📢【New Blockchain News: Core Foundation Launches Dual Staking Mode】
Hello everyone! Today we are going to talk about something new in the blockchain industry. On July 25, the Core Foundation announced the launch of a new dual staking mode, which is big news! This innovation is not only an upgrade to Bitcoin staking, but also an important boost to the entire blockchain ecosystem.
First of all, what is the dual staking mode? Simply put, it is the dual staking of Bitcoin and CORE tokens. Previously, Bitcoin holders could only obtain risk-free interest rates through a single stake, but now, the Core Foundation provides everyone with a new opportunity: staking Bitcoin and CORE tokens at the same time. In this way, everyone can not only continue to enjoy Bitcoin's basic risk-free interest rate, but also obtain additional income by staking CORE tokens. This dual staking model is expected to further consolidate Bitcoin's transformation from a simple value storage to a safe, interest-bearing asset.
To review, the Core Foundation launched the first-of-its-kind non-custodial Bitcoin staking model in April 2024, which is a big breakthrough! Because it means Bitcoin holders can earn a return without giving up ownership of their tokens. So far, 5,000 Bitcoins (worth about $310 million at the time of writing) have been staked in Core, earning a risk-free rate. This dual staking model is undoubtedly a further deepening of this innovation.
So what does this mean for the market? We are neutral that this dual staking model may attract more investors to the Bitcoin and CORE token markets, further enhancing the liquidity and market value of these two assets. Of course, any investment has risks, so everyone must do sufficient research and risk assessment before participating.
Finally, we welcome everyone to share your views and questions in the comment section. What impact do you think the dual staking model will have on the Bitcoin and CORE token markets? Would you consider participating in this dual staking? Come and discuss with us! 📈
Looking forward to everyone's wonderful comments! 😊