NULS Enterprise DLT Project and Aleph Zero Unveil ‘Staked Coin Output’ | BTCMANAGER
Bitcoin, Blockchain & Cryptocurrency News
NULS (NULS), an open-source enterprise-grade distributed ledger technology (DLT) platform, has joined forces with Aleph Zero, a project that claims to be dedicated to helping blockchain protocols solve known problems. Together the pair are set to launch a new staking model called staked coin output (SCO). The SCO system enables NULS token holders to stake their tokens and get rewarded with the altcoins of other projects participating in the SCO, according to a press release on August 13, 2019.
In a bid to make it easier for blockchain projects to gauge community interest in their solutions, raise funds and help investors cut risks, NULS has introduced the staked coin output (SCO) system.
As stated in its press release, the SCO staking system makes it possible for NULS token holders to stake their NULS tokens and get rewarded with the tokens of other projects of their choice in the NULS ecosystem participating in the SCO.
Per the team, unlike other crypto-based fundraising methods such as initial coin offerings (ICO) and initial exchange offerings (IEO) that gives investors and organizers no form of guarantees for success, SCO enables participating startups to gauge the level of community interest in their concepts, supply tokens for early backers and do more, without risking anything.
In essence, the team firmly believes that the SCO model eliminate risks for both project organizers and their prospective investors,