White Label Staking Definition
White label staking refers to a method in which companies offer their staking services to other crypto projects under their brand name. It’s similar to white label branding in regular industries, where a product or service is produced by one company and another company puts its brand name to it and sells it as its own. In context of the blockchain and crypto world, white label staking services allow cryptocurrencies to provide their investors with an opportunity to stake coins without developing their own individual staking platforms.
White Label Staking Key Points
- White label staking is a staking service provided to other crypto projects under their brand name.
- This service allows cryptocurrencies to offer their investors with a facility to stake coins.
- The primary company develops the staking platform, and the secondary company brands it as their own.
- This is an alternative for companies who do not want to develop their own staking platforms.
What is White Label Staking?
White label staking is a relatively novel entity in the blockchain and cryptocurrency sector. Essentially, this concept revolves around two parties: the original staking platform developer (provider), and the client company. The client company does not have its own staking platform, and thus uses a white label service.
Why does White Label Staking Matter?
White label staking matters because it simplifies the process for companies wanting to offer staking. It removes the hassle of building and maintaining a staking platform. Instead, companies can focus their resources and efforts on other developmental aspects, and still provide staking services to their coin holders.
Who uses White Label Staking?
Any crypto company or project that aims to offer staking benefits to its users can utilize white label staking. This service is especially beneficial for smaller or newer crypto projects that lack the technical know-how or resources to build their own staking platform.
Where is White Label Staking used?
White label staking is applicable and used within the blockchain and cryptocurrency industry. It’s prevalent within projects and companies dealing in Proof-of-Stake (PoS) and delegated Proof-of-Stake (dPoS) mechanisms, wherein coin holders actively participate in block validation activities.
When can White Label Staking be used?
White label staking can be used whenever a crypto project intends to offer staking but lacks the required resources or expertise to develop an in-house staking platform. It can be an effective and time-saving option instead of investing in building, testing, and maintaining a staking platform.
How does White Label Staking work?
White label staking works by the provider developing the staking platform and then the client company branding it as their own. The client company’s investors can then stake their coins on this platform. In essence, the platform’s architecture and maintenance are the provider’s responsibility, while the client company can present it to their users under their own brand.
