OKX Pockets Introduces STX Stacking

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DUBAI, United Arab Emirates, June 10, 2023 (GLOBE NEWSWIRE) — OKX, the second-largest crypto change by buying and selling quantity and a number one Web3 expertise firm, has issued updates for June 10, 2023.

OKX Pockets Allows STX Stacking

As of June 9, 2023, OKX Pockets customers can now stack the Stacks (STX) token to earn yield in BTC instantly from their OKX Wallets. Stackers of STX will get the BTC paid by miners as a stacking reward.

Stacking is an modern mechanism that rewards STX token holders for taking part within the Stacks blockchain’s consensus course of, referred to as Proof of Switch (PoX). Stacks extends Bitcoin’s performance, increasing assist to sensible contracts, decentralized purposes and Ordinals NFTs.

Stacks is an L2 on the Bitcoin community that’s devoted to bettering the scalability and effectivity of the Bitcoin community.

For extra data, please go to the OKX Assist Heart.

For additional data, please contact:

Media@okx.com

About OKX

OKX is a world-leading expertise firm constructing the way forward for Web3. Often called the quickest and most dependable crypto buying and selling platform for merchants in every single place, OKX’s crypto change is the second largest globally by buying and selling quantity.

OKX’s main self-custody options embody the Web3-compatible OKX Pockets, which permits customers better management of their belongings whereas increasing entry to DEXs, NFT marketplaces, DeFi, GameFi and hundreds of dApps.

OKX companions with quite a lot of the world’s prime manufacturers and athletes, together with: English Premier League champions Manchester Metropolis F.C., McLaren Components 1, The Tribeca Competition, golfer Ian Poulter, Olympian Scotty James, and F1 driver Daniel Ricciardo.

OKX is dedicated to transparency and safety and publishes its Proof of Reserves on a month-to-month foundation.

To be taught extra about OKX, obtain our app or go to: okx.com

Disclaimer

THIS ANNOUNCEMENT IS PROVIDED FOR INFORMATIONAL PURPOSES ONLY. IT IS NOT INTENDED TO PROVIDE ANY INVESTMENT, TAX, OR LEGAL ADVICE, NOR SHOULD IT BE CONSIDERED AN OFFER TO PURCHASE, SELL, OR HOLD DIGITAL ASSETS. DIGITAL ASSETS, INCLUDING STABLECOINS, INVOLVE A HIGH DEGREE OF RISK, CAN FLUCTUATE GREATLY, AND CAN EVEN BECOME WORTHLESS. OKX IS NOT REGULATED BY THE FCA, THUS, PROTECTIONS SUCH AS THE FINANCIAL OMBUDSMAN SERVICE OR FINANCIAL SERVICES COMPENSATION SCHEME WILL NOT BE AVAILABLE. YOU SHOULD CONSIDER WHETHER YOU UNDERSTAND HOW CRYPTO WORKS AND WHETHER TRADING OR HOLDING DIGITAL ASSETS IS SUITABLE FOR YOU IN LIGHT OF YOUR FINANCIAL CONDITION. THE VALUE OF YOUR DIGITAL ASSETS, INCLUDING STABLECOINS, CAN INCREASE OR DECREASE AND PROFITS MAY BE SUBJECT TO CAPITAL GAINS TAX. PAST PERFORMANCE DOES NOT INDICATE FUTURE RESULTS. PLEASE CONSULT YOUR LEGAL/TAX/INVESTMENT PROFESSIONAL FOR QUESTIONS ABOUT YOUR SPECIFIC CIRCUMSTANCES.



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