1/ We’re pioneering Stake-to-Subscribe (S2S) and here’s why we think it’s going to be huge.
Everyone’s familiar with (i) Web2 subscription models (ii) Staking PoS tokens, as separate concepts.
But have you seen an app where you stake your assets to subscribe to an app?
🧵 👇🏻
Everyone’s familiar with (i) Web2 subscription models (ii) Staking PoS tokens, as separate concepts.
But have you seen an app where you stake your assets to subscribe to an app?
🧵 👇🏻
2/ Subscriptions are out-of-pocket expenses that you usually pay upfront. Paywalls are tricky but hey, businesses got to feed their employees. Subs are paid mthly or yearly and that’s ‘blocky’ - If you stop receiving utility, too bad, you’ve already paid for the sub term.
3/ Then let’s talk about validators: They are an important part of Proof-of-Stake (PoS) networks like Terra and token holders can delegate their native coins to earn rewards while validators take a commission for maintaining the network.
4/ As Web3 adoption scales and documentation improves, more companies start finding it lucrative to run validator nodes if they have the know-how. Performance metrics like Uptime and Commission start converging as the market matures - how then do you decide who to stake with?
5/ Introducing the Stake-to-Subscribe (S2S) model. Users can now S2S to platforms (with validators) which provide actual utility to them.
6/ By simply connecting your Web3 wallet, a platform can retrieve the amount of coins that you have staked to their validator, and immediately reward you with premium features and differentiated UI.
7/ This model is also incredibly efficient for platforms: When the user delegates the staked asset, access is granted immediately. When the user unstakes/redelegates, access is gain/lost immediately - all without a centralised intermediary (like most traditional Web2 systems).
8/ To our knowledge, Coinhall will be the first to pioneer this and our subscription system will not just be governed by tiers, but also via a continuous spectrum where you get linear marginal benefits based on your Luna staked.
9/ For our beta launch, based on the amount of Luna staked, users will be able to get deeper access into features like Starred Pairs, Price Alerts, Historical Txs, and discounted Hallswap Fees.
We have an exciting roadmap planned with more premium features to reward our users.
We have an exciting roadmap planned with more premium features to reward our users.
10/ Find out more about our thoughts about S2S and the future of validators here:
@Coinhall/stake-to-subscribe-and-the-future-of-pos-validators-890cbb546c0c" target="_blank" rel="noopener" onclick="event.stopPropagation()">medium.com
#coinhall #stake2sub
@Coinhall/stake-to-subscribe-and-the-future-of-pos-validators-890cbb546c0c" target="_blank" rel="noopener" onclick="event.stopPropagation()">medium.com
#coinhall #stake2sub
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