UPDATE 31/03/2020 – The business shut down at 31/03/20
Stakinglab offers a secured online platform for subscribing to shared masternodes and staking pools.
When you’re staking a coin, you will be rewarded with x amount of coins, like a fixed deposit, you will be paid interest as a reward. The reason why you get paid is that when you’re staking, you have your personal wallet 24/7 opened and are helping support the blockchain network of that coin. The same happens when you purchase a coin masternode. You lock some coins (masternode collateral) and you get coin rewards.
As we already know you will need many coins on the wallet to receive staking rewards and the cost of running a masternode is very high. By taking part in staking pool you will have a higher chance of earning more profit as many members are staking combined. The reward is divided among the pool participants. The same happens with the masternodes as you only need a portion of the collateral to participate and receive rewards.
StakingLab offers that service for free and also handles all the technical aspects. There is a 3% staking rewards fee for maintenance and a 0.1% withdrawal fee. Because masternodes require more resources, StakingLab charges a 5% rewards fee for standard masternodes and a 7.5% rewards fee for instant masternodes.
The platform supports around 100 coins and more coins are added all the time. You can participate in staking pools, shared masternodes and instant nodes.
You can find the coins available for staking in the Staking Pools tab.
Except from staking you can earn coins by participating in masternodes. You can choose one of the available coins, deposit any amount you want and start investing.
The platform also offers the instant nodes option. They purchase coins in advance and start a masternode that simultaneously gives away rewards and investors can join right away.
The rewards will be added to your account balance. You can reinvest them in other available masternodes or you can request a withdrawal at any time.
Stakinglab offers a very lucrative referral reward bonus. The site offers a 3 level referral system where you are earning fees from the rewards your referrals earn.
StakingLab Pros and Cons
Investing in PoS and masternode coins is a way to invest in the crypto world. StakingLab is a tool that simplifies a lot the whole process and gives everyone the opportunity to invest in such projects. You should be aware that the site does not provide investment advice, and you should do your own research before making any investment.
If you are keen on that kind of investment, StakingLab is a good place to start.
I hope that you have found my review useful and informative. If so, feel free to share it or leave a comment below.