OKX Launches Bitcoin Staking Solution
OKX has just introduced the BRC-30 standard, an enhanced version of BRC-20 that features a staking mechanism for Bitcoin-based tokens.
Crypto exchange OKX has just introduced the BRC-30 standard, an enhanced version of BRC-20 that features a staking mechanism for Bitcoin-based tokens.
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According to the announcement, the solution will allow users to additionally interact with digital assets and receive passive income in BRC-30 tokens.
OKX has added:
“Staking incentivizes users to hold onto their assets, potentially reducing selling pressure on the market and contributing to a more stable token ecosystem.”
With the introduction of BRC-30, BRC-20 and Bitcoin token owners will be able to generate revenue not only through trading. The mechanism contributes to the expansion of the number of participants in the ecosystem and will strengthen the connection of asset holders to the core network.
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The project team is responsible for issuing BRC-30 tokens, creating a staking pool and attracting initial participants.
Users will be able to make deposits, withdraw funds at any time and receive rewards.