Binance exchange has just announced that it will add support Algorand (ALGO) coin staking and will launch a 220,000 ALGO initial staking reward airdrop. Starting from July 27, 2019, Binance will begin taking daily snapshots of user ALGO balances at 00:00 AM UTC. Users must hold at least 2 ALGO in order to qualify for staking rewards.
And right after Binance’s tweet, ALGO price had a 20% spike. It seems that some whales were accumulating ALGO and were waiting for Binance’s announcement.
Algorand is a Boston-based blockchain company created by MIT professor Silvio Micali and recently had a token sale that raised $60 million. each token was sold at $2.40/token. its current price is only $0.673013 USD.
Binance currently supports staking for NEO (GAS), Ontology (ONG), VeChain (VTHO), Tron (BTT), Stellar (XLM) & Komodo (KMD).
Binance, the world's largest cryptocurrency exchange has announced its plans to delist and pause trading… Read More
LocalMonero, the peer-to-peer exchange platform for the privacy-focused cryptocurrency Monero (XMR), will be shutting down… Read More
The major telecom company Vodafone has unveiled an ambitious plan to integrate cryptocurrency wallets directly… Read More
In the world of cybersecurity, claims of data breaches can cause significant concern and speculation.… Read More
Indian authorities have seized large sum of bitcoins from a resident of Haldwani, a… Read More
A former senior security engineer was sentenced to three years in prison for executing sophisticated… Read More