Common use of Staking Services Clause in Contracts

Staking Services. When you hold Digital Assets in your CoinList Account, you may be able to “stake” these assets in a third-party proof-of-stake network via staking services facilitated by CoinList. In a proof-of-stake network, transaction validators are chosen using a formula based on ownership of the underlying Digital Asset as opposed to computing power (i.e., proof of work). Our Custodian Partners will stake these assets on your behalf. In addition, CoinList entities or its service providers may serve as transaction validators or similar nodes on their own behalf on the networks where these assets are staked. In this capacity, neither CoinList nor its affiliated entities uses your Digital Assets.

Staking Services. When you hold Digital Assets in your CoinList Account, you may be able to “stake” these assets in a third-party proof-of-stake network via staking services facilitated by CoinList. In a proof-of-stake network, transaction validators are chosen using a formula based on ownership of the underlying Digital Asset as opposed to computing power (i.e., proof of work). Our Custodian Partners custodian partners will stake these assets on your behalf. In addition, CoinList entities or its service providers may serve as transaction validators or similar nodes on their own behalf on the networks where these assets are staked. In this capacity, neither CoinList nor its affiliated entities uses your Digital Assets.