ICON Reveals New Staking Service for Crypto Beginners
Main page News, South Korea, Blockchain

South Korean blockchain ecosystem ICON has announced a new service oriented on crypto beginners that would allow them to stake-and-earn rewards. According to an official press release that was shared with iHodl, the so-called ICONFi service introduces new features to stake cryptos with one click.

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Initially, the service will offer a 20% APY fixed-term and support ICX, bitcoin (EXANTE: Bitcoin), ethereum (ETH), and tether (USDT), however, the developers plan to add new assets in the future based on demand. It is expected that the service will be launched in December 2020.

Min Kim, ICON Founder, says the main goal of ICONFi is to create "a more inclusive and diverse ICON community by bringing clear benefits to crypto beginners."

"We believe ICONFi can be the gateway to other DeFi products like decentralized wallets, as well as an entry point for the ICON ecosystem and blockchain technology as a whole," Kim added.

In September 2020, the community arm of the ICON Network, the ICON Foundation, announced the roadmap for its next-generation blockchain software called ICON 2.0.

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The new version of the network will not require a bridge or token swap, but will be seamless to current users, while providing superior functionality.

Access more than 50 of the world's financial markets directly from your EXANTE account – including NASDAQ, London Stock Exchange and Tokyo Stock Exchange.

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