How does GPooL work?

GPooL serves as a proxy Guardian Node for any Theta holder, regardless of technical skill level or access to high-end internet connected computers. By doing so, they appoint us Delegate for each Blockchain Check Point validation. They also are able to apply their stacking weight to Theta Improvement Proposal votes.

Is GPooL IO legit?

GPooL.io… is a trusted Proof-of-Stake infrastructure provider and validator to comfortably stake your coins and earn rewards with Persistence.

How can I get GPooL coins?

GPOOL Price Live Data Genesis Pool is down 7.18\% in the last 24 hours. The current CoinMarketCap ranking is #4762, with a live market cap of not available. The circulating supply is not available and a max. supply of 500,000,000 GPOOL coins.

Will GPooL stake Tfuel?

As per Theta Labs code, the minimum amount of TFUEL permissible to Stake is 10k TFUEL as per Theta Labs code. The maximum any single EEN may have staked to it is 500k TFUEL. GPooL’s TFuel Staking commission is 4\% on rewards. On GPooL.io Scan QR code (EEN summary address) with your mobile device.

How much Tfuel do you need to stake?

Remember, you will need to stake at least 1,000 THETA to qualify as a node and a minimum of 1 TFUEL token for the transaction fee. Confirm all the information is correct and then enter your wallet password and click ‘”Confirm & Deposit Stake”.

How do you delegate Theta?

First login to your Theta Web Wallet, then go to the Stakes section and click ‘Deposit Stake’. Click the new option ‘Delegated Guardian Node’ which will take you to a list of the GN volunteers who generously provided their nodes to stake to.

Who is GPooL?

Genesis Pool, also known as GPool, is one of a handful of projects pioneering the growth and development in the crypto decentralized finance sector by challenging the business practices of its peers, disrupting their outdated methods and redefining what can be offered to the retail investor through a decentralized …

Is GPooL safe Reddit?

GPooL is non custodial we don’t hold anybody’s crypto. So nothing of any value to hack. Each user is responsible for the mnemonic seeds & private keys for their own wallets.

What is Genesis pool Crypto?

Can you stake less than 10000 Tfuel?

There is a minimum of 10,000 TFUEL and a maximum of 100,000 TFUEL you can stake.

What does staking Tfuel do?

Staking can be thought of as similar to passive income. After minimal startup action, Guardian Nodes are rewarded in TFUEL for facilitating the update and security of the blockchain. A user is rewarded in proportion to what a user stakes.

What are the cryptocurrency staking pools?

What are the Cryptocurrency Staking Pools? Proof of Work coins have Pooling mines. A pooling mine is a mining method in which more than one clients invest in the creation of a block and later the block reward is split among the clients in accordance with the investment made by them. Staking pools work similarly to this pooling mine process.

Who is the target audience for gpool?

The target audiences for GPooL are individuals and institutions who do not wish to, or cannot, run nodes on their own yet still wish to capture a yield on their assets across multiple coins.

What is crypto mining and how does it work?

Crypto mining is a calculation-intensive, puzzle-solving-like computation process that requires high processing power along with high electricity consumption. The miner who first solves the puzzle gets to place the next block on the blockchain and claim the rewards.

How does the cryptocurrency discovery process work?

The cryptocurrency discovery process is configured in such a way that if more miners are working, the difficulty level goes up, while a decline in the number of miners eases the difficulty level. The rewards make mining a lucrative activity for monetary gains.