This article was first published on Wanchain - Medium
Wanchain is thrilled to announce Ztake (pronounced “z-stake”) will be joining our network as a Validator node upon the upcoming launch of Wanchain’s Proof of Stake. See all upcoming product launch dates here.
Ztake, a US-based Validator, is a leader in the Staking as a Service (Staas) segment and currently the #24 ranked nodes for Cosmos with ~1.7 million ATOMs staked. Ztake also supports POA, xDai, Polkadot (testnet), and will support Ethereum 2.0. Read more on Ztake’s website here.
Validator nodes will start coming live on Tuesday, August 20th and participants will be able to stake as soon as the nodes are visible on the network. The official “switch” to Proof of Stake will occur on Tuesday, September 3rd, so users are highly encouraged to stake their WAN before this date. After September 3rd, staking rewards will become active. Based on the many assumptions in our internal model, users can expect ~11% annual returns. More on Wanchain’s Validator econonimcs and parameters here:
Beta testnet has been very successful for the Wanchain dev team, with ~140 nodes joining the testnet. Stress tests and bug fixes have gone smoothly, and the team is confident in the mainnet readiness leading up to August 20th and September 3rd. See the article below for more information on beta testing.
Ztake is a unique team of highly trained professionals specialized in operating validator nodes and based in Seattle, Washington. We have a proven track record as an infrastructure operator for PoA and PoS networks. We believe that these technologies will form the next significant chapter in the blockchain revolution. Our mission is to help retail and institutional investors stake their crypto assets ...
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Wanchain - Medium