At Shareslake we use blockchain technology to shape the future of the stock markets. We provide benefits to the companies for each transaction of their shares without charging the investors.
Investors won't be ever again bound to a single broker or platform, eliminating portfolio transmission complexity. They can just have a single pluggable wallet, that can be used for the login at any exchange, always carry your funds with you.
On May 1, 2022 the Shareslake Mainnet was released, meaning that everyone can add a node to the network, earning RED from transaction validations, or use it for sending funds. The network is the base for the rest of the ecosystem that will allow trading stocks, buying products, automating companies' financial processes, etc.
Shareslake is a Cardano-based network, meaning that we use the eUTxO model and Ouroboros for consensus, indeed, we use the same open-source components of Cardano. Shareslake addresses are fully compatible with Cardano addresses, so you can manage funds in both networks with a single wallet, just changing the network connection settings.
The initial supply of 10 million Redeemable was already issued to 4 different addresses, corresponding to each ICO batch plus the team allocation. Apart from that, 900000 RED per year will be released and used to reward the companies adding value to our network.
Shareslake epochs long 3 days, unlike Cardano which uses epochs of 5 days. We decided to use 3 days epochs to allow a faster re-balancing of network stake, allowing faster pool hopping as well as receiving stake rewards more frequently. This change constituted a discrepancy compared with our initial whitepaper, which stated we will use 5 days epochs.
Joining the network
To encourage the adoption of new Stake Pool Operators (SPOs), and help them with the deployment, we created a GitHub repository with instructions and scripts: Stake pool deployment guide. It is really similar to how it was done in Cardano. Also, every question or doubt can be posted into our
#stake-pool-operators Discord channel.
We hope to see you there!