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We’re thrilled to announce that Kraken now helps staking for holders of Algorand’s native token, ALGO!
Head into the Earn part of your account to place your ALGO to work as we speak.
What’s Algorand?
Algorand is a Proof-of-Stake blockchain that rewards customers for contributing their funds as a part of the community’s validation course of. With a objective of delivering quicker, scalable and less expensive sensible contracts, it departs from the normal infrastructure that underpins main cryptocurrencies.
What you want to know
You’ll be able to earn as much as 4.75% in yearly rewards, distributed weekly.
Deposits require 10 confirmations (~45 seconds). You’ll be able to add ALGO to your Kraken account by navigating to Funding, choosing the asset and hitting Deposit.
Will Kraken record extra property?
Sure! However our coverage is to by no means reveal any particulars till shortly earlier than launch – not even which property we’re contemplating. All of Kraken’s listed tokens can be found on our web site, and all future tokens might be introduced on Kraken’s weblog and social media profiles. Our consumer engagement specialists can not reply any questions on which property we could also be itemizing sooner or later.
Commerce with warning
Restrict orders are really useful when buying and selling begins because the markets could also be illiquid initially. Be extraordinarily cautious with market orders and orders that set off market orders (e.g. cease loss).
Make investments with warning
Itemizing an asset or token for commerce will not be a suggestion to purchase, promote, or take part within the related community. Do your personal analysis and make investments at your personal danger.
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