VICTORIA, Seychelles, Jan 17 (Bernama-GLOBE NEWSWIRE) —Bitget, the leading cryptocurrency exchange and Web3 company, is set to become the first major centralized exchange (CEX) to offer staking for Bittensor’s native token, $TAO, providing users with the opportunity to earn rewards directly on its platform. This low-risk financial tool enables participants to earn rewards by allocating crypto via staking to validate blockchain transactions, eliminating intermediaries and enhancing decentralized financial participation.
The new feature simplifies traditional staking processes by enabling users to stake their PoS assets directly on blockchain networks. It eradicates the need for specialized hardware or intricate setups, making it an accessible option for both novice and experienced investors. Users can now stake their assets and receive rewards in the same tokens, benefiting in building low-risk wealth growth.