Staking on WazirX Lets The Users Earn More – Featured on CXO Outlook

By September 30, 2020No Comments

WazirX has allowed everyone to participate in staking by depositing and holding a certain number of tokens on its platform. Staking is similar to earning interests on bank deposits. Currently, the platform is live with TRON (TRX) and Tezos (XTZ) and enables users having at least 500 TRX and 3 XTZ respectively to stake their tokens.

WazirX will gradually expand its support to other cryptocurrencies as well and include Harmony (ONE), Swipe (SXP), and Cosmos (ATOM), alongside others. Traditionally, staking required the transfer of funds, a second wallet, and a procedure where you risk losing your tokens too. With in-exchange Staking, WazirX makes sure its users don’t even have to lift a finger. In fact, their tokens are not even locked. They can trade and when their funds are idle, they get staking rewards. This is the best of both worlds.

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