Aladdin Exchange has Finished Phase 1 of the STRM Staking Event

Source : coinquora.com

    • Aladdin Exchange has successfully finished phase 1 of the STRM staking event.
    • Participants with STRM holders earned ADC Coins as rewards.
    • STRM staking event phase 2 will be on July 6, 2022.

On July 5, Aladdin Exchange successfully finished the first phase of the STRM Staking Event. This was a follow up to a previously successful staking event held in March of the same year. Meanwhile, the second phase of the event is scheduled to begin on July 6, 2022.

Known as the fastest-growing crypto exchange platform, Aladdin Exchange, never ceases to keep its users satisfied and happy with its interesting functions such as the first inheritance feature in the crypto space and demo trading where users can test their trading strategies. In addition to that, it has fascinating events including the recent successful STRM staking event.

Staking is one of the lesser-mentioned benefits of cryptocurrency where users can potentially earn crypto with minimal setup. Crypto staking is the process of locking up crypto holdings to obtain rewards or earn interest. The more crypto staked, the higher the rewards are. Moreover, for the long-term holders of crypto assets, it acts as an excellent form of wealth building.

Having a market cap of $9 Million according to CoinMarketCap, StreamCoin (STRM) is a Governance Mainnet Coin emerging as a utility token for the StreamCoin ecosystem running on Binance Smart Chain (BSC) following the BEP-20 standard.

Source: Aladdin Exchange Announcements
Source: Aladdin Exchange Announcements

STRM holders who participated in the staking event earned ADC Coins attractively as rewards which have been credited daily to the users’ wallets. The staking duration lasts 180 days, where the amount of ADC rewarded per day is between 0.02% to 0.05% based on the amount of staked STRM.

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