RockX: a platform supported by Zilliqa for staking crypto
Crypto

RockX: a platform supported by Zilliqa for staking crypto

By Alfredo de Candia - 7 Aug 2019

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A few hours ago through a tweet, Zilliqa announced its support to RockX for the launch of a crypto staking platform.

 

This collaboration between the former CEO of Zilliqa Xinshu Dong and RockMiner founder Alex Lam, who through RockX will launch a Staking-as-a-Service platform, wants to “bridge the gap between crypto veterans and novices,” as explained in the press release.

The Staking-as-a-Service is a service that allows users to stake, or lock, their cryptocurrencies for a return. In short, a bit like when putting savings in a bank and obtaining a % interest at the end of the year.

Coinbase and Binance, for example, also provide a similar tool for some cryptocurrencies such as Tezos (XTZ).

Through the RockX platform users will have the opportunity to receive rewards from the cryptocurrencies that they decide to stake on blockchains that use the PoS (Proof-of-Stake) system.

Alex Lam explained the advantages of this:

“Through RockX, we hope to safeguard the PoS ecosystem – providing secured and verified transactions and cultivating good-governance across the industry. By establishing ourselves as a trusted partner to PoS networks, we will connect projects and token holders so that they not only benefit from our expertise, but our dedication to the sustainable development of the blockchain industry”.

For the moment, the RockX platform allows only the staking of a few cryptocurrencies such as Cosmos, IoTeX, IOST, Qtum and Terra, while other projects will be added during the course of 2019.

Alfredo de Candia
Alfredo de Candia

Android developer for over 8 years with a dozen of developed apps, Alfredo at age 21 has climbed Mount Fuji following the saying: "He who climbs Mount Fuji once in his life is a wise man, who climbs him twice is a Crazy". Among his app we find a Japanese database, a spam and virus database, the most complete database on Anime and Manga series birthdays and a shitcoin database. Sunday Miner, Alfredo has a passion for crypto and is a fan of EOS.

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