RockX today announced its cryptocurrency staking service via a mobile application.
RockX is a Singapore-based startup and has recently created a platform allowing users to easily participate in the governance mechanisms of various blockchains and decentralised systems.
Founded by Alex Lam, CEO of RockMiner, and Xinshu Dong, co-founder and former CEO of Zilliqa, RockX aims to create a bridge between less experienced users and the digital assets market, allowing consumers not only to manage their own cryptocurrency but also to participate directly in the staking mechanisms offered by some blockchains, thus profiting from their own funds.
RockX: the debut of the cryptocurrency staking service
Announced today during an event dedicated to cryptocurrency staking, the company confirmed that this service will soon be supported by the mobile application of the same name, further simplifying access to the platform.
The application, in fact, which was unveiled to the public at the event, will allow users of the service to take advantage of the Proof-of-Stake (PoS) offered by the public blockchains of the relevant coins; in the future there will also be a solution of Hybrid Proof-of-Work (PoW) to increase the available possibilities.
Initially, this service will only allow the staking of selected cryptocurrencies, thus offering users the possibility of obtaining passive revenues with a certain regularity, based on their participation.
Currently, the assets include IOST, Cosmos, Terra, IoTeX and ARPA, but other currencies will be added shortly.
Commenting on the launch, RockX CEO said:
“Professional, easy-to-use Staking-as-a-Service platforms are what the digital assets sector needs to bridge the gap between crypto enthusiasts and the masses. These are the customer-focused services which will draw mainstream users to the space, particularly during ongoing market volatility. With our product launch, users can easily earn rewards on their passive holdings. RockX is promoting long-term, sustainable growth for the industry—we look forward to introducing a range of products creating a more predictable marketplace suited to institutional actors as well as consumers”.
RockX has already received several grants from leading Asian companies involved in digital assets and blockchain technology. At the launch event, the company partnered with Matrixport, Bitpie and Terra.
Cynthia Wu, Vice President of Martixport, said:
“As the blockchain industry grapples with the question of user acquisition, there is real value in providing consumers with the knowledge and tools necessary to embrace digital assets and the benefits they can accrue. However, those dedicated to bringing digital assets to the masses and building a sustainable future for the blockchain sector must work together with like-minded projects to make this vision a reality. We look forward to co-creating the necessary safeguards for blockchain’s mass adoption with the RockX team”.
RockX has revealed that they will soon release the homonymous mobile application, offering an even more user-friendly solution to their users. Through the app, end-users will be able to join both PoS Staking and PoW mining. In the future, additional services will be introduced, some of which will also be dedicated to trading and investing.
The application is expected to be available in the coming weeks.