Crypto.com, the payments, and cryptocurrency platform announced today that it has added XTZ to Crypto Earn, allowing users to enjoy up to 6% p.a. on their deposits, paid in XTZ. Crypto.com private users will earn up to 8% p.a.
Crypto Earn now supports 19 coins including BTC, ETH, LTC, XRP, BNB, TUSD, PAX, USDC, MCO, BAT, LINK, CRO, MKR, DAI, PAXG, EOS, XLM, ATOM with the addition of XTZ. Interest is paid out weekly in the coin deposited with flexible, 1-month or 3-month terms available. Users earn more by staking at least 500 MCO.
Note: For US users, both deposit and withdrawal of XTZ and Crypto Earn deposit in XTZ are initially available in 38 states: Alaska, Arizona, Arkansas, California, Colorado, Delaware, Florida, Illinois, Indiana, Iowa, Kansas, Kentucky, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey, North Dakota, Ohio, Oklahoma, Pennsylvania, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Virginia, West Virginia, Wisconsin, and Wyoming.
Tezos (XTZ) is an open-source platform for assets and applications that can evolve by upgrading itself. It aims at combining a self-correcting protocol and on-chain governance to manage network modifications. Tezos offers a platform to create smart contracts and build decentralized applications. Using Proof-of-Stake as its consensus mechanism, any stakeholder of Tezos can participate in the consensus process and be rewarded by the protocol itself for contributing to the security and stability of the network.