Nowadays a name is emerging very fast in Crypto Market… and this name is Stakestone (Sto). This new crypto project has been listed on May 2 on 2 May, and its price has been seen by more than 68.55% in just 24 hours. For the past few days, the Crypto market has continued to fluctuate, while on the other hand, after the new Crypto project like Stakestone, the jump of 68.55% is attracting the attention of investors.
What is Stakestone?
Stakestone is a crypto project that Dyscentralized omnichen liquidity protocol Works like In such a situation, it can be said that Stakestone is not just on a blockchain, but these many blockchains (eg ethereum, Binance Can work together on the beginning, under which users can stake their cryptocurrency such as bitcoin and ethereum. In fact, its purpose is to better distribute liquidity on all blockchain networks and increase yield (earnings). India’s best crypto project Click here to know about.
This is how the stakestone works
Any users on the Stakestone platform can stake their cryptocurrency such as Etreum and Bitcoin. In return, they receive some tokens like Stone (Staked Eth) and SBTC (Staked BTC). Users can easily use these tokens in Defi, GAMEFI and NFT projects. Stakestone has its own governance token $ Sto, allowing users to participate in the direction and decisions of the project.
Why 68.55% rose in Stakestone?
The price of Stakestone token has increased from $ 0.12 to $ 0.2042 in the last 24 hours. According to Coinmarketcap, it has recorded a jump of about 67.97 per cent in the last 24 hours and the market cap is now close to $ 46.12m. Actually there are two major reasons behind this fast –
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Listing on binance, As soon as the Binance Exchange announced its spot listing, there was a tremendous bounce in the trading volume.
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Airdrop Scheme: Binance announced to provide 1.5 per cent supply to subscribers of $ BNB Easy Earn products i.e. 15 million $ sto free.
For whom is a golden opportunity stakestone
Stakestone can actually be a great option for people who want to earn through defi, multi-chain projects and stacking. However, just as every crypto investment has a risk, there may be some risk in Stakestone.
Conclusion
Stakestone (STO) showed very fast in the last 24 hours in the Crypto Market, due to which he has come into the limelight. Actually, this project not only looks strong from a technical point of view, but its listing, partnerships and reward plans on its binance have made it the choice of investors. However, investors should invest only after proper assessment, as every crypto investment may also be likely to suffer losses.
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