IT'S HERE! EOS REX Could Be Game Over For Dapp Platforms
Is this title of this episode hype? Maybe 10%, but that means 90% not hype so let me present the information so you can decide for yourself.
Let’s do the actionable / practical part first then get onto the broader view.
So if you have an EOS account, if you have EOS tokens in that account, if that account is setup in your Ledger or Scatter wallet, and you want to completely automate the process of renting out your spare tokens, here is a very simple, standardised process to follow.
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Great be here already ... will be again soon ... :D
Thanks CC, I am not dapp developer but being a small investor I do appreciate to see options on how easy it could be to 'stake' any amount of EOS by lending out that EOS to REX ... Thanks ...
Awesome. I dont think EOS will be the one for big transactions and contracts but for dapps and micro transactions its great.
The REX requirement is for 21 votes or selected proxy.
My vote proxy = chrisjsconey
Posted using Partiko Android
Wow... yeah EOS Titan seems to make Chintai seem downright clunky!
Although excited about the possibilities, I still have some basic concerns. Forgive me if these answers are obvious and I'm just not getting it.
As the lender, do you still own your tokens or are you giving ownership to the borrower? Is there a guarantee that your tokens will be returned? I seem to recall that Chintai looked great then there was an announcement that the government was actually taking ownership of the process such that the lender had to trust that the tokens lended would be returned? I've never heard a story about something negative happening, but would still like to understand the workings behind the process.
In short, are there the aforementioned guarantees? And do I lose ownership for the time of the lending period? Understood that I've lost the right to trade them for the time lent, just not clear on whether they are automatically returned at the end of the lending period, some action must be taken by me to reclaim or re-lend, or does the return process default to giving back the tokens unless I proactively choose to lend again?
As I ask, the answer seems more clear that I just need to go to the site and read the rules.
Echo some of the comments, major advantage for EOS among the Smart Contracts contenders. Agree on the security concerns shared by others below.
Developing on EOS is now very cool :D
Sounds great. I somehow lost my trust in EOS. It seems irrational, but this it how it is for me.
This is a really great option for those of us seeking to earn a return for our stake! I will be checking this out for sure! Thanks for sharing!