XEEDA and Stakenet (XSN) Announce Partnership to Enable Users to Securely Store and Earn Staking Rewards from Smartphones

IRVINE, CA / ACCESSWIRE / September
26, 2018 / Xeeda, Inc., offering the world’s first hardware
wallet and integrated bitcoin / digital currency app for smartphones, today
announced a strategic partnership to integrate with Stakenet (XSN) to enable
users to securely store and earn staking rewards from smartphones.

Xeeda offers the world’s first hardware
wallet and integrated cold storage solution for smartphones. Xeeda’s
cryptocurrency hardware wallet and transactional smartphone app provides a
simple, secure, and convenient way to access, exchange, and manage bitcoin,
etherium, and other digital currency assets directly from a smartphone.
Stakenet will further enhance the cutting-edge technology of Xeeda with several
of its own unique integrated technology offerings.

Stakenet integration on Xeeda will
enable Stakenet owners to not only store their coin safely and securely
offline, but to also earn offline stake rewards through a Stakenet original
invention, Trustless Proof of Stake (TPoS). TPoS allows every XSN holder to
securely stake coins from a cold storage and validate the blockchain without
the need of a trusted or voted authority. Stakenet TPoS feature will help
transform Xeeda from a digital currency storage and transactional device into a
profit generating device for its users. Users will be able to earn rewards
while their personal access keys remain securely stored offline on Xeeda’s
device. TPoS is fully developed and will be available to Xeeda users as soon as
XSN is integrated onto the device in Q4-2018 timeframe.

“We are incredibly excited to
integrate Stakenet (XSN) cutting edge technology into the Xeeda hardware wallet
and app,” said Kevin Maloney, CEO of Xeeda. “Internet usage and the
global economy are increasingly driven by communications and transactions via
smartphones. The collaboration with Stakenet supports our vision to accelerate
digital currency adoption by creating a convenient and secure platform for new
users and seasoned crypto communities that require direct on-the-go mobile
access. Xeeda is focused on providing secure access to digital currency markets
through ease-of-use and mobility using our hardware wallet and integrated
smartphone app.”

Stakenet is also working towards implementations
of other original inventions such as Cross Chain Proof of Stake (CCPos). With
CCPoS, Xeeda owners will be able to stake XSN and receive rewards in any
Lightning Network compatible coin of their choosing. For example, they could
cold stake XSN on Xeeda, and receive Bitcoin or Litecoin as their reward
instead of XSN.

Rebecca Catlin, Marketing Manager of
Stakenet (XSN) said, “We are very excited to announce our partnership with
Xeeda. Stakenet integration on Xeeda strongly supports our vision to create a
dynamic environment of convenience, investment agility, and
security.”

Stakenet (XSN) is a Decentralized
Autonomous Organization (DAO) running on its own blockchain that allows easy
and secure staking of its currency, XSN, using Trustless Proof of Stake (TPoS),
achieving the highest level of blockchain security using decentralized and
trustless cold staking. The Stakenet ecosystem is made up of three divisions:
XSN Core, software team; XSN Cloud, Cloud staking and services team (Masternodes
as a Service, Masternode Monitoring); and XSN Hardware, the team behind the
development of innovative wearable bio-sensor technologies. Stakenet is
building an integrated decentralized ecosystem with three core objectives: to
create a feature complete platform for cross-chain interoperability to service
the blockchain industry, to develop a suite of effective investment tools for
institutional and conventional investors, and build the World’s first truly
decentralized cryptocurrency bank.

As users of digital currencies become
more mainstream, Xeeda’s mission is to provide convenient and secure mobile
access to leading cryptocurrencies and their loyal communities around the
globe, and to implement cutting edge innovations. Users require a safe and
secure method to transact with convenience directly from their smartphones.
Using their PIN and fingerprint, users will be able to store cryptographic keys
on the Xeeda Hardware Wallet and seamlessly buy and exchange between select
digital assets, all from the convenience of their smartphone.

Xeeda is supported on iOS and Android
devices. To use the hardware wallet, users will need to download the Xeeda app
on their iOS and Android devices (available in Q4). The app utilizes biometric
scanners for security. Simply plug the hardware device into your smartphone,
generate master seeds, set a pin, scan your fingerprint, and access your Xeeda
app. The app allows the authenticated user to access and control assets, manage
balances, review portfolios, and initiate and confirm transfers and purchases
of coins.

Preorders for XEEDA Hardware Wallet are
available now at a special launch price of $119. The first batches are expected
to ship in Q1-2019. To take advantage of this special price place your order
today at: https://order.xeeda.io/

About
Xeeda

Xeeda is a blockchain and transactions
startup company developing the world’s first cryptocurrency hardware wallet and
integrated app for smartphones. Leveraging multi-factor authentication and
built-in biometric security features, Xeeda provides a convenient and secure
way to access, exchange, and manage your bitcoins and other digital currency
assets directly from your smartphone. Anytime. Anywhere. For more information,
visit xeeda.io.

Stakenet Company
Information:

Stakenet Vision Summary: https://stakenet.io/Executive_Summary.pdf

Whitepaper: https://stakenet.io/Whitepaper_Stakenet_V3.0_EN.pdf

Official Website: https://stakenet.io

Twitter: https://twitter.com/XSNofficial

Xeeda
Contact:

Kevin Maloney, CEO

support@xeeda.io

1-800-307-4299

SOURCE:
XEEDA, Inc.

ReleaseID: 512887