Tuesday, February 22, 2022

Are You Ready for the XTZ Push 🎫? Network Update Introduces New Staking Option for the Hodlers

Can You Smell What Tezos is Cooking?

 

XTZ owners can now "EliteBAKE" their holdings for additional gains. The "baking" concept is not new to the community, as it is how the blockchain is secured and those securing it are compensated.

 

The new "EliteBAKING" feature was developed to compete with other passive-income-like asset mechanisms (such as PoS and DeFi).

 

Although it requires a minimum threshold amount of XTZ, the rewards too, are significantly greaterWe are rewarding increased incentives for the first 3000 Elitebakers, including immediately crediting the first reward they are entitled to.

EliteBAKE NOW

 

Tezos is designed to provide the safety and code correctness required for assets and other high-value use cases at both the protocol and application layers by leveraging languages OCaml and Michelson, which facilitate formal verification, a practice commonly used in mission-critical industries, spanning from nuclear and aerospace to semiconductor and others.

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