Binance Starts Algorand Staking Services After XLM and KMD By Cryptovest

Binance Starts Algorand Staking Services After XLM and KMD

Binance has added another asset to its portfolio of staking coins – Algorand (ALGO). This extends the streak of newly added staking coins offering a form of returns. Binance already supports rewards for Stellar (XLM) and Komodo (KMD), added in the past two weeks.

Algorand is a pure staking blockchain, meaning anyone can hold coins in a wallet and receive direct ALGO rewards. There is no secondary asset to be distributed, as in the case of NEO and GAS. Binance also distributes secondary assets such as ONG for the Ontology network, and VTHO for the VET network.

Algorand is one of the curiosities in the crypto space, as the project was un…

This article appeared first on Cryptovest

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