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OKX introduces staking-like function for BTC and BRC-20 tokens

Published 07/20/2023, 02:45 AM
Updated 07/20/2023, 03:00 AM
OKX introduces staking-like function for BTC and BRC-20 tokens

Crypto.news - OKX has announced a new feature that allows users to lock their bitcoin or BRC-20 tokens in return for BRC20-S tokens.

This feature offers an additional service for users hoping to enhance their experience within the ecosystem.

By locking up their bitcoin or BRC-20 tokens, users receive BRC20-S tokens as rewards. The BRC20-S standard extends the prevalent bitcoin token standard, representing OKX’s approach in the digital currency sphere.

Moreover, DeFi developers and projects have the opportunity to harness the BRC20-S protocol. They can establish staking pools and distribute BRC20-S tokens to the holders of bitcoin and BRC-20 tokens.

OKX has also announced plans to unveil a marketplace dedicated to BRC20-S tokens. This platform could provide users with another interaction layer with these digital assets.

This article was originally published on Crypto.news

Latest comments

Amazing opportunity for OKX users to boost their earning. I'm definitely checking this out. I'm also earning passively from Bitget flexible staking.
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