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Aug. 14, 2019
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Decentralized cryptocurrency exchange Bancor has announced it integrated a new community-staking mechanism to EOS, making it the first of its kind to launch on the blockchain, Yahoo! Finance reports.

The crypto platform Bancor allows users to create their own tokens and exchange them within the framework of the platform to others directly from their wallets bypassing the crypto exchanges.

The Bancor staking mechanism allows anyone, who holds a small number of coins, to receive profits from hodling.

The profits are generated from the exchange's fees.

The exchange claims it helps to boost any blockchain by "increasing liquidity." In the case with EOS, the new mechanism should reduce the volatility of tokens on the network, encouraging the usage and adoption of them.

Last year, Bancor added support for EOS.

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