Northstake to provide staking solutions on Concordium Blockchain

We are proud to announce our staking solution on Concordium’s blockchain to provide secure and reliable staking services to Concordium investors. Concordium investors can sign up for a hassle-free solution and earn an annual percentage yield between 9-12% on their investment.

Staking is a way to put your crypto to work and earn rewards. Staking is the process of actively participating in transaction validation on a proof-of-stake (PoS) blockchain such as the Concordium blockchain. Anyone with a minimum-required balance of a specific cryptocurrency can validate transactions and earn staking rewards.

Northstake is a Nordic staking provider, and has registered its activity with the Danish FSA. Northstake operates dedicated validator node infrastructure that allows investors to earn rewards through network participation, without having to run their own infrastructure 24/7.

In addition to running a node infrastructure on Concordium, Northstake actively participates in the ecosystem development and collaborates with Concordium on use case development and enterprise blockchain adoption.

“We are excited that Northstake is announced as a Layer 2 staking solution to run Concordium finalizer and baking node infrastructure and staking pools. As a trusted and loyal ecosystem partner to Concordium, we will continue contributing insights and support to the Concordium development team and its ecosystem collaborators,” said Jesper Johansen, CEO of Northstake.

“We are happy to see Northstake as a community participant with its new staking solution. Staking plays an important role in the ecosystem and supports the security and decentralisation of the blockchain, in addition to providing the owners of Concordium’s crypto currency, the CCD, with an opportunity to earn rewards,” said Beni Issembert, CMO of Concordium.

Northstake is ready and currently onboarding clients on the staking services, which includes staking-as-a-service on dedicated validator node infrastructure and delegation to our Northstake staking pool.

About Concordium

Concordium is a Public and Proof-of-Stake blockchain with a unique ID layer at the protocol. Concordium differs by offering fast and real finality with low transaction fees, stable in FIAT, expressed in CCD, its native token.

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