2023-08-26 14:31:03
Staking as a Service (SaaS) is a type of staking service where the user pays their own small portion to become a validator. However, it transfers the operation of the note to an external party, the service provider. Best for those who don’t want to deal with any technical complexity, but still want to be validators. The company called Luganodes is one such service provider, which considers itself the “prodigy of Lugano Plan B, an initiative launched by Tether and the city of Lugano”. Tether also deals with everything in the ecosystem According to Poolbay data, Luganodes receives 4% of the total staking reward amount for Tron. Of course, Luganodes also stakes on many other chains, such as Ethereum, Polygon and Solana. According to the Swiss company register, the person behind the company is Davide Rovelli. According to LinkedIn, Rovelli also heads the Special Projects Division of Bitfinex and Tether, something neither company has previously discussed publicly. He is also the founder of AltKey SA. This is a joint initiative between the city of Lugano and Tether, which aims to spread and develop bitcoin technology. Thanks to this initiative, McDonald’s in Lugano also accepts bitcoin today. Both Luganodes and AltKey have a share capital of 110.0000 USDT. And on the company’s website, there is even a text from Bitfinex CEO Paolo Ardoino, in which he writes regarding the fruitful relationship between Bitfinex and Luganodes. Luganodes is thus a good example of Tether putting much more into the blockchain validation sector. In addition, with the Tether Energy initiative, they are also focusing on bitcoin mining. Because Tether invests a significant part of its profits in bitcoin and participates in the validation of quite a few blockchain networks.
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