OKX Proposes Industry-First BRC-30 Token Standard to Enable Bitcoin and BRC-20 Token Staking

2023-6-2 01:40

SAN FRANCISCO, UNITED STATES, June 1st, 2023, Chainwire

With BRC-30, OKX Wallet users will soon be able to stake BRC-20 tokens and Bitcoin to earn passive income on their digital assets

OKX, a leading Web3 company, today introduced its proposal for a new, open-source BRC-30 protocol that enables staking of BRC-20 tokens and Bitcoin in order to earn BRC-30 tokens. The protocol is open-source and available for all developers to build upon.

OKX Wallet will add support for the BRC-30 standard according to the protocol, enabling users to earn passive income by staking BRC-20 tokens or Bitcoin on Web3 Earn without actively trading. This complements the existing range of curated DeFi earning products already available through the platform.

The introduction of BRC-30 and its staking functionalities is driven by OKX’s goal to provide users with additional opportunities to participate in the Bitcoin ecosystem and earn passive income.

OKX Chief Innovation Officer Jason Lau said: “We’re thrilled to have proposed and pioneered the BRC-30 standard to enable Bitcoin and BRC-20 token staking. With the OKX Wallet soon to incorporate BRC-30 support, users will be able to access Bitcoin staking and earn opportunities across multiple-chains. With the Bitcoin ecosystem seeing an explosion of new development, we’re proud to work with developers and projects across the community to contribute to the growth of the wider ecosystem.”

OKX is a longstanding supporter of Bitcoin, having integrated the Lightning Network to its centralized exchange over two years ago. OKX Wallet is also the first multi-chain wallet to support BRC-20 trading with the launch of its Ordinals Marketplace, as well as the viewing and transfer of Bitcoin Ordinals.

About OKX

A leading global technology company driving the future of Web3, OKX provides a comprehensive suite of products to meet the needs of beginners and experts alike, including the OKX Wallet, NFT Marketplace, DEX and Web3 Earn.

OKX partners with a number of the world’s top brands and athletes, including: English Premier League champions Manchester City F.C., McLaren Formula 1, The Tribeca Festival, golfer Ian Poulter, Olympian Scotty James, and F1 driver Daniel Ricciardo.

As a leader building innovative technology products, OKX believes in challenging the status quo. The company recently launched a global brand campaign entitled, The System Needs a Rewrite, which advocates for a new paradigm led by Web3 self-managed technology to replace existing centralized systems.

To learn more about OKX, download our app or visit: 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. OKX IS NOT ASSOCIATED WITH ANY PARTICULAR DEFI PROTOCOL, MAKES NO WARRANTIES, REPRESENTATIONS OR UNDERTAKINGS RELATING TO ANY DEFI PROTOCOL’S OFFERINGS, AND IS NOT RESPONSIBLE OR LIABLE FOR ANY DIRECT OR INDIRECT LOSS OR OTHER DAMAGE ARISING FROM YOUR USE OF ANY DEFI PROTOCOL. OKX WALLET IS AN AGGREGATOR; ALL DISPLAYED ESTIMATED RETURN RATES ARE PROVIDED BY THE DEFI PROTOCOL, AND ARE NOT GUARANTEED NOR INDICATIVE OF FUTURE RETURNS. PLEASE CONDUCT YOUR OWN DUE DILIGENCE BEFORE INVESTING IN ANY DEFI PROTOCOL. PLEASE CONSULT YOUR LEGAL/TAX/INVESTMENT PROFESSIONAL FOR QUESTIONS ABOUT YOUR SPECIFIC CIRCUMSTANCES.

Contact

OKX, [email protected]

The post OKX Proposes Industry-First BRC-30 Token Standard to Enable Bitcoin and BRC-20 Token Staking appeared first on CoinJournal.

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brc-20 bitcoin token okx brc-30 staking tokens

Источник: coinjournal.net

brc-20 bitcoin → Результатов: 52


OKX Proposes Industry-First BRC-30 Token Standard to Enable Bitcoin and BRC-20 Token Staking

SAN FRANCISCO, UNITED STATES, June 1st, 2023, Chainwire With BRC-30, OKX Wallet users will soon be able to stake BRC-20 tokens and Bitcoin to earn passive income on their digital assets OKX, a leading Web3 company, today introduced its proposal for a new, open-source BRC-30 protocol that enables staking of BRC-20 tokens and Bitcoin in […] The post OKX Proposes Industry-First BRC-30 Token Standard to Enable Bitcoin and BRC-20 Token Staking appeared first on CaptainAltcoin.

2023-6-2 23:10


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2023-5-24 17:28


OKX: Hub for Trading Bitcoin Ordinals

Leading Web3 technology firm OKX has announced plans to launch Ordinals Marketplace on OKX Wallet, enabling users to mint and trade Bitcoin Ordinals and BRC-20 tokens. This step highlights OKX’s ongoing support for the Bitcoin ecosystem, positioning the OKX Wallet as the only multichain wallet facilitating trading and minting of Ordinals, BRC-20 tokens, and NFTs […] The post OKX: Hub for Trading Bitcoin Ordinals appeared first on NFT News Today.

2023-5-17 23:14


OKX Wallet launches Ordinals Marketplace to support BRC-20 trading

The Ordinals Marketplace will offer features that include minting and trading of Bitcoin Ordinals OKX Wallet to support Lightning Network and staking for Stacks (STX) and BRC-20 tokens OKX to attend the Bitcoin Builders Conference in Miami OKX, one of the leading cryptocurrency exchanges and Web3 technology company, today announced the launch of Ordinals Marketplace […] The post OKX Wallet launches Ordinals Marketplace to support BRC-20 trading appeared first on CoinJournal.

2023-5-16 17:38


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Генеральный директор фирмы JAN3 Самсон Моу (Samson Mow) считает, что хайп вокруг аналога NFT в сети Биткоина и токенов стандарта BRC-20 утихнет всего через несколько месяцев.

2023-5-15 09:59


Frogs, Fevers and Fees: Bitcoin’s New Governance Challenge

The creation of Bitcoin-based meme coins using the new BRC-20 standard has driven up Bitcoin fees as they use more data than a basic Bitcoin transaction. But while some developers in the Bitcoin community are proposing a filter to block Bitcoin NFT projects, such censorship could run counter to Bitcoin's open-source characteristics, CoinDesk's chief content officer Michael Casey argues.

2023-5-13 21:30


Разработчики биткоина могут заблокировать выпуск токенов BRC-20

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2023-5-12 11:06


Фото:

BRC-20 tokens creating a frenzy as users pour BTC into minting tokens

BRC-20 tokens have created a frenzy over the last few days. Users are pouring BTC to mint the token that is settled on the Bitcoin Blockchain via Ordinals inscription. Bitcoin sidechain Mintlayer CEO Enrico Rubboli however feel that the technology to mint the BRC tokens is “heavily flawed and isn’t in line with the axioms […] The post BRC-20 tokens creating a frenzy as users pour BTC into minting tokens appeared first on Invezz.

2023-5-9 17:58


Фото:

Bitcoin addresses take an extreme nose dive

Bitcoin's record transaction counts due to the rise of BRC-20 tokens have revealed an intriguing anomaly: a negative correlation between transactions and active/new addresses. As these addresses hover around the 365-DMA, it begs the question: what's causing this unusual disconnect between transaction counts and address activity? Find out the hidden factors at play, and uncover how this could impact the future of the crypto market.

2023-5-8 15:30


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