A few hours ago through a tweet, Zilliqa announced its support to RockX for the launch of a crypto staking platform.
We are thrilled for @xinshudong as he embarks on this new venture. Such people of knowledge, vision and experience are much needed to propel the blockchain ecosystem forward. He will surely make strides with RockX..Here's wishing him all the success! https://t.co/obfluyrkCV
— Zilliqa (No airdrops or ETH giveaways) (@zilliqa) August 6, 2019
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.