CoinDCX Becomes First India Exchange to Offer Users Crypto Staking

Mumbai-based cryptocurrency exchange CoinDCX launched its new product on Friday, allowing its users to stake three cryptocurrencies:

1.Harmony (ONE),
2.Qtum (QTUM) and
3.Tron (TRX)

Users with a minimum balance of 100 ONE tokens, one QTUM token and five TRON tokens will be eligible for staking.

An alternative to proof-of-work, or mining, proof-of-stake is a system used by some blockchains enabling users to hold coins in a cryptocurrency wallet to support the operations of the network in return for newly minted coins.

In effect, staking is similar to buying government bonds in return for a fixed yield. This new initiative will introduce more Indians to the crypto Space as the Indian crypto community now has the opportunity to earn passive income merely by holding cryptocurrencies – an activity known as staking.

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Great feat. What do we think?

“Crypto to the World”. Global adoption is a must.

Please check trustwallet and it is decentralized that enables you to actually stake your coins. You can read the topic: Earn Crypto | Staking Coins | Earn Bitcoin | Trust Wallet | Trust Wallet

Yeah, i had staked in CoinDCX

Nice, I think $MATIC will follow soon.