NULS tests new token staking service with Aleph, introduces a reward model

Home » NULS tests new token staking service with Aleph, introduces a reward model

In a joint effort, Nuls (an Enterprise-grade blockchain platform) and Aleph (a cross-blockchain layer-2 network) have carried out and completed testing of staked coin output (SCO) — a new staking service.

The new service applies a new reward model type to enable community members who stake tokens, to be given tokens after engaging on various projects on the Nuls platform.

According to the Aug. 13 press release, Holders of NULS tokens can select how they want to be rewarded for using validation nodes to participate in consensus.

The release stated as follows:

“Every NULS staker must hold 2,000 NULS because staking nodes validate blocks, while the NULS consensus nodes produce the blocks. When a staker delegates their node into a consensus node for an SCO project, such as Aleph, they can earn the alternative (Aleph) token instead of the NULS token as their consensus reward.”

Ostensibly, Aleph secured over 2.1 million staked NULS tokens valued around $1.25 million during the trial.

In late July, the Chinese CCID Research Institute released its latest rankings that placed Nuls in fourth place. The institute is China’s Ministry of Industry and Information Technology initiative that is aimed at providing a monthly cryptocurrency projects assessment.

A total value index used in the assessment takes into account various crypto’s properties like basic technology, innovation, and applicability.

Earlier this month, a dedicated analysis piece showed that the Tokenized Masternode Investment Fund, INDX, used the expected tokens yield to calculate the top-10 proof-of-stake (PoS) blockchains. Volatility, liquidity, volume, integrity, and risk was quantified to obtain the expected data.

Basing one the INDX’s proprietary algorithm, the following are the top-10 projects ordered according to the expected, predicted yield: Pundi-X, IOStoken, Cosmos, Waves, Qtum, VeChain, Tron, NEM, NEO, and EOS.


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