Dash Core Group, the organization behind DASH cryptocurrency leaderannounced today that it has begun rolling out a new addition to the official Dash Wallet mobile app on Android. Users can now create an account with staking partner CrowdNode, directly from their Dash Wallet app.
True to the decentralized values of both organizations, no personal information needs to be provided since all transactions take place to and from the same address and all aspects of functionality are visible on-chain.
Masternodes, powerful servers backed by collateral held in DASH, are designed to provide advanced services and governance on the blockchain and deliver stable, time-tested returns to Masternode operators through this activity.
Dash + CrowdNode
CrowdNode launched its service in 2018 to aggregate Dash into masternodes and provide everyone the opportunity to both earn fractional masternode rewards and vote on Dash governance.
The team behind CrowdNode believe in transparency and are active members of the crypto community. Since 2022, the Dash Investment Foundation (DIF) has taken a stake in CrowdNode.
Fractional masternodes allow users to earn income on their DASH holdings with as little as 0.5 DASH. Users will be able to deposit and withdraw funds instantly with CrowdNode in the official Dash Wallet app. It provides real utility to the Dash network and value to partners and their user bases.
“As the first earning feature implemented in the Dash Wallet, it will help build acceptance and accessibility of Dash as the leading cryptocurrency for digital payments. There may be other Dash Wallets which have earning features, but I don’t know of any other wallets you can earn AND that supports InstantSend so you can cash out the Dash immediately.We have additional features and improvements planned in future releases to take advantage of the many CrowdNode features available.
– Brian Foster, Product Manager at Dash Core Group
CrowdNode staking offers several key benefits:
- It’s simple. CrowdNode only takes 15% of generated rewards.
- Customize how often you receive your rewards.
- Participate in the governance of Dash by voting on network proposals.
“We are excited about the integration of our new blockchain API service into Dash Wallet. This partnership will significantly improve the user experience, in line with Dash’s mission to become more accessible and user-friendly. involves holding people’s private keys.We’ve spent a lot of time structuring how to achieve the highest degree of security for our members as well as our company.
– Andreas Rud, Founder and CEO of CrowdNode
The new staking feature update is available for Android devices starting today and we will be introduced to iOS as soon as possible.