BlockchainBTCS Announces Private Beta Release of “StakeSeeker”

Globe Newswire Globe NewswireJanuary 11, 20238 min

BTCS Inc. (Nasdaq: BTCS) (“BTCS” or the “Company”), a blockchain technology-focused company, announced today the private beta launch of its proprietary Digital Asset Analytic and Staking-as-a-Service Platform: StakeSeeker (www.stakeseeker.com). In conjunction with the roll out of StakeSeeker, we are also pleased to announce the launch of our new investors relations and corporate website (www.btcs.com) which includes a new investor presentation and provides a comprehensive resource for current and potential shareholders to gain a deeper understanding of our business and future growth prospects.

“Over the past two years, BTCS has been expanding our blockchain infrastructure operations and investing in the technology to create and run validator nodes on a growing number of cutting-edge proof-of-stake blockchain networks. Building on the momentum from the staking of the Company’s own digital assets, we are excited to announce the private beta launch of our proprietary Digital Asset Analytic and Staking-as-a-Service Platform: StakeSeeker!” stated Charles Allen, Chief Executive Officer of BTCS.

“The recent collapse of centralized lending platforms and exchanges such as FTX, Celsius, and Blockfi has highlighted the significant risks that come with earning yield through these traditional channels. In contrast, non-custodial staking, such as BTCS’s StakeSeeker, offers a secure and reliable way to earn yield on tokens, with substantially lower risk compared to centralized options. While the rewards may be lower than those offered by DeFi protocols or collapsed centralized platforms, the peace of mind and safety provided by non-custodial staking make it a highly attractive option on a risk-adjusted basis. As the market continues to evolve and investors seek out safer ways to earn yield, we believe that non-custodial staking like StakeSeeker will only continue to rise in popularity.” continued Allen.

What is StakeSeeker?
StakeSeeker is a one-stop-shop crypto dashboard for crypto holders to earn passive crypto rewards by staking through the non-custodial Stake Hub and evaluate their crypto portfolios across exchanges and wallets in a single analytics platform. The platform was developed to empower crypto holders, to self-custody their crypto, and to better understand and grow their digital asset holdings with innovative crypto portfolio analytics and a simplified process to earn staking rewards.

Why is StakeSeeker unique?
Historically, crypto holders have looked to multiple sources to hold their crypto, including exchanges (e.g. Coinbase, Kraken, Binance, etc.) and an ever-growing suite of digital wallets (e.g. Metamask, Keplr, Trezor, etc.). Holdings on multiple platforms creates an issue of central tracking, resulting in manual processes to view and analyze the performance of their entire portfolio at any given time.

The concept of the StakeSeeker platform was originally inspired as a solution to this multi-source tracking problem and has expanded to service the growing needs and capabilities of crypto holders through non-custodial staking and reward generation.

“Crypto holders often store their assets on various exchanges and digital wallets, making it difficult to track and analyze the performance of their entire portfolio in a centralized manner. This often requires manual processes and can be time-consuming. As a result, many crypto enthusiasts are seeking out solutions that allow them to easily track and manage their portfolio as a whole.” stated Manish Paranjape, Chief Technology Officer of BTCS.

StakeSeeker’s enhanced monitoring tools provide an improved user experience for crypto holders also looking to expand their tracking and analytical capabilities.

Staking with StakeSeeker involves delegating to validator nodes run by BTCS, which has over 9 years of blockchain technology experience, adding an additional layer of credibility and transparency.

StakeSeeker is one of the first non-custodial solution of its kind from a publicly-listed blockchain technology company.

Private Beta Details
The private beta will allow us to solicit feedback and work through any issues prior to a formal public beta launch. Existing users of the legacy Data Analytics Platform will have their accounts migrated to the new platform beta. New users interested in joining can sign up on www.stakeseeker.com to join the private beta.

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Globe Newswire

Globe Newswire

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