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StakeIt Token (STAKE) - Community-driven Investment Token

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StakeIt Token


Stake your tokens daily without time or age limitations. 
StakeIt Tokens are community-driven ERC20 (Ethereum-based) Tokens. 
This is not a get-rich-quick scheme nor an HYIP program. 
It's a simple community-driven token with great token staking plans.
Long-term Token Buy Back & Destroy Plans

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Token Specifications

Name: StakeIt
Symbol: STAKE
Decimals: 8
Type: ERC20 Token
Blockchain: Ethereum 
Total Supply: 100,000,000 STAKE

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Token Distribution

Total Supply: 100,000,000 STAKE 
Token Sale: - 20,000,000 STAKE (unsold tokens destroyed)
Bounty: - 5,000,000 STAKE
Stake Reserve: - 75,000,000 STAKE

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Token Sale

Date: 22/11/2017 - 1/12/2017 (10 days)
Hard Cap: 20,000,000 STAKE (20 million)
Unsold Tokens: DESTROYED
1 STAKE = $0.05
Minimum purchase: 100 StakeIt Tokens ($5)
Currencies accepted: ETH

***
Please note that when you participate in the token sale, you will be required to provide your ETH address (as StakeIt token is an ERC20 token). Make sure that you have the full control over your private keys of your ETH address. Do not provide your ETH address from exchanges. It is best advised that you create a new account on MyEtherWallet.

***

We would like to thank you as an early-adopter giving us the benefit of the doubt. 
The token sale will, therefore, continue for a relatively short period of 10 days with all unsold tokens destroyed.

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How StakeIt Works

Our dashboard (website) will allow users to stake their tokens off-chain (safely)
1. Register on the dashboard & deposit your tokens to specified ETH addresses
2. Tokens will start staking with balances updated on a daily basis (on our dashboard)
3. Withdraw your tokens back to your ETH address (on-chain) at any time you want
(Note: 24 hours processing time applies for all withdrawals as they will be checked manually for security reasons)

Each time you decide to deposit and stake your tokens, you will be required to pay a small fee (ETH). 

All revenues earned from this will be used to buy back the tokens on the market & they will be permanently destroyed.

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Staking Plans

This is not an annual/monthly/daily staking plan. 
As soon as specified amounts from the Stake Reserves (75 million) have been distributed, staking rates of next tier applies.

Tier 1: First 15 million from Stake Reserves 
0.035% daily (Approximately 12.775% per year)
Minimum amount required for staking: 1,000 STAKE
Fee: $2 equivalent in ETH

Tier 2: Second 15 million from Stake Reserves
0.05% daily (Approximately 18.25% per year)
Minimum amount required for staking: 2,000 STAKE
Fee: $5 equivalent in ETH

Tier 3: Third 15 million from Stake Reserves (BEST STAKE RATE)
0.075% daily (Approximately 27.375% per year)
Minimum amount required for staking: 4,000 STAKE
Fee: $10 equivalent in ETH

Tier 4: Fourth 15 million from Stake Reserves
0.05% daily (Approximately 18.25% per year)
Minimum amount required for staking: 8,000 STAKE
Fee: $15 equivalent in ETH

Tier 5: Final 15 million from Stake Reserves
0.035% daily (Approximately 12.775% per year)
Minimum amount required for staking: 10,000 STAKE
Fee: $20 equivalent in ETH

All revenues earned from this will be used to buy back the tokens on the market & they will be permanently destroyed.

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More Tokens Destroyed - Revenue Stream

In addition to the revenues earned as stake fees, there will be a  1-page AD platform which contributes to the token buyback & destroy plans. 
1. This AD platform will contain 100 different AD slots.
2. Advertisers will need to pay in StakeIt tokens to place their advertisements on the page.
3. StakeIt Bounty Programs & Giveaway Campaigns will be hosted on this page as well to ensure constant in-flow of traffic.

All StakeIt tokens received as revenues will be destroyed to balance supply X demand.

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Team

By now, you should have realized that we are in fact, not keeping any of the tokens for ourselves. 
The only funds we will have as development fees will be the funds collected through our token sale.
Although this token is not to be treated as a security, the nature of it has the potentials to be treated as one.
In order to avoid legal and tax issues, we will not be revealing ourselves. 
We know that we are going to get alot of backlash and stones thrown at us for this but this won't stop us from further developing this great token. 
We believe that with time, we will be able to prove our legitimacy.

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Token Addresses

Token Sale
https://ethplorer.io/address/0x943133a0ee5e98cb388a5bc892aa18f9196b7d4c

Bounty (5 million)
https://ethplorer.io/address/0x9c6706f21190781052e2054e58bbafaa9a5acf8e

Tier 1 (15 million)
https://ethplorer.io/address/0xf10b80a246759f5783e3a8270ebbdc8e46261158

Tier 2 (15 million)
https://ethplorer.io/address/0xc089763836277c08acffaaff40a44cca8281cc23

Tier 3 (15 million)
https://ethplorer.io/address/0xa57cb410474018d216d3d6d6796395c2c4dd0be3

Tier 4 (15 million)
https://ethplorer.io/address/0x10513442deeeb5ad9ef3f5e8fcfb6fc22dc20d14

Tier 5 (15 million)
https://ethplorer.io/address/0xd4d0a2e8206f9bf629d15364445fa55f36289dfc

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Links

Website
Whitepaper
Social: https://twitter.com/StakeIt_Token
Bounty Campaign
Exchanges: TBA
Blockchain Explorer

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FAQs
How does staking work?
You will need to be registered on our website. Once you have created an account, purchase the ‘Staking Service’ product available on our website. Note that you are paying the ‘staking fee’ when you purchase this product.

As you checkout of the shop, you will be required to send your STAKE to a specific address. Once done, you will have to fill in the amount you have sent and the TXID as you checkout of the shop.

We manually check all deposits and it should be handled within 24 hours. Once we have checked, you will be credited with a ‘STAKE’ balance under your account on our website. This amount automatically stakes on a daily basis and you can decide to withdraw anytime you wish to do so.

Does my staked token get staked as well?
Yes. Whatever you have earned (staked) automatically gets included into the next round of distribution. This means the amount you stake significantly increases over time.

How can I withdraw?
You can do so by submitting the ‘withdrawal form’. We charge a service fee of $1 for every withdrawal request you make.

Why does the staking % decrease after Tier 3?
We believe that by Tier 4, the total supply of the token would have decreased significantly. The staking % decreases to prolong the overall staking process as well as to ensure that we have sufficient balances as the staking process officially comes to an end.

Why do you charge fees for depositing and withdrawing?
We charge fees to ensure that users do not spam and abuse the deposit & withdrawal system. Additionally, the fees are part of our token buy back and destroy plans. All revenues generated are used to buy back the token on exchanges & they are permanently destroyed. This ensures that there is a constant demand in the market as well the total supply constantly decreases.


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UPDATES

16.11.17 - Whitepaper & Website released!
17.11.17 - Working with Exchanges (Mercatox is our #1 option as soon as the token sale ends.
18.11.17 - Staking feature on website tested. Successful automatic staking & pay outs (0.035% daily @ 1:00 am UTC).


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