June 5, 2023
💻 Staking BTC and BRC-20 using the new solution from OKX
The exchange introduced the new BRC-30 token standard and functionality for staking BTC and BRC-20. The idea is that users will stake BTC and BRC-20, receiving new tokens - BRC-30 as a reward.
💬 “By implementing the BRC-30, we are looking to a future where holders of BRC-20 tokens and bitcoin can use an alternative way to generate income, not relying solely on buying an asset at a low price and reselling it at a high one. The staking mechanism brings new functionality to the BRC-20 token ecosystem, helping to strengthen the connection between token holders and the Bitcoin network.