Binance US will Launch Staking Rewards for Tezos (XTZ)
On April 16th, 2020, Binance US will begin allowing all customers to begin earning staking rewards for holding Tezos (XTZ) on the exchange. Earning staking rewards on Binance US will not require any action from crypto owners. The rewards will automatically be distributed to those users that own Tezos.
What is Staking?
Staking is described by Binance US as the process of holding funds in a crypto wallet to support the operation of a blockchain.
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