Blockchain
Bitget Exchange Launches BGB Staking Service
Victoria, Seychelles–(Newsfile Corp. – April 26, 2023) – Bitget has officially launched a BGB staking service that offers users a better experience. Available to all Bitget.com users, even without KYC verification, stake BGB to withdraw assets with no withdrawal fees.
Bitget Exchange Launches BGB Staking Service
Terms and conditions:
- Zero withdrawal fees: the daily number of zero fee withdrawals depends on user staking amount. See below for details.
| Level | Zero fee withdrawals | Staked BGB |
| 1 | 1 | 2,500 |
| 2 | 3 | 12,500 |
| 3 | 10 | 60,000 |
| 4 | 30 | 240,000 |
| 5 | 100 | 1,000,000 |
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Supported coins: All except for burn coins (burn coins: GM (ERC20), PIT (BEP20), BABYDOGE (BEP20), BOT (BEP20), CULT (ERC20), PAXG (ERC20), VOLT (BEP20), VOLT (ERC20), LUFFY (ERC20), TUP (ERC20), TUP (BEP20), GVR (BEP20), CATE (BEP20), BRISE (BEP20), SAITAMA (ERC20), GRV (BEP20), ARBINU (Arbitrum One), HAMI (Arbitrum One), BOO (Arbitrum One), MUTE (ERC20), FAST (BEP20), LUNC (Terra), USTC (378), JNS (C-Chain)) and BTC on the BTC network. User can enjoy complimentary withdrawals on all other coins.
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Redemption: redeem the tokens in BGB staking every seven days, after when users get their staked BGB back. Users can also pay a 2% fee to redeem it immediately and get their BGB tokens in ten minutes. All redemptions can be partial or in full. During the redemption period, the status will be shown as redeeming.
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Staking profit: stake BGB to get a 2% APY. If users stake on day D, interest will be from day D+1 and distributed from day D+2. Afterwards, interest will be calculated and distributed to user’s spot accounts daily. During the redeeming period, no additional interest will be distributed.
About Bitget
Bitget, established in 2018, is the world’s leading cryptocurrency exchange with a core focus on copy trading. Serving over 8 million users in more than 100 countries and regions, the exchange is committed to helping users trade smarter by providing a secure, one-stop trading solution. It also inspires individuals to embrace crypto through collaborations with credible partners, including legendary Argentinian footballer Lionel Messi, the leading Italian football team Juventus, and official eSports events organizer PGL.
Please join the BGB community to get more BGB-related updates.
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PR Contact:
ZEX PR WIRE
https://zexprwire.com/
[email protected]
Disclaimer:
Cryptocurrencies are subject to high market risk and volatility despite high growth potential. Users are strongly advised to conduct their own research and invest at their own discretion.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/163810
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Blockchain
Blocks & Headlines: Today in Blockchain (BlackRock, Plume, SEALSQ, Hedera, Deutsche Bank, KuCoin)
Blockchain technology continues to drive innovation across industries, reshaping finance, infrastructure, and philanthropy. Today’s news roundup explores exciting developments in blockchain ETFs, tokenization funding, quantum-resistant chips, public blockchain initiatives, and impactful social projects. Here’s a deep dive into the latest blockchain headlines:
BlackRock ETF Embraces Blockchain with First Muni Bond Purchase
BlackRock’s blockchain-focused ETF has made its first foray into municipal bonds, signaling increased confidence in integrating blockchain technology with traditional finance. The ETF’s strategic investment demonstrates how blockchain can enhance transparency and efficiency in bond markets.
By tokenizing municipal bonds, BlackRock aims to simplify trading and settlement processes while reducing associated costs. This development underscores the growing role of blockchain in transforming financial instruments and fostering greater market accessibility.
Source: Yahoo Finance
Plume Secures Funding for Tokenization Platform
Blockchain fintech company Plume has raised significant funding to advance its tokenization platform. The company’s innovative approach enables businesses to convert real-world assets into digital tokens, streamlining asset management and unlocking liquidity.
Tokenization is rapidly gaining traction as a game-changer in sectors such as real estate, art, and commodities. Plume’s success reflects a broader trend of investment in blockchain solutions that bridge the gap between traditional assets and decentralized technologies.
Source: Fortune
SEALSQ and Hedera Partner for Quantum-Resistant Blockchain Chips
SEALSQ and Hedera have announced a groundbreaking collaboration to develop quantum-resistant chips designed to secure blockchain infrastructure. These advanced chips will provide robust protection against future quantum computing threats, ensuring the integrity of blockchain networks.
As quantum computing capabilities evolve, safeguarding blockchain ecosystems becomes increasingly critical. This partnership highlights the importance of proactive measures in maintaining the resilience and trustworthiness of decentralized systems.
Source: The Quantum Insider
Deutsche Bank’s Public, Permissioned Blockchain Initiative
Deutsche Bank’s Layer 2 blockchain solution is set to go public and operate as a permissioned network, according to its tech partner. This initiative aims to strike a balance between accessibility and security, leveraging blockchain to streamline financial services and enhance operational efficiency.
The decision to adopt a public, permissioned model reflects a growing trend among enterprises seeking to harness the benefits of decentralization while maintaining control over sensitive data. Deutsche Bank’s approach could serve as a blueprint for other financial institutions exploring blockchain adoption.
Source: CoinDesk
KuCoin’s “Light Up Africa” Initiative Brings Hope to Thousands
Cryptocurrency exchange KuCoin has made a significant impact through its “Light Up Africa” donation ceremony in Ghana, benefiting 36,000 children across the continent. The initiative combines blockchain technology with philanthropy to address energy poverty and support education.
By leveraging blockchain for transparency in charitable contributions, KuCoin sets an example of how the crypto industry can drive meaningful social change. The project demonstrates the potential of blockchain to empower communities and foster sustainable development.
Source: PR Newswire
Industry Implications and Key Takeaways
Today’s developments highlight the transformative potential of blockchain across multiple domains:
- Integration with Traditional Finance: BlackRock’s ETF underscores the synergy between blockchain and established financial systems.
- Tokenization Trends: Plume’s funding success reflects the growing demand for digital asset solutions.
- Quantum-Resistant Technologies: SEALSQ and Hedera’s partnership addresses emerging cybersecurity challenges.
- Enterprise Blockchain Adoption: Deutsche Bank’s public, permissioned network showcases the adaptability of blockchain in financial services.
- Social Impact: KuCoin’s philanthropic efforts illustrate blockchain’s capacity to drive positive societal outcomes.
The post Blocks & Headlines: Today in Blockchain (BlackRock, Plume, SEALSQ, Hedera, Deutsche Bank, KuCoin) appeared first on News, Events, Advertising Options.
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