Wednesday, November 30, 2022
HomeCrypto NewsMarketBitrue Exchange Delegated 1,000,000 Cardano To 1LOVE Public Stakepool

Bitrue Exchange Delegated 1,000,000 Cardano To 1LOVE Public Stakepool

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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.

 

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.

 

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Albert Brown
Albert Brownhttps://thecryptobasic.com/
Albert Brown is a cryptocurrency investor and journalist who has been in the nascent space since 2017. His love and passion for technological innovations made him delve deeper into the world of blockchain and cryptocurrencies. As a journalist, Brown has written on several crypto-related topics that have been referenced by popular industry players like Tyler Winklevoss, Binance CZ, etc.

Disclaimer: The content is for informational purposes only, may include the author's personal opinion, and does not necessarily reflect the opinion of TheCryptoBasic. All Financial investments, including crypto, carry significant risk, so always do your complete research before investing. Never invest money you cannot afford to lose; the author or the publication does not hold any responsibility for your financial loss or gains.

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