Bitrue (BTR) a leading digital assets exchange has announced its decision to stake 1,000,000 ADA tokens worth $1.5 million.
Bitrue (BTR) has delegated one million Cardano tokens (ADA) to the 1LOVE public stakepool.
Exchange first to delegate 1,000,000 ada to public community stake pool. 😍
Tune in [https://t.co/P88UEv3jXp] to hear @Melbomccann, @JeremyFirsterCF and @BitrueOfficial talk live about what this means for the Blockchain Ecosystem.#Cardano #Blockchain #CardanoCommunity https://t.co/uq9UcbQnjq
— Cardano Community (@Cardano) June 9, 2021
Bitrue representatives emphasized that 1LOVE pool team are Cardano’s long-term advocates. 1LOVE members volunteer as Cardano Community Ambassadors (ADA) to spread the word about the blockchain and its token along with launching one of the first large-scale ADA staking pools.
Adam O’Neill, Chief Marketing Officer for Bitrue said:
Bitrue is a huge proponent of the ADA ecosystem, we listed the coin on our exchange very shortly after we launched after receiving huge amounts of community requests, and we have since ensured that it’s always included in our new features, from investments to loans. We are really excited to be taking this further step of contributing to the community and helping the coin reach its ideal of widespread decentralization.
GliTch, owner and operator of 1LOVE staking pool, states that the decision of Cardano staking Process by Bitrue is of great importance to the entire DPoS blockchain:
It’s an honor to work with Bitrue and the Cardano Foundation to be selected for this pilot program in an effort to bring an alternative solution for exchange staking to be a viable part in Cardano’s decentralization through community pools. Bitrue’s choice to be a leader and select community pools has great potential to help strengthen the network and provide stable growth to community operations for the future.
The Bitrue team (BTR) says that this staking is a start to a long-term partnership between the exchange and 1LOVE.