based in south korea cryptocurrency stock exchange upbitin a move that will further strengthen its staking offerings. Polygon (MATIC) Announced its inclusion as a supported staking digital asset effective October 25, 2023.
Upbit Announces Addition of Polygon (MATIC) for Staking
Upbit’s staking service acts as an intermediary in the complex staking process, facilitating convenient and secure staking of digital assets held for participation in blockchain verification.
Polygon (MATIC) became the fifth digital asset to receive staking support, and staking applications for MATIC are continuously being accepted. Upbit members who complete Know Your Customer (KYC) verification and enable two-factor authentication are eligible to participate.
Staking involves the process of holding digital assets and steadily accumulating digital assets over time to earn consistent rewards.
Staking Details for Polygon (MATIC):
Supported Asset: Polygon (MATIC)
Estimated Annual Reward Rate: 4.3%
Minimum Application Amount (Per Session): 2.7 MATİC
Maximum Application Amount (Per Session): 500,000 MATİC
Application Unit: 0.00000001 MATIC
About Polygon (MATIC):
Polygon addresses scalability issues by combining layer-2 technology Plasma with Proof-of-Stake (PoS) sidechain technology, creating a solution to Ethereum’s scalability problem.
*This is not investment advice.
For exclusive news, analysis and on-chain data Telegram our group, twitter our account and YouTube Follow our channel now! Moreover Android And iOS Start live price monitoring now by downloading our applications!