In this episode Roger’s mission, should he chose to accept it, is to explain to Jim the difference between renting out EOS tokens on Chintai and REX stake rewards. Well, first Roger has to explain what Chintai is, then recap on REX and why this might be available on Telos before its available on EOS.
The ability to rent out your tokens has always been seen as one of the big selling points of EOS. During the year-long ICO many video posts were predicting big things for EOS because of this additional function. The beauty being, of course, is that you can gain an income from your EOS investment without having to liquidate your capital holding.
Things get a bit complicated and in this wide-ranging discussion, your EOS UK BP candidates try and make token leasing as clear as possible for the casual user. However, this is early days and it’s another exciting but steep learning curve for us to continue to explore!
If you have found this video useful and would like to show support for our efforts please consider liking, sharing & voting for us as one of your 30 approved Block Producers on the EOS and Telos Blockchains.
When we get enough votes we can be paid for running our nodes on these blockchains and for providing community support and education. By publishing helpful information like this post and being an active and accessible member of the UK Blockchain community we offer token holders in the UK and beyond, easy access to the essential new world of blockchains. So please help us to carry on this work, by voting for us, as below
On the EOS blockchain please vote for us using our EOS block producer handle: eosukblocpro
On the Telos blockchain please vote for us using our Telos block producer handle: telosuknodes
To vote, download an EOS or Telos wallet from https://eosuk.io/wallet
We also recommend to start learning how Scatter works and how to use it to manage your private keys. Using Scatter you can also vote through one of the many block explorer websites. If you need help getting setup for voting then contact us via telegram https://t.me/eosuk , email us [email protected] or phone us on +44 115 822 4546
The Telos Sqrl wallet is all you will need to manage ALL of your eosio accounts. You can change and create keys and accounts, you can vote, you can stake and sun stake, you can even delegate your votes to a proxy, for EOS AND Telos all from within the same app with live switching between Blockchains, it really is a very good wallet!