We’re thrilled to announce that Kraken now helps staking for holders of Algorand’s native token, ALGO!
Head into the Earn part of your account to place your ALGO to work in the present day.
Algorand is a Proof-of-Stake blockchain that rewards customers for contributing their funds as a part of the community’s validation course of. With a purpose of delivering sooner, scalable and cheaper sensible contracts, it departs from the normal infrastructure that underpins main cryptocurrencies.
What it’s essential to know
- You may earn as much as 4.75% in yearly rewards, distributed weekly.
- Deposits require 10 confirmations (~45 seconds). You may add ALGO to your Kraken account by navigating to Funding, deciding on the asset and hitting Deposit.
Will Kraken listing extra belongings?
Sure! However our coverage is to by no means reveal any particulars till shortly earlier than launch – not even which belongings we’re contemplating. All of Kraken’s listed tokens can be found on our web site, and all future tokens will probably be introduced on Kraken’s weblog and social media profiles. Our consumer engagement specialists can not reply any questions on which belongings we could also be itemizing sooner or later.
Commerce with warning
Restrict orders are beneficial when buying and selling begins for the reason that markets could also be illiquid initially. Be extraordinarily cautious with market orders and orders that set off market orders (e.g. cease loss).
Make investments with warning
Itemizing an asset or token for commerce just isn’t a advice to purchase, promote, or take part within the related community. Do your individual analysis and make investments at your individual danger.