CEX’s New Automatic Staking Feature Has Officially Gone Live

CEX’s New Automatic Staking Feature Has Officially Gone Live

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The CEX Automatic Staking Feature has gone live with 4 tokens currently available to stake on the platform.

CEX announced news of the staking feature last week but didn’t designate a specific time for it to launch. However, CEX users were informed yesterday that staking was up, running and ready for users to start earning the rewards that come as a result of doing so.

Upon its launch, 4 tokens were listed as being able to be staked on their platform and begin earning benefits from. These are NEO, ONT, TRX and MCH and you can access and begin staking these already. While there are at least two other tokens that are “coming soon”. These are Tezos, the highest-ranked staking token on Coinmarketcap, and Cosmos, a token that has been growing in prominence over the past year.

These latter two tokens are visible on the staking section of their platform, although they are not yet live and are shaded out. Whether they will grow the potential list of tokens available for staking to over 6 remains to be seen, but it seems likely at some point – perhaps reflective of the initial success of these initial stakeable tokens.

As mentioned last week, CEX is unique in a very important way. As opposed to most other staking services, particularly those at competitor platforms, there is no need to lock your tokens in order to offer them up to be staked and earn rewards. Instead, you merely need to buy and hold these tokens, and your rewards will then be added to your account automatically.

This means that you can trade these tokens if needs be and even place orders with them. These rewards can be earned up until the point by which you sell these on and cease to own the tokens anymore.   As such, the staking capabilities at CEX provide you one the largest degrees of freedom you are likely to find at an exchange platform. With you not needing to do anything in order to earn benefits from the new feature.

Trading Competition

A second piece of news that has been announced by the platform is that of a new trading competition that begins today. While this is completely unrelated to the new staking feature, it is still another way by which you can earn while you trade at the CEX. This trading competition has been announced as a chance to “celebrate” and give back to the platform’s traders, recognising them as an integral part of the CEX infrastructure.

Those who wish to opt-in and participate in the competition will stand to win GBP denominate prizes by accumulating a large number of trades over the next 15 days. As such, it is not a competition focused on trade volume, as is usually the case with such competitions, but just activity on the platform. With the reasoning behind this to recognise all market traders, not just the whales or other members of their community who trade large amounts periodically.

  • Those who are looking to get involved should be aware of these parameters
  • You must have a trading activity on at least 5 days 
  • The number of trades on each separate day cannot exceed 50% of your total trades
  • All GBP pairs are eligible  
  • Each eligible trade must be at least 10 GBP in value. 
  • No more than 6 trades per minute are eligible to participate.

There is a total of £1000 GBP up for grabs in this trading competition. Half of which (£500) will be split among the top 10 leaders who adhere to these contest requirements. While a further £500 will be distributed to the top 5 of these 10 traders proportionately reflective of their numbers of traders.

For full details and to get involved in the automatic staking go to CEX now!

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