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Binance Unrolls Stellar (XLM) Staking

Published 07/22/2019, 07:34 AM
Updated 07/22/2019, 08:41 AM
 Binance Unrolls Stellar (XLM) Staking

Binance Unrolls Stellar (XLM) Staking

Binance expanded its staking program, by unleashing Stellar (XLM) storage with included rewards over the weekend. The move follows Binance’s readiness to supply staking services for other assets, such as NEO, VeChain (VET), and Ontology (ONT).

Until now, holding XLM only accrued rewards when held in a wallet with full control of the private key. Binance now follows the trend of other exchanges like Coinbase to offer a mix of custodial services and staking. This also means that Binance will stake all the XLM in its cold storage wallets. The minimum XLM balance for staking is 10 coins.

Binance aims to encourage XLM staking by proposing a large-scale airdrop for anyone putting in their coins until th...

This article appeared first on Cryptovest

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