Nash soon to offer unlimited staking -
October 1, 2019

Nash soon to offer unlimited staking

Nash soon to offer unlimited staking

We are pleased to announce that users will soon be able to create unlimited stakes.

An updated staking contract was deployed today and the feature will be enabled in a future release in the coming days. As a result, we have migrated all stake data to the new contract, which can be found on the blockchain here.

As with our original staking contract, we are making the source code of the new contract public. The updated repository is available here.

Our staking contract was designed to include a migration routine. This is because we anticipated the possibility that NEO 3.0 might require a move to a new contract. We wanted to be absolutely sure user funds would be safe during any transition. The routine also allows us to carry out updates to the staking contract, as we have done in this case.

Staked tokens can move to two places. They either go back to their original owner’s personal wallet (when a stake expires) or to a new staking contract (when we run the migration routine).

The migration routine can only be executed with signatures from four of the five Nash founders and does not allow tokens to be withdrawn from the contract. Its sole function is to migrate stakes to a new contract, without changing ownership.

Existing NEX stakes remain unchanged and no action is required from users.

We hope you enjoy the possibilities unlocked by creating unlimited stakes!

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Rates may vary over time. Crypto-powered earnings on Nash are not covered by any deposit guarantee schemes like bank savings accounts and involve risks unique to the underlying technologies: (i) Exploitations of the smart contracts used; (ii) Forex fluctations between your national currency and the US dollar, which underlies crypto earnings assets; (iii) USD stablecoins losing their peg. 
Nash is a trademark of Neon Exchange Aktiengesellschaft. Neon Exchange Aktiengesellschaft is an exchange bureau registered with the FMA of Liechtenstein (TT Exchange Service Provider Nr. 261096 as defined by the Token- und VT-Dienstleister-Gesetz / TVTG, 3 October 2019)
Nash Exchange B.V. is registered with De Nederlandsche Bank N.V. (DNB) as a provider of crypto services. DNB conducts supervision and monitors Nash Exchange B.V.’s compliance with the Money Laundering and Terrorist Financing Prevention Act and the Sanctions Act 1977. Nash Exchange B.V. is not under the prudential supervision of DNB nor under business conduct supervision of the AFM. This means there is no supervision of financial requirements or business risks and no specific consumer financial protections.
Neon Exchange Aktiengesellschaft is a partner of Modulr Finance B.V., a company registered in the Netherlands with company number 81852401, which is authorised and regulated by the Dutch Central Bank (DNB) as an Electronic Money Institution (Firm Reference Number: R182870) for the issuance of electronic money and payment services. Your account and related payment services are provided by Modulr Finance B.V. Your funds will be held in one or more segregated accounts and safeguarded in line with the Financial Supervision Act – for more information please see this link.
Neon Exchange Aktiengesellschaft also provides fiat-crypto exchange services. These are separate and unrelated to the account and payment services you receive from Modulr Finance B.V.