- GenerEOS have announced the launch of their first EOS Voter Rewards Exchange.
- The Genpool platform is free of any barriers when one wants to enter a free-market ecosystem.
- Genpool believes that the power of a free market is more significant than a market that is owned by a few people.
GenerEOS have announced the launch of their first EOS Voter Rewards Exchange. Introduced by EOS Nation and soon followed by Colin Talks Crypto and VoteForValue, reward proxies have accepted as a part of EOS governance.
Until recent times, if someone wanted to run a reward proxy, they would need technical knowledge, development time along with the need to set up their backend infrastructure. However, Genpool.io will make it a lot easier.
The Genpool platform is free of any barriers when one wants to enter a free-market ecosystem. It is connecting proxy owners with the voters who are looking for quality Block Producers while getting rewarded a portion of the BP (Block Producers) additional income.
Genpool believes that the power of a free market is more significant than a market that is owned by a few people. This philosophy means that the platform is available to anyone who wants to start a reward proxy or wants to convert an existing proxy into a reward proxy.
In simple terms, the platform made to support three types of users:
- Voters who vote to get a reward from a reward proxy.
- Proxy owners who are looking to register as a reward proxy and earn.
- Block Producers who want to register as a reward proxy to get votes.
A voter can go to the homepage of Genpool and cast their vote. Proxy owners and Block Producers will be provided with a dashboard to conduct their business.
The working of Genpool is as follows:
- Proxy sets a percent of acquired votes as a reward, which goes from the Block Producers to the voters. This lets the proxy provide a small percentage of profit to the Block Producers.
- Proxy owners also paid for the service they provide in the form of a proxy fee. They are allowed to set a percentage as their reward and receive it daily.
- The voters and Proxy owners would receive their rewards daily. The process of doing so will be relatively simple.
Genpool is hoping that everyone who uses their platform finds it as enjoyable as they did while creating it.