What started as an experimental platform to deploy & test ERC20 token smart contracts began to form a unique identity of its own. StakeIt (STAKE) is a truly community-driven Proof-of-Stake (PoS) ERC20 token, allowing you to stake your tokens, play smart contract based games, and purchase various cryptocurrency related products on the StakeIt Merchandise Store.
We strive to create innovative real-world use cases for STAKE. You can purchase hundreds of cryptocurrency related products and services with STAKE through the StakeIt Merchandise Store. Guaranteed higher exchange rates for STAKE, allowing users to enjoy up to 10% discounts on orders.
*Staking reserves were not pre-distributed/allocated. It can only be retrieved as a user claims his/her staking rewards. Expected period of complete distribution: 8-10 years.
Community-members on the Bitcointalk forum gathered to discuss about ERC20 tokens and smart contracts. It started as a simple community to share ideas, collaborate, deploy, and test smart contracts. The community started to form a unique identity of its own with members consisting of solidity developers, ICO investors, and various cryptocurrency and blockchain project marketing gurus. At this point of time, there were no Proof-of-Stake ERC20 tokens deployed on the Ethereum blockchain. After various market tests, 4 members of the community gather to form a team and the rest is history.
To secure enough funds for the project, an alpha version was launched, featuring a pre-token sale. Over 500,000 tokens were sold within a period of 14 days.
Final deployment of the token contract & public token sale begins. Over a period of a month, 2 million+ tokens are sold to the public. The token sale ends successfully as with the no soft cap/hard cap policy.
Online arcade, centralized staking, scratch card games, web-based bounty platform, ad platform, and various gaming smart contracts are deployed, tested, improved, and dismissed.
Complete shift from a centralized system to decentralized platform running on smart contracts. Main features of STAKE is identified - Smart Contract Based Staking, Smart Contract Based Games, Merchandise Store.
Due to a breach on the staking smart contract which contained 70 million+ tokens, the old STAKE contract is abandoned. New token contract is developed under better security standards and true Proof-of-Stake feature readily implemented. Whitepaper is modified to reflect the changes. Token swap is provided towards all users who had balances before the incident.
Merchandise store launches with just over 50 products. Various market tests to be continuously conducted to optimize products according to the trends of the market.
Dice game is paused due to the smart contract breach. New smart contract based games to be developed under better security standards.
Full list of future plans are available on the whitepaper .
Just to summarize some of what's to come in the near future: