Basechain Staking - a high performance DPoS sidechain that acts as a bridge between multiple chains, with integrations to Bitcoin, Ethereum, Binance Chain, Tron (EOS and Cosmos coming soon). It supports EVM smart contracts and provides confirmation times per second for high-performance applications. Contents:
- How to get started with dapp?
- Earn in Basechain Staking
- The basics of betting in the loom platform
- Partners of the Basechain Staking
How to get started with dapp?
Any LOOM token holder can become part of Basechain Staking. To start go to your dashboard and follow these steps:
- choose your wallet from the available options - MetaMask, Ledger, Trezor and WalletConnect;
- add your LOOM tokens to the program;
You can start betting on Basechain now. The exchange already has safe bridges to the mainstream blockchains: Ethereum, Binance Chain and Tron - with bitcoins and more.
Earn in Basechain Staking
Basechain uses a consensus mechanism along with DPoS. There are a number of nodes that help to secure the network. Netizens help to choose them by voting in the telegram channel. The company actively uses social networks and communicates with all of its subscribers.
All you need to make money - a supported Ethereum wallet. From your wallet, you can place a bet directly on the Basechain dashboard. Application options:
- the "Redelegate" option helps to change which validator you delegate your tokens to;
- the "Consolidation" option allows you to combine all unlocked delegations for one validator into one delegation.
For example, if you ever have multiple unlocked delegations for a single validator, you can click “Consolidate” to consolidate them all into one delegation, so you don't have to click each one individually to lock them again. Just as Bitcoin and Ethereum receive block rewards and do not rely solely on transaction fees, Basechain will also have a pool of guaranteed block rewards, issued to network validators over time. Up to 20% of the remaining Loom Network token pool will be paid to validators every year.
The basics of betting in the loom platform
Firstly, select a supported wallet and fund it with LOOM and ETH. Basechain Staking currently supports the following wallets:
| Desktop wallets | Metamask, Leger Nano, Trezor. |
| Mobile wallets | Cobo Wallet (только HD-кошелек), imToken. |
Most importantly, be sure to top up your wallet with LOOM (ERC20) tokens and a small amount of ETH to pay for transaction fees on the Ethereum network. After choosing a wallet, you will see the following page - My Account. It shows your balance, the balance of the base chain, the timer of the election cycle and the current amount of rewards. You will be asked to sign an approval request transaction on the Ethereum network. When the confirmation request is confirmed, you will be prompted to complete the deposit by signing another deposit request.
Partners of the Basechain Staking
Basechain partners must run and maintain server hardware that handles all transactions in the chain. They ensure the health, performance and security of the network. The current list:
- Mythos - a cryptocurrency company that invests directly in crypto assets and also launches infrastructure services to run the underlying crypto networks themselves.
- Bitfish is fast becoming one of the leading betting projects in space. They are creating a platform that will allow anyone to stake their crypto versions, contribute to the security of the network and participate in the created value.
- Stake.With.Us - a Singapore based investment firm, specializing exclusively in early stage blockchain-powered projects, and they are among the best in the game.
- Chorus One builds the basic infrastructure for blockchain protocols, supports open access and no-privilege innovation. They manage validation nodes and breakdown services for Proof-of-Stake blockchain networks.
- ShipChain uses blockchain to disrupt the transportation and logistics industry and become the underlying platform for every operation.
- Block Matrix develops quality applications and infrastructure that interoperate with blockchain technologies while providing the right combination of performance, scale, stability and security. All of these partners make a huge contribution to the platform. The Basechain Staking is the most popular platform for making money now. Follow the updates in the telegram channel.