An Auto Staking Contract (ASC) is a type of contract used by ICOs to automatically sell and distribute their tokens. It works by maintaining a shared wallet of all ETH addresses that have made deposits on the contract. The Auto-Staking contract allows users to benefit from the interest earned. Every time a new transaction is made, the value of the coins deposited in this contract will be transferred to one of three wallets. The Auto-Staking contract pays out interest when there is no transaction or when there are no new deposits coming into the contract. This means that if you don’t make any transactions within 24 hours after sending your funds into an ASC. Then they will remain locked.
What is ICO
ICO stands for Initial Coin Offering, which is used by blockchain startups to fund their development efforts and raise money for the project. The best part? You don’t have to buy any cryptocurrency before participating in this event!
It works by maintaining a shared wallet
The contract maintains a shared wallet of all ETH addresses that have made deposits on the contract. All deposits are stored in a smart contract, which is not controlled by any third party. This means that you can trust that your funds will be safe and secure.
The auto staking feature allows users to automatically receive rewards from their ETH address. When they make purchases from an exchange using it as collateral for security purposes.
Allows users to benefit from the interest earned
- The interest earned is calculated based on the size of each wallet.
- The interest earned is paid out in ETH.
- The interest earned is paid out every time a new transaction is made on your wallet. This means that the more you keep your assets stored in your wallet. The more you will benefit from this feature!
Pays out interest
Auto-Staking contracts pay out interest when there is no transaction.
Interest will be paid out when the contract has been idle for a period of time. The amount of interest is determined by the number of blocks left in your contract’s lifetime, which is set when you create it. For example, if you have an auto staking contract that was created on January 1st, 2020, and expires in 2022 on February 28th. Then it will earn payments according to these rules:
- If there are two weeks left before February 28th then a 100% interest rate applies. Otherwise 0% rate applies (i.e., “auto-expire”).
- For example, if your contract has been idle for 4 weeks since its creation date. Then each week after that until the expiration date earns 50% more than what would normally be received under base rates.
Use your crypto holdings while they are stored on the blockchain
The auto staking contracts are a good way to use your crypto holdings while they are stored on the blockchain.
Auto staking, also known as an automated token generation. A type of smart contract that automatically distributes tokens from a given contract’s supply when certain conditions are met. For example, if you have 100 coins in your wallet and want tem to be distributed among your friends after some time has passed (a period called “staking”). Then you can do this without lifting a finger!
Just leave it up to an algorithm like Ethereum’s ERC20 standard or Waves’ native token WAVES which will do all the work for you!
This means no more worrying about selling off those hard-earned coins. Since they’re now being used as collateral while earning interest on their value at the same time! This is great news for anyone who wants diversification into different assets without having to sell off their holdings anytime soon”.
The best thing about auto staking contracts is that they are easy to set up and manage. Anyone who has a basic understanding of how ETH works can use them without having any technical knowledge or special software. However, there are some drawbacks: firstly, you might not get your full interest because there is no way of knowing when it will be paid out; secondly, the interest rate will depend on how many people deposit money into the contract at once. But if you want an extra layer of protection against hackers or bad actors stealing your funds or using them for themselves then this might be worth considering!