Non-Custodial Staking Module:
The Non-Custodial Staking Module is the service provider behind Beetcoin Pools and the Rent-a-miner service.
This tool essentially allows users to “stake” their NFTs to farm project rewards. In the Beetcoin Project, we use this module to pool the hashpower of our miners, enhancing the chances to win a block and splitting the reward proportionally to the hashpower; it also allows users to sell their hashpower to other users, effectively directing the NFT utility/reward to be farmed for another address.
The Non-Custodial Staking Module follows standard ecosystem procedures, freezing the NFT in the holder's address so that it can’t be sold, listed, or transferred while the NFT is staked.
Non-Custodial Staking Module as a revenue stream:
Allowing communities to easily offer Non-Custodial staking to their NFT holders is a significant improvement for every NFT project. This tool enables projects to create NFT utility, rewarding holders with tokens, airdrops, or whatever they desire. The possibilities are endless.
Cost: Starting at around 20 USD/month (Paid in Beetcoin).
Fees: Sold instances will have a fixed 0.003 SOL fee on staking transactions. These funds will be used to buy Beetcoin, adding buying pressure.
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