Staking for profits is about to get a whole lot easier thanks to a new venture by Xinshu Dong, co-founder of Zilliqa, and Alex Lam, founder of RockMiner. Singapore-based RockX is launching a new Staking-as-a-Service platform, which aims to ‘bridge the gap’ between the cryptocurrency veterans and novices.
RockX gives users the opportunity to earn rewards by submitting their cryptocurrency holdings for staking on partnered PoS blockchains. Contributors will receive regular staking rewards based on their contributions. The goal is for these services to cater to both individual and institutional clientele, addressing a number of PoS and PoW blockchain protocols.
Alex Lam is a long-established veteran in the cryptocurrency business, having founded RockMiner in 2013. The company continues to operate mining farms throughout China and offers cloud mining and miner hosting services as well as mining hardware.
Lam explains that the benefits of the RockX service go well beyond staking rewards, “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.”
Xinshu Dong has earned a trusted reputation as a prominent scientist and practitioner in building secure systems, including his work as the technical lead for a number of projects and his role as the former CEO of Zilliqa.
“RockX is aiming to bridge the gaps, offering token holders and future users convenient and friendly means to earn ‘rewards’ on their holdings,” Lam explained. “Moving forward, we plan to bring additional industry-grade crypto-deployment services to market, unlocking real value for token holders and accelerating industry maturation.”
A number of venture capital funds, including Signum Capital, Ceyuan Capital, Galaxy Realm, and Alternity Capital, have contributed support for the new service. Founders of several prominent blockchain projects, including Patrick Dai of Qtum and Bo Dong of Altonomy, have also chipped in toward investment.
John Ng of Signum Capital expressed his faith in the RockX team, saying, “We are extremely optimistic about the potential of RockX moving forward, and their ability to bring tremendous enhancements to the crypto services space.”
RockX users will be able to stake their digital assets “in select blockchains”, beginning with Cosmos, IoTeX, IOST, Qtum, and Terra. The company plans to add more projects throughout the remainder of 2019.