Staking your CBLT Tokens is now LIVE and ready for you to EARN passive income inside your user dashboard!
The (2) Types of “Staking” with Cobalt Lend.
Staking CBLT (Native Token on Ethereum Blockchain) inside the Cobalt Lend User dashboard
“Stake” your CBLT Tokens inside your user dashboard and earn up to 5% per month (Stake tokens in your own wallet) Registered users see your user dashboard for details and register your wallet for Staking.
The Cobalt (CBLT) Token is meant to be the main utility on the Cobalt platform with all other assets interacting or pairing with it. So, it is beneficial to the end user of CBLT to be able to move their tokens at any time and still be able to earn with passive income with them while they are idle in their account for any length of time. Cobalt has devised a system that has No lock up period & acts more like a saving account with interest rate determined by community vote and adjusted accordingly to preserve and enhance the network.
Staking nCBLT on the NULS Platform
Cobalt has created a 1:1 pairing of the CBLT token on the NULS platform for staking within that ecosystem in preparation for the lending protocol build out. 5% on both chains have been reserved for staking to secure & fund the new network build out. Future implementation will allow for community members to “Stake” one asset to multiple platforms, this is the first of many in that process. What Is POCM (On NULS) POCM (Proof of Credit Mining) is an SCO Platform that allows projects to use smart contracts to issue and distribute project tokens on blockchains. Users can Stake into a project’s nodes and earn their token as reward, while the project earns NULS as reward. Projects can use the NULS consensus rewards to bootstrap and help fund development. The best security factor in this scenario is, stakers never risk their principal and NULS Tokens never leave their wallet while participating in the new ecosystem.
Secure The Network