Graph Blockchain (TSXV: GBLC) has outlined its altcoin cryptocurrency purchase and staking strategy. The company, which is focused on developing graph technology for enterprise applications, says it will buy polkadot and cardano first. The strategy was released by the company this morning (March 10, 2021) within a brief news release.
About Graph Blockchain Inc.
Ontario, Canada – July 11, 2019 – Graph Blockchain Inc. (“Graph” or the “Company”) (CSE: GBLC) is pleased to announce its partnership with Staking Facilities Ltd. (“Staking Facilities”), a company that provides institutional investors access to staking services for Proof of Stake (PoS) blockchain networks. As part of this agreement, Graph will provide its expertise in developing blockchain applications on the Cardano and Polkadot networks to Staking Facilities.
Great News from Graph Blockchain Inc.
Graph Blockchain (TSXV: GBLC) has today released a news brief outlining its altcoin cryptocurrency purchase and staking strategy. The company has identified Cardano (ADA) and Polkadot (DOT) as the first two altcoins for staking, with more to be announced in due course. This move is part of Graph Blockchain’s broader goal to become a leading player in the blockchain space.
Benefit for Cardano and Polkadot
According to a recent blog post from Graph Blockchain, Cardano and Polkadot are the first two altcoins that will offer staking rewards. This is great news for holders of these coins, as they can now earn rewards just by holding onto their tokens! In the case of Cardano, holders will be able to earn a 5% return on their investment. Polkadot holders can expect to earn a 7% return. These returns are far higher than what you would get from most other cryptocurrencies. So if you’re looking for a way to generate some passive income, be sure to check out Cardano and Polkadot!