Everstake is a well-known Proof-of-Stake (PoS) infrastructure and Validator that provides users with a safe and dependable staking alternative. It created the network to appeal to the rising number of institutional investors and frequent users who were joining the market. As a result, it utilises cutting-edge security protocols to keep your crypto secure.
What issues does Everstake try to solve?
Users of the Everstake platform avoid some of the industry's most famous pitfalls. The network's open staking strategy aims to lower financial barriers by allowing everyone to gain passive income by securing PoS networks. The platform's interface, for example, is user-friendly and gives you access to all of the important data you need to protect your ROIs.
Technical Barriers
Another significant advantage of using Everstake is that you do not need to make a significant hardware investment. In a traditional staking case, you must first invest in costly hardware to ensure your node's reliability. Stakeholders are concerned about reliability because most PoS networks would penalise you if your node does not maintain at least 95% uptime. Thankfully, Everstake has a cloud-based strategy in place that ensures the node is managed by trained software and hardware engineers using cutting-edge technology.
Advantage of Everstake
Everstake's designers decided to make a simple choice. Staking pools on the network are safe and provide you with all the information you need to make an informed decision. There's also a bonus calculator to help you figure out how much the rewards will be if you use a certain technique.
Selection
Everstake has a wide variety of PoS networks to choose from. Staking options are available on the site for the most reputable projects on the market. You can stake Tezos, Symbol, Cosmos, EOS, Terra, and several other cryptocurrencies. You will see how much each pool is willing to pay for your participation. When you click on a network, you'll be taken to a page with more detail, including a section with frequently asked questions
Reliability
Everstake has a reputation for being a high-performing and dependable choice in the market. Enterprise-level servers are hosted throughout the network in different locations. With this advanced network topology, the platform will guarantee 99.9% uptime. When you use Everstake, you never lose rewards due to unreliable connections.
Automatic payout
Users of Everstake also benefit from automatic payouts, which is a pleasant feature. Smart contracts are used to measure and process the payouts. Your rewards are deposited directly into your bank account. You will then decide whether to save or reinvest your profits in order to increase your rewards.
Support
If you're new to staking, it may seem difficult. Everstake provides round-the-clock customer service to ensure that all users can safely access the network and stake their coins. You can reach out to the customer service team by submitting an email ticket. There is also a learning centre for all of the most often asked questions from new stakers. The website is special in that it has a forum devoted to "what is staking?" The platform's ability to inform and educate its users is reflected in this decision.
How Everstake works
To ensure optimum performance and security, Everstake uses enterprise-level hardware. The platform has a simple user interface that is free of frills. You'll have no trouble finding the information you need to advance your staking plan. Everstake achieves its goal by allowing investors to stake PoS digital assets and gain returns in this way.
Staking
Everstake includes non-custodial staking. When you don't give your coins to the website, it irritates me. You can connect with the staking pools directly from your wallet thanks to the protocol. Since there is no wide group wallet to hack, Everstake remains an unattractive target for hackers.
Delegate
On the website, everyone can assign their coins to Validators and earn 5% to 20% annually. Delegated PoS (DPoS) networks have never been more common. Standard stakers may assign their coins to Validators, which sets these networks apart from other PoS alternatives. When validators collect delegated tokens, they boost their chances and obtain more voting power.
How to use Everstake
To begin using Everstake, go to the website and press the Register button in the top right corner. This action will bring up a splash screen asking for your email address and a password. You'll have to agree to the terms of service as well.
You can start staking your coins once you've been authorised. You can see the network's latest stats by scrolling down the homepage. The network's staked assets total $1,002,480,974 at the moment. A table of the available coins appears below the statistics. The network and a percentage will be shown in - box. There's even a button that says "Stake Now."
When you click Stake Now, you'll be taken to a technical page with the staking address, instructions for delegating your coins, frequently asked questions, and real-time statistics. Add New Address is a button at the top of the list, directly underneath the staking address.
After you've entered your wallet address, you can determine how much you want to stake. If you're not sure how much you'll make, use the calculator to figure out exactly how much you'll make. You can monitor your earnings on a regular, monthly, or annual basis. Choose your stake number, and your winnings will be deposited directly into your pocket.
Final Thoughts
Only a cursory glance shows that Everstake did not waste their budget on a shiny website. The portal is easy, to say the least. Anything you need is right at your fingertips, and you can choose from a variety of PoS and DPoS networks. Everstake is worth checking out because of its feature set and outstanding 99.9% uptime.