CoinDCX, one of India’s largest cryptocurrency exchanges, announced the launch of three new tokens – EOS (EOS), Tezos (XTZ), and Neo (NEO) on Stake by CoinDCX program. The Singapore-based company specializes in crypto-enabled financial services, aiming to revolutionize cryptocurrency’s capabilities with its crypto-based products reaching out to financial organizations.
In an encouraging response from users after the launch of Stake, the users expressed their wish to have more options to stake and earn passive income on the platform.
The newly launched options will be available to all traders and HODLers on the exchange. CoinDCX will follow a liquid staking mechanism, similar to the other Proof of Stake tokens available on Stake. This means they won’t require users to lock their funds to earn incremental income on their idle lying digital monies. Simply store these tokens on their separate wallets, and the earnings will flow in. With more choices to stake in, it will help all users on the exchange to expand their portfolio, while acquiring easy revenue in a lot more cryptocurrencies.
About The New Digital Assets
- EOS – EOS is one of the top ten cryptocurrencies in the world based on market capitalization. It positions itself as capable infrastructure for running decentralized applications, enabling all aspects of the development process – from hosting to the execution of commercial-scale dApps on its platform. Staking is an essential part of the EOS blockchain since it grants users resources (CPU, RAM, NETWORK) to perform transactions.
- Tezos – Tezos is a blockchain network linked to a digital token, called XTZ. Its differentiator is that it uses an on-chain governance model that enables users to directly control (and change) the rules of the network, without any noticeable disruption. This model relies on a delegated Proof-of-Stake (DPoS) model to achieve consensus and essentially run its governance model.
NEO – NEO is often seen as China’s version of Ethereum. It’s a blockchain platform that enables smart contracts, digitized assets, and a broader decentralized ecosystem.
What is Stake By CoinDCX?
Stake is one of the majorly used programs for many investors who lack a technical background. While lending on DeFi protocols expects users to comprehend the protocol and the fees structure, staking on CoinDCX is an easy two-step process. The users have to determine their intended coin to stake and its quantity. Then, they can buy the coin or deposit it in their CoinDCX wallet.
Fund protection and zero transaction fees make Stake a better and safe lending options on DeFi protocols.
Don’t wait for long! Come and stake, and don’t miss grabbing the best rates available in the market.