This story will be continuously updated leading up to the sales day.
TosDis is delighted to announce that our Initial Dex Offering (IDO) will be held on January 18, 2021, on the Polkastarter platform. The total sale is, however, will be split into two parts, which will be explained below in this article.
As you all might already know, TosDis has been a self-funded venture for its initial stage and there have been no seed rounds or private sales, resulting in no large token holders before the public offering. …
Staking is an alternative mining method and is one of the best passive income solutions in the crypto market. It provides a stable income and is also an extremely simple tool. In short, you need to buy a coin, block it in your wallet, and receive profit as a percentage. The profitability can vary depending on the platform.
Cryptocurrency staking has some major benefits:
🔹 It’s cheap. If PoW you need to buy expensive equipment and pay for electricity, PoS requires minimal computing power. A regular old laptop or mobile wallet on your smartphone is enough for staking.
🔹 It’s safe. PoS is much more resilient to 51% attack, as you would need to buy 51% of the coins to take over the network, but such an attack is economically disadvantageous. …
Currently, the phenomenon of cryptocurrency and its impact on the development of the financial system both globally and nationally is of considerable interest.
Blockchain is a distributed database that works on the principle of a P2P network. All computers store information about the state of the network, and transactions occur when everyone reaches a consensus.
Blockchain technology is “end-to-end,” that is, one that can be applied in many areas of the economy, management, including state and municipal, and the social sphere.
Benefits and prospects of blockchain
Already today, the blockchain has established itself as an excellent database that allows you to store information most reliably. …
What is Tosdis?
Tosdis is a new DeFi project, which combines the power of Staking as a service and Liquid staking for POS coins. In this way, we’re combining the best of both worlds — allowing crypto investors to stake their PoS digital assets via Tosdis EasyStake. At the same time, we take care of the technical aspect of the staking process and the benefits of liquid staking.
Bringing together Staking-as-a-Service and Liquid Staking
Tosdis is bringing together Staking-as-a-Service and liquid staking to unlock more generous access to digital assets.
It is a new word in the Proof-of-Stake algorithm’s improvement, allowing its users to use a platform-independent betting mechanism and increasing the liquidity of tokens. …
Staking is an alternative mining method. In short, you buy a coin, put it in your wallet, and make a profit. The profitability can vary depending on the PoS rules that apply to that network.
What are the benefits of cryptocurrency staking?
🔹 Staking is much cheaper. If, in the case of PoW, you need to buy expensive equipment and pay for electricity, PoS requires minimal computing power. A regular old laptop or mobile wallet on your smartphone is enough. It is only essential to be continuously connected to the network.
🔹 Staking is very safe. Of course, you can buy back 51% of all coins and take over the network, but you should understand that this is not practical for an attacker. For example, if now with the launch of the Ethereum 2.0 update. Ethereum switches to PoS, and if someone owns 51% of the network, what happens? The asset’s price will drop, and the owner will lose most of the money because he has more than half of the coins. Therefore, an attack on the network is economically disadvantageous. …
In an exciting step for the DeFi sector, Tosdis is bringing together staking-as-a-service and liquid staking to unlock greater accessibility to digital assets.
This new model will create a bridge between ERC-20 tokens and other blockchains to create free circulation of tokens wrapped and staked against TosdiS tokens between all networks.
The move brings crypto holders firmly into the DeFi ecosystem and will provide them with a new horizon. Holders can choose to stake their preferred cryptocurrency through Tosdis EasyStake and the resulting staked Tosdis tokens will be tradable or usable in DeFi scenarios.
Tosdis EasyStake represents an opportunity for the crypto community to participate in both liquid staking and a staking-as-a-service project and experience the enhanced interoperability available within the broader blockchain space, so we can further extend our reach into DeFi. …
We are entering the era of Proof of Stake and everyone is all about staking and blockchain interoperability. And while many projects and pools have made great strides in that direction, there still wasn’t one cross-chain dencetralized infrastructure with true real functionality.
Tosdis is the first-ever decentralized network that interoperates across chains and breaks down barriers to mass adoption. It integrates a flexible mechanism for smart contract staking, which will allow participants to lock and earn tokens on any ERC-20 tokens as well as tokens from other blockchains, such as Polkadot, BSC, Tron and more.
We are gearing towards rolling out a one-stop solution for Staking-as-a-Service so anyone, anywhere can stake the coins of their choice. …
As we’re drawing closer to Ethereum’s highly-anticipated ETH 2.0 upgrade and the transition to a proof of stake (PoS) mechanism, interest in staking crypto is growing.
Tosdis builds on Ethereum’s core concepts of open-source and decentralization to offer interoperability across chains and remove barriers to mass adoption. As more and more crypto projects are now utilizing cross-chain technology, we are paving the way to an interconnected blockchain environment.
As exciting as the new update to the Ethereum blockchain is because it will allow staking of ETH, it will not eliminate some of the network’s limitations. …