LATOKEN exchange announces staking option for Polkadot (DOT) token on the platform starting June 10th.
LATOKEN, a leading cryptocurrency exchange, is now offering a staking service for Polkadot (DOT). Staking enables users to reap rewards from tokens without trading and make a passive income.
Currently, the process of staking Polkadot (DOT), is made very simple and accessible on the LATOKEN platform. Users can stake Polkadot (DOT) for 15 days and receive 13% APY. In addition, there is an «Auto-prolongation» feature that allows to automatically reinvest rewards into the same stake. Interested individuals can participate in Polkadot staking on LATOKEN by starting here.
About Polkadot (DOT)
Currently, Polkadot (DOT) is Top 9 on Coingecko, with a market capitalization of $22,561,576,514. DOT is the token native to the Polkadot network for the purpose of carrying out the key functions of the platform. The first function of DOT is to entitle holders to complete governance control over the platform. Included in this governance function is determining the fees of the network, the auction dynamics and schedule for the addition of parachains, and exceptional events such as upgrades and fixes to the Polkadot platform. The second function of DOT will be to facilitate the consensus mechanism that underpins Polkadot. The third function of DOT will be the ability to add new parachains by tying up DOT (referred to as “bonding”). As the need and interest for the Polkadot protocol rises, the token is also gaining more relevance.
LATOKEN exchange brings trading and banking to blockchain technology to automate transaction processing and save billions of work hours per year. A single year after its initial launch, LATOKEN got over 500k downloads on Google Play, and over 700k followers on socials. Entrepreneurs looking for funding can consider the LATOKEN IEO Launchpad. There are 240+ digital assets available for traders with the option to connect using RESTful or WebSocket APIs on the LATOKEN platform. LATOKEN is currently offering cryptocurrency staking for a list of tokens on its platform. In addition, LATOKEN is planning to launch its own NFT Marketplace.