Posted 1 year ago | by Ben Armstrong

Head of OKEx Pool Introduced Staking Economy in Crypto at AMA Session

On May 13, 2020, Alina Yao, head of OKEx Pool, iswas invited to an Ask Me Anything or AMA session in the IOST official telegram community and talked about staking in crypto and OKEx.

OKEx Pool is a comprehensive mining pool, which built upon the famous cryptocurrency exchange OKEx, offering a one-stop mining and trading experience for users.

At present, OKEx Pool supports the mining of a plethora of PoW, PoS, and PoS-variant cryptocurrencies.

BitBoy is a proud operator of an IOST node, which you can learn more about by clicking right here. Please consider voting for it if you are able to do so!

Why is Staking Important for OKEx?

According to Yao, staking is one of the easiest ways to generate a yield, and it is also recognized as one of the safest ways to obtain passive earnings on digital currency. Today, it is very difficult to generate yields, which makes staking even more attractive.

OKEx Pool

OKEx is leading digital asset trading platform which provides a wealth of products, such as spot trading, margin trading, futures, options, earn, cryptographic asset tools, and more. In many ways, it is a one-stop-shop for digital assets and has attracted 20 million users around the world.

Yao added:

“The OKEx pool is an innovative pool that provides users with safe, stable, and transparent multi-currency and multi-type mining services. We encourage users to participate in staking and get a higher yield.”

To stake IOST in OKEx, users must access the IOST staking page of OKEx Pool. Users can stake IOST on OKEx official website or APP.

The Benefits of Staking With OKEx

The head of OKEx Pool introduced four staking periods for the user which one is the most attractive based on an individual's needs. The OKEx Pool distributes revenue to users daily for the staking yield.

The exchange is going to roll out product promotion campaigns that aim to increase users’ yield. Earlier this year, OKEx Pool launched the promotion campaign, called “Staking IOST Double Yield”, with a double yield during the promotion period for all IOST staking orders.

Yao highlighted the fact that – “OKEx Pool is an innovative mining pool built upon the world’s leading digital asset exchange OKEx, which is the most trusted cryptocurrency exchange.”

Special Events for IOST Users

Yao informed the public that the company is working to bring something new to IOST users while boosting the IOST community at every level.

To wit:

“We will continue to optimize our staking products to increase the participation of users and voting enthusiasm; we will continue to contribute to the IOST ecosystem by attracting more community members and increasing the world's influence by high quality online and offline activities and proactive promotion.”

If you would like to learn more about IOST, please click right here!

About Ben Armstrong

ef4f73e9ddeb61becab57469962fa946?s=90&d=blank&r=g Head of OKEx Pool Introduced Staking Economy in Crypto at AMA SessionBen Armstrong is a YouTuber, podcaster, crypto enthusiast, & creator of BitBoyCrypto.com. Better known as BitBoy Crypto, he works hard to educate and inform the crypto community.

Ben has been involved with the world of cryptocurrency since 2012 when he first invested in Bitcoin. He used Charlie Shrem's BitInstant & lost Bitcoin in the Mt. Gox hack.

In 2018, Ben decided to go "full-time crypto" and focus all of his time and energy into expanding the reach of crypto.

If you have any questions or comments please feel free to email him at BitBoy@BitBoyCrypto.com or contact him on Twitter @BitBoy_Crypto.