POOL OF STAKE

The era of cryptocurrency began a few years ago in 2009 when the first ever cryptocurrency was introduced to the world; Bitcoin was introduced and paved the way for several other cryptocurrencies. Bitcoin is based on a consensus algorithm called the PoW (Proof of Work). The Proof of Work algorithm might have been sufficient during the inception of cryptocurrency but it isn't as sufficient as it used to as it now exhibits different fundamental problems and signs of unsustainability as Bitcoin mining activities keep increasing the growth rate of the network. This led to the step of creating an advanced algorithm, " Proof of Stake" (PoS), a step higher than the Proof of Work Algorithm.
The order of business now is the porting of blockchain projects from the Proof of Work algorithm to the Proof of Stake algorithm; This is where the Pool of Stake comes in.

When the porting from the Proof of Work to the Proof of Stake is done, the Pool of Stake essentially creates links between Proof of Stake coin holders to create a revolution in cryptocurrency mining.
There are various visible differences between the Proof of Work algorithm and the Proof of Stake algorithm although the core difference between the two is the mining model. The only way to mine cryptocurrency in the Proof of Work algorithm is through computational power from CPUs and GPUs. In Proof of Work algorithm, the structure of the mining process is more or less centralized which could as well mean "trouble brewing" in the blockchain ecosystem. The centralised mining structure of PoW comes with a whole lot of problems and dangers to the mining community and an algorithm that invariably removes the imminent existence of these problems by its completely different structure and makes mining pools to be decentralized is the Proof of Stake algorithm.

The Proof of Stake algorithm, miners are not exactly referred to as miners as they do not actually mine any new coins, rather they are validators. They validate various mining transactions but do not actually mine themselves. Despite the benefits of the PoS, there are still some existing setbacks and this is what Pool of Stake is focused on. Pool of Stake was not just created, it was provoked by the fact that:
-the validator within the PoS ought to be online every second of every moment to be the best position to mine when the opportunity arises but being online at every given instance could be a challenge;
-a validator with low stakes gets very few chances to mine and even earn transaction fees as a result of validating mining transactions compared with a validator with really high stakes.
The Pool of Stake efficiently addresses the issue of validator stakes by giving room and facilitating the collaboration of validators with low stakes to form a larger entity and provide opportunities for them to take part in huge mining rewards. Hence the main goal of PSK which is to help increase the profit of small validators (miners) that unite within the Pool of Stake.

4 steps of the Pool of Stake (PSK) Implementation.

PoS coin (Qtum, BOScoin, Tezos) holders have the opportunity of coming together in the PoS decentralised pool (PSK) and starting various mining activities which generates huge rewards simply by staking a portion of their PoS coins; There is no doubt about the fact that PSK makes mining for PoS coin holders really profitable. PSK is the future of blockchain, simply stated.
PoS coin holders however cannot just participate in the PSK, they would need to carry out some tasks first; PoS coin holders must have to swap or exchange their PoS coins with an IOU (I owe you) which is a document or in some cases, token acknowledging debt.

The Tokensale.
The ICO start date is 2 May 2018 and would run for a period of 1 month. The total supply of PSK tokens is 70,000,000 PSK and would be distributed in the following manner:
PSK unlocked- 53,245,907 PSK (76.1%)
PSK 6 months locked- 3,699,296 PSK (5.3%)
PSK 1 year locked- 6,054,796 PSK (8.6%)
PSK 2 years locked- 7,000,000 PSK (10%)

Softcap is set at €2,000,000 and hardcap at €8,000,000.
If the hardcap is reached, then the budget plan is as follows:
30% (€546,000) for office and management.
42% (€758,067) for marketing & social media.
20% (€362,000) for security & tech & develop & web.
9% (€160,000) for taxes & finance & legal.

Roadmap.
MAJOR ACHIEVEMENTS SO FAR
-Seed funding of €750,000
-Cooperations with great advisors! (Patrick Lowry)
-Strong core team.
-Establishing a swiss company.
-MVP based on Qtum.
21 MAR 2018
-Announcement of the ICO day and press release.
APR 2018
-MVP on Qtum testnet.
2 MAY 2018
-The initial sale would begin
3 JUNE 2018
-The sale period will run until this date.
1 JULY 2018(1ST PLATFORM RELEASE)
-Platform opens for POS blockchains: BOScoin
-Platform opens for POS blockchains: Qtum
-Platform opens for POS blockchains: Tezos.
-Implementation of direct governance via platform.
1 DEC 2018(2ND PLATFORM RELEASE)
-Platform opens for dPoS blockchains: ARK
-Liquid democracy for governance via delegation mechanism or direct vote.
TBD (3RD PLATFORM RELEASE)
-Platform opens for PoS blockchains: Ethereum
-Platform opens for dPoS blockchains: TBD.

Team and Advisors.

Useful Links:
Website: https://www.poolofstake.io/
Whitepaper: https://www.poolofstake.io/wp-content/uploads/2017/12/PoolofStake-whitepaper_ENG_V11.pdf
Bounty Ann: https://bitcointalk.org/index.php?topic=3297804.msg34419166#msg34419166
Telegram: https://web.telegram.org/#/im?p=@poolofstake
Twitter: https://twitter.com/poolofstake
Facebook: https://www.facebook.com/poolofstake
Ann Thread: https://bitcointalk.org/index.php?topic=3283742.0

Writer's Bitcointalk username: kitanodebunmi
Writer's Bitcointalk profile url: https://bitcointalk.org/index.php?action=profile;u=1298583