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Wednesday, Feb 8, 2023
Mugglehead Magazine
Alternative investment news based in Vancouver, B.C.

Crypto/Blockchain

BTCS launches StakeSeeker investment aggregate dashboard and platform

The private beta will give the company the ability to seek feedback and iron out any wrinkles before a formal public beta launch

Image from Pierre Borthiry via Unplash

BTCS (NASDAQ: BTCS) launched the private beta of StakeSeeker.com, its digital asset analytic and Staking-as-a-Service Service platform today.

StakeSeeker’s staking hub allows users to earn rewards by participating in finding blockchain consensus for proof-of-stake coins. This means staking and delegating their cryptocurrencies to company-operated validator nodes for a developing number of supported blockchains. This is part of the company’s multiple year plan to expand its blockchain infrastructure operations, and effective investment in the technology.

“The recent collapse of centralized lending platforms and exchanges such as FTX, Celsius, and Blockfi has highlighted the significant risks that come with earning yield through these traditional channels,” said Charles Allen, CEO of BTCS.

“In contrast, non-custodial staking, such as BTCS’s StakeSeeker, offers a secure and reliable way to earn yield on tokens, with substantially lower risk compared to centralized options,” said Allen.

StakeSeeker is a cryptocurrency dashboard for crypto enthusiasts. It offers a number of different options, including earning passive crypto rewards by staking, as well as monitoring price flows on different exchanges to take advantage of arbitrage opportunities. BTCS built the platform with the user in mind, and more specifically the rise in demand in self-custodial options following the recent trend of cryptocurrency exchanges and other custodial options. The dashboard also offers portfolio analytics and a simplified process. This helps the user earn staking rewards while properly educating the user to make better decisions.

“While the rewards may be lower than those offered by DeFi protocols or collapsed centralized platforms, the peace of mind and safety provided by non-custodial staking make it a highly attractive option on a risk-adjusted basis,” said Allen.

Read more: Marathon Digital Holdings mines 1,563 Bitcoin in final quarter of 2022

Read more: Galaxy Digital Holdings inks agreement with Argo Blockchain for Texas mining facility

StakeSeeker offers an aggregate dashboard for advanced crypto investors

StakeSeeker acts as an aggregate for the multiple functions that a crypto-enthusiast looks for to properly invest. Normally, crypto-holders need to go to multiple sources to hold crypto, including exchanges like Coinbase, Kraken and Binance. Having holdings on multiple platforms brings forth the problem of keeping track of everything. This means more time spent overseeing the performance of the portfolio on multiple different sites.

BTCS put together StakeSeeker as a solution to this problem. The platform connects all of these exchanges and wallets into one accessible dashboard. It has enhanced monitoring tools giving a unified centralized experience for holders looking to expand their tracking and analytical capabilities.

The private beta will give the company the ability to seek feedback and iron out any wrinkles before a formal public beta launch. Those presently using the existing data analytics platform will be migrated into the new system.

The company also launched its new investor relations and corporate website, including a new investor presentation and a resource for current and potential shareholders.

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