Our pool is completely automated, and you can see all rewards, withdrawals and deposits in the history of your account. After you register you can create a deposit address for the coin(s) of your choosing and make a deposit from an exchange or personal wallet. You will receive an email once your deposit has been credited. Your coins will automatically start staking once they mature, or you can head over to the Masternode section and book slots in a shared masternode.

Solo staking vs Pool staking

To say a big ‘Thank you!’ to our community for sticking with us during some growing pains, we have reduced the staking fees to 1% until the end of 2018 (normally the fees are at the industry standard of 3%). Shared masternode fees are always 5% of each reward.

We use these fees to maintain our server infrastructure and team costs. Additionally, part of the fees is used for our affiliate system where you can benefit from inviting new users to our community using your personal invite link. Check out the FAQ for details about this.

We have a 4 tier referral system. You refer one friend and when he gets his/her reward, you will receive 10% from the fee of that stake. When your friend refer a friend, you will get 5%. That friend refer a friend and you will get 3%. That 3rd friend refer another friend and you will get 1%... All bonuses are based on the fee we receive. We will never take the referral bonuses from your stake.

What we offer you for these low fees is a secure and comprehensive service to give you the best pool experience:

Pros:

An intuitive user interface to manage your coins and see pool information

All functions are presented in an easy to use way

The frequency of rewards is much higher when you’re staking in a pool, adding up to a higher total reward for each participant than possible when staking alone

When you’re happy with our service and want to invite your friends, you will benefit from our affiliate system

Full transparency: all staking addresses and masternode addresses are visible on the website, you can check all rewards for yourself on the coin explorers

We are always checking the latest network developments to optimize staking efficiency

Wallets are maintained and updated as soon as new versions are released

We are always listening to feedback from our community and are constantly striving to improve our service by adding new features

Last, but surely not least: we have created a wonderful and helpful community of crypto enthusiasts in our Discord server. Here you can have discussions with other members or receive quick support from our team.

Cons:

You have to trust us.

If you want to withdraw your rewards or your initial deposit from our pool, that is very simple as well. We don’t lock coins in masternodes like some other services do. We have so many members and deposits, that we can release users from their booked slots immediately or after very short waiting periods. The same goes for withdrawals of deposited coins or rewards. You can request a withdrawal to an address of your choosing at any time over the account interface. These withdrawals are processed once per day and the coins are sent back to you. While you wait for the withdrawal to be executed you will still receive stakes.

If you have more questions, please read the FAQ or feel free to join our Simple Pos Pool Discord server. We welcome all discussions about our pool, our service and our team, and we are sure that you will find the answers you are looking for.