Introducing Sprout by SesameseedSesameseed is proud to introduce Sprout, a comprehensive, decentralized blockchain tool designed to provide a simple and secure blockchain experience to holders of digital assets. Sprout is built as the premiere staking wallet to stake and earn digital assets, plus so much more. It seeks to motivate beginner and advanced coin holders to stake them directly on the blockchain.
The launch of Sprout marks another milestone in advancing the mission of Sesameseed, to incentivize and simplify community staking.
Sprout is built as the premiere staking wallet to stake and earn digital assets, plus so much more.
The challenge
The barrier to entry for staking and earning staking rewards is high. The foundational tools used to introduce users are not always intuitive or secure. There are few options that make interacting with the blockchain simple. To encourage higher participation in DPoS (delegated proof of stake), tools need to be designed with high-grade user experience in mind. This requires a solution built top-to-bottom for accessibility and usability, with beginner and advanced blockchain users in mind, that enables a dynamic experience.
Digital wallets have played a fundamental role in a blockchain ecosystem. They are a gateway to a new user’s blockchain experience as they seek to securely store their digital assets. Once these assets have been stored, however, there are generally few options available to holders to interact with them. Sesameseed believes wallets should benefit holders beyond storing their tokens. They should encourage staking, making them active members of a blockchain community, motivated to advocate for the success of the blockchain.
How Sprout works
Built to be accessible and secure, Sprout is a comprehensive platform for using different elements of a blockchain, reducing barriers to entry and energizing a community of token holders. Some of the benefits of Sprout: intuitive staking, non-custodial (own your keys, own your crypto), fully decentralized, on-chain staking and rewards distribution, SEED rewards backed by a portfolio of diverse digital assets, SEED peg redemption, SEED cross-chain swapping, built by a trusted blockchain community.
Coins and Tokens Supported
As it is developed by Sesameseed, Sprout will support all native coins, as well as most tokens from blockchains that Sesameseed represents. Coins supported at launch are TRX, ONT, ONG and ONE. As Sesameseed continues to integrate more blockchains into its staking ecosystem, many of their corresponding coins and tokens will be added to Sprout.
Sprout has integrated the SEED rewards token into the fabric of its staking mechanism. This allows Sprout to create the most dynamic staking experience and maximize staking rewards. While SEED is not required to use Sprout, there are many notable features available only with SEED.
- Multichain staking from a diverse group of blockchains
- Auto-staking rewards instantly enable higher earning potential
- Compounding rewards that multiply earned rewards over time
- Participation power means more rewards per staked token
- Daily rewards distribution
- 100% backed tokens redeemable anytime
- Increasing SEED redeem value over time
There are several resources to learn more about SEED including the Sesameseed Docs and blog.
Beta Launch
Sprout launched in public beta in April 2020. Features launched during public beta, such as staking, benefit from user feedback and bug reporting to continue improving the app experience and its content.
Production Launch
Currently scheduled for production release on Q2 2020, Sprout will launch as the premier multichain staking platform and grow to deliver the most dynamic experience in blockchain.
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