO 11’ a Superstar Enabling Program to fully support 11 high-quality blockchain projects.”
“SCO (Staked Coin Output), proposed by SCO Lab, is a new way of issuing assets on blockchain, which allows blockchain project parties to earn revenue and offer new project tokens through the use of staking rewards distribution and smart contracts.
Generally speaking, participants can stake NULS or other PoS assets to mine other tokens, while the corresponding SCO project obtains the consensus rewards of the PoS chain asset to use as operating funds. This pattern of asset issuance on the chain allows investors to withdraw their stake ...
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Stories by NULS on Medium