The exchange offered passive income in the form of a stacking of the Tezos digital asset (XTZ). Users are guaranteed 5% per annum, according to the representatives of the exchange.
Extra revenue on Coinbase
Users are offered to receive 5% of profits per year from the assets that are on the accounts. Account holders will receive a reward every three days. Users do not need to transfer anything: assets are sent to the address of the exchange. The Tezos coin doubled after the exchange reported, adding 25.91%. This was reported by the latest news about cryptocurrency.
Coinbase representatives note that earnings on other cryptocurrencies will also be available.
Cryptocurrency stacking implies that coins are mined using the Proof-of-Stake algorithm. Traders receive a passive source of income, which does not require buying expensive equipment and wasting electricity. If there are 2% coins in the wallet, the user receives 2% of the reward when a new block is discovered. Stacking is called an alternative to traditional miningMining
– is a type of activity for creating new blocks in the Blockchain to ensure proper system operation. Details.
Interesting in the section: Why altcoin exchanges stop working: dates, reasons, withdrawals
– are the common name for all cryptocurrencies (except Bitcoin).Details exchanges closed due to high costs and low activity of traders. Analysts believe the cessation of work contributed to the lack of new products.