StakeCube in Numbers
Already 8th consecutive red candle on the weekly chart for Bitcoin, with Friday bringing losses once again. This week all eyes in the Crypto space were on the event taking place in El Salvador, where representatives from 44 different central banks will be talking about financial inclusion. Some pictures have started circulating showing them trying out Bitcoin payments with the lightning network. Of course this does not mean any of these countries will implement Bitcoin as legal tender but it will give us some exposure. The Crypto Fear & Greed indicator continues deep into “extreme fear” territory, even though the week brought big corrections for many coins.
On StakeCube the figures show a huge decline in mining revenue. Apparently, most of our mining machines are now offline due to the increasing electricity costs and the recent fall in Crypto prices. Most other figures are also reflective of the current bear market. With a market cap of $2,6 million, SCC is now valued 6 times lower than the sum of all holdings on the platform (Pool Value). If the equivalence between market capitalization and total value locked applied, SCC would be now 6 times undervalued. This week DASHD was our most traded currency on the exchange, with close to 1 BTC of daily trade. Keep in mind that since CoinGecko still hasn’t listed our DASHD currency pairs, daily exchange volume is not accurately reflected.
- User Count: 142,054 +0.31%
- Pool Value: 552.53 BTC -2.60%
- Daily BTC Mined: 0.004 BTC -73.33%
- SCC Price: $0.25 -7.41%
- SCC Market Cap: $2,659,000 -10.14%
- Daily Exchange Volume $52,673 -59.17%
- Daily SCP Transactions: 33 -8.33%
Top 5 Gainers
Lots of big gainers this week, as prices bounced hard from the bottom for some of our listed coins. In particular MANA had a spectacular week with 52.9% growth! Could the Metaverse be making a comeback?
Top 5 Gainers
- MANA +52.9%
- GHOST +49.8%
- SHARD +44.2%
- NEBL +38.5%
- SYS +33.0%
MineCube Miners Poll
Last week we announced that we are preparing a poll to let our MineCube users decide what we should do with the miners we currently have at MeaTec. If you missed it, you can read about it here:
We have made good progress on this but there are a series of consultations with third parties that we have to make and we don’t have all figures yet. Please be patient, we will make the poll public as soon as we can.
Wallets in Maintenance
This is the status of all wallets currently in maintenance:
- HCC: The blockchain explorer is still stuck and can’t be used to verify transactions.
- DAPS: The wallets are still unable to connect or sync. It seems to be affecting many users, not just StakeCube.
- LUX: Explorer/sync issues.
- TUP: No fix for the masternode glitch, and no new information regarding the release of a fix.
- BLTG: Explorer is lagging behind, hopefully they’ll fix it again soon.
Common Support Issues
One of the most common issues reported in support tickets are problems registering SCC masternodes in order to participate in the bonus program. In particular, many users are encountering errors because of mistakes when copying the signature. Please make sure to double-check that the signature you copied has a “=” at the end. If you need any other guidance, you can follow the instructions from this article:
We would also like to remind you that multi-accounts are not allowed, as they violate our TOS and AML policy. You can consult the TOS document here:
Migration to the Earn System
As the migration of coins to the Earn system continues, some users have reported that they are receiving smaller rewards now than before. There are some reasons why this could be happening. Some wallets are being completely rebuilt after moving to Earn meaning inputs need to split and mature before they will stake. Also, users that owned shared node slots before won’t be receiving as many rewards during the period of time when Earn nodes are being deployed as we tune our system to determine the optimum staking/masternode ratios for each coin.
Apart from this, we spotted an issue where a transaction present both in the hot wallet and in the cold wallet would only be counted once. However, this should not have had much influence, and either way we have now corrected the problem and credited the missing rewards. We will continue monitoring the system to verify that it works as intended. Next week we will move to the Earn system the following coins: ALIAS, BTC2, BIR, PAC, GHOST, MONK, NEBL, ONION, PIRATE and ULG
Monk Collateral Change
Monday the 23rd, Monk will once again change the collateral of their masternodes, increasing it to 50,000. Once the change is effective, masternode owners will have to destroy their NodeCube hot nodes and redeploy them with the increased collateral to continue receiving rewards.
This week StakeCube eSports entered a partnership with NFG | Non-fungible Gang; A P2E community – Web3 Gaming Specialists, Educators & Reviewers! NFG is one of the main actors in the space, having a strong following among players and investors both.
They are an Official Thetan Arena Guild and they run NFG Million on Mars guild. If you are interested in finding a new blockchain/NFT game to play then give them a visit!
Markets Page Sneak Peek
Work on the StakeCube Version 3 frontend is advancing at a good pace. Today we decided to share with you a sneak peek of what the markets page will look like. This is still work in progress, but it should give you an idea of what direction we’re taking for the design. Notice as well how the new frontend is now fully mobile-friendly.
V3 Backend development
While work continues with the v3 frontend (in the above video!), the backend is also receiving some love. We’re currently going through many of the existing core components in order to review and optimize them, ensuring that V3 will be able to scale to gigantic proportions. These changes have increased the speed of the engine, and work will continue in this area for the time being.
These are this week’s selected features from the #feature-request channel on Discord.
- Guides and videos explaining how to use the StakeCube platform
- Improve NFT Marketplace:
- Possibility to place time-limited auctions for NFTs with adjustable minimum sale price
- Built in burn option for unwanted NFTs (with big red warning about consequences)
- Possibility to set price of NFT in other supported currencies
- Awards (awards in the form of NFTs that StakeCube issues for various account milestones or achievements on the platform, which gamifies activity)
These changes to the NFT marketplace are interesting, and we will definitely look into them.
Wallet Maintenance News
We updated the following wallets:
Previous version: 18.104.22.168
New version: 22.214.171.124
Please read the following information regarding the security of your account and funds:
The StakeCube.net team will:
- Never contact you first
- Never ask you to send them or move coins to some other address
- Never ask you for remote access or to install any third party software
- Never ask you for your password or 2FA codes
- Never provide support using direct messages
If you observe any of these listed behaviors, someone is trying to steal money from you. This applies to all of our social media channels. Our team will post official messages in the appropriate channels, and we only offer support through our ticket system on Discord.
Please, also take into account the following measures to keep your account secure:
- Enable 2FA in the account settings
- Enable IP verification in the account settings
- Use a strong password
- Change the password regularly
- Never share your password with others
- Never allow remote access to your devices
- If you require assistance, use only the official channels
- Download software only from verified sources
SCP Wallet is now signed with JSKitty’s public PGP key. This allows users to verify that the wallet has been cryptographically signed and approved by him. Even if our GitHub is compromised, the downloads are still safe as long as the PGP verification confirms that the files have not been tampered with. If you download SCP, please verify the binary against our developer’s public key: