Oh that sounds interesting, is it a new staking coin or does it also have master nodes?
Hi there! Staking is a centralized option we provide to token holders. The default free staking rate is 0.035%/day. However, we provide increased staking rates for users who have purchased paid staking plans.
Initially, we created 100 million tokens. 75 million is kept as 'Stake Reserve' in which our users' initial amount + staked amount gets distributed from. 5 million tokens were allocated for bounties and 20 million for token sale.
We continuously destroy tokens (deposit, withdrawal fees, revenues from ad spaces) enabling a healthy balance between supply X demand on the market.
Users can also earn ETH by joining StakeIt as an affiliate ($0.5 per every sign-up referred and 10% lifetime commissions on sales).
Thank you.