Edgeless improves the staking platform

Edgeless has improved the staking platform. The new dashboard itself has clearer UX for onboarding new users and an easier registration process.


Users can deposit to staking not only with EDG but with many other cryptocurrencies as well.


Users also have a new infographics board allowing them to view not only their participation in the current round but also the statistics of the previous round and the possibility to make an early stake in the upcoming round (if he is not participating in the current one).


40% from the bankroll surplus

Reward offered in staking rounds: 40% of the bankroll surplus. Stakers get a part of the reward proportional to their initial number of EDG tokens staked.


Edgeless Staking Loyalty Program

Since staking revolves around community, Edgeless is introducing a new feature which will incentivize community growth and reward heavily contributing individuals. This feature is called the Edgeless Staking Loyalty Program. The Loyalty Program ranks every individual, categorizing them into 3 different levels: Silver, Gold and VIP.


Example:

- Total staking pool is 5 million EDG tokens.

- Edgeless bankroll surplus is 1 million. 40% of 1 million is 400K.

- Staker A who owns GOLD status stakes 50K which is 1% of the entire staking pool. 1% from 400k surplus is 4k EDG.

- Staker B who owns VIP status stakes 50K which is 1% of the entire staking pool. 1% from 400k surplus is 4k EDG.

- Staker A reward is calculated using multiplier mentioned above: 4000 x 0.5 = 2000 EDG. Staker A who owns GOLD is rewarded 2K EDG tokens.

- Staker B reward is calculated using multiplier mentioned above: 4000 x 1 = 4000 EDG. Staker B who owns VIP is rewarded with 4K EDG tokens.

How does it work?

Every new staking participant receives VIP status for 4 rounds. To achieve extended VIP status, staking participants have to invite friends to stake. 1 friend gives you 2 staking rounds as a VIP.



Once a staking participant has used his VIP status in all 4 rounds, his status is degraded to Gold, which lasts for an additional 4 staking rounds. Once all Gold rounds are used, his status is degraded to Silver.

Example:

A staking participant has 2 VIP rounds left with a reward multiplier of x1. Once all VIP rounds are used, the staking participant is degraded to Gold which lasts 4 additional rounds. If the staking participant invites a friend, he is upgraded again to VIP. 1 friend is granted 2 extra rounds with VIP status.


If you are participating in the 7th staking round, you will have VIP status for 3 rounds (7th, 8th, 9th)


Important note:

The bankroll staking model is created to factor in recent legal developments in the crypto sector. Similar staking mechanisms are used by other crypto projects.

The Edgeless team follows all legal developments and, if needed, in the future there will be changes made to the principles of staking so that our activities will be in line with regulations.

The EDG token is a UTILITY token. It has no profit sharing, dividends or any other features associated with securities.

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Latest comments
May 28, 2019 12:04 PM
From Edgeless: Thank you for participating in this competition. Before announcing the winners, we want to remind you the rules of this contest. To win for the player, it was necessary to do:- From the 20th of May 2019, deposit 300 EDG or more in one go and play Edgeless Dice. The deposit could be done with EDG, BTC, ETG, XRP, BCH, EOS or any of the other top 170 cryptocurrencies. - Till May 27, at 10 AM GMT +0 write his Edgeless username/ nickname + share your biggest win made with one roll in the comments section under this post. After reviewing all the results, who made a deposit and shared the biggest win, Edgeless would like to announce two winners - Boxter and Pandaontherock. Other participants of this contest did not deposit 300 EDG or more. Boxter and Pandaontherock will share the prize pool of 500 USD. Boxter will receive 65% of the pot, Pandaontherock will receive 35%. More information for winners will be send through emails.
From Edgeless: Thank you for participating in this competition. Before announcing the winners, we want to remind you the rules of this contest. To win for the player, it was necessary to do:- From the 20th of May 2019, deposit 300 EDG or more in one go and play Edgeless Dice. The deposit could be done with EDG, BTC, ETG, XRP, BCH, EOS or any of the other top 170 cryptocurrencies. - Till May 27, at 10 AM GMT +0 write his Edgeless username/ nickname + share your biggest win made with one roll in the comments section under this post. After reviewing all the results, who made a deposit and shared the biggest win, Edgeless would like to announce two winners - Boxter and Pandaontherock. Other participants of this contest did not deposit 300 EDG or more. Boxter and Pandaontherock will share the prize pool of 500 USD. Boxter will receive 65% of the pot, Pandaontherock will receive 35%. More information for winners will be send through emails.
May 26, 2019 9:03 PM
my nickname - TinyQueen104 , biggest win +1960 EDG
my nickname - TinyQueen104 ,  biggest win +1960 EDG
May 25, 2019 4:45 PM
My nickname is HotPulp52, biggest win +4900.00 EDG
My nickname is  HotPulp52, biggest win +4900.00 EDG
May 25, 2019 12:28 PM
Hello! My nickname is WisePrince3845. Biggest win +3458.42 EDG
Hello! My nickname is WisePrince3845. Biggest win +3458.42 EDG
May 25, 2019 5:20 AM
+695
+695
May 24, 2019 1:16 PM
Hi. My nickname is FastPie714. Biggest win +1376.90 EDG
Hi. My nickname is FastPie714. Biggest win +1376.90 EDG
May 24, 2019 12:08 PM
my bigest win is 300 edg my nickname is GreedyHorse41v
my bigest win is 300 edg  my nickname is 
GreedyHorse41v
May 24, 2019 11:26 AM
My nickname is Boxter. Biggest win +245 EDG
My nickname is Boxter. Biggest win +245 EDG
May 23, 2019 3:10 PM
My nickname is Pandaontherock. Biggest win +45.27 EDG
My nickname is Pandaontherock. Biggest win +45.27 EDG
May 20, 2019 1:30 PM
Here’s example: Hi. My nickname is User12345. Biggest win +300.80 EDG
Here’s example:

Hi. My nickname is User12345. Biggest win +300.80 EDG

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