Crypto.information – OKX has introduced a brand new characteristic that permits customers to lock up their bitcoin or BRC-20 tokens in change for BRC20-S tokens.
This characteristic offers an extra service for customers wishing to enhance their expertise throughout the ecosystem.
By locking their bitcoin or BRC-20 tokens, customers obtain BRC20-S tokens as a reward. The BRC20-S customary extends the preferred Bitcoin token customary, representing OKX’s strategy to digital foreign money.
Moreover, builders and DeFi tasks have the flexibility to leverage the BRC20-S protocol. They will set up staking swimming pools and distribute BRC20-S tokens to bitcoin and BRC-20 token holders.
OKX additionally introduced plans to unveil a devoted marketplace for BRC20-S tokens. This platform might present customers with one other layer of interplay with these digital property.
This text initially appeared on Crypto.information