Start investing in STAKE (xDai Chain) through Huobi, one of the most popular Cryptocurrency exchanges.
STAKE (xDai Chain)
STAKE is a new ERC20 token designed to protect the on-chain payment layer on xDai Chain and provide a mechanism for validators to receive multiple POS rewards.
How to buy STAKE (xDai Chain) on Huobi?
Follow the easy 4 steps below to buy STAKE (xDai Chain) on Huobi.
- Register a Huobi Global account
Provide an email address, create a username, and choose a secure password. - Verify your account
After registering and verifying, all you need to do to buy Bitcoin is to provide your name, date of birth, country/region and phone number. For verification information, see the verification documentation. - Deposit in fiat currency or cryptocurrency
To deposit cryptocurrency, you only need to check the encrypted address on Huobi Global and send funds to that address. There are many ways to use fiat currency to fund your account for transactions, including credit cards, cash, and other cryptocurrencies. - Start buying Bitcoin on Huobi
Once your fiat currency or cryptocurrency is in your account, you can start buying Bitcoin. Through your Huobi Global account, you can get trading charts, 24-hour global customer support, and STAKE (xDai Chain) derivatives trading.
What is STAKE (xDai Chain)?
xDai Chain is a USD stablecoin blockchain jointly launched by the MakerDAO Foundation and POA Network.
It is also a side chain compatible with Ethereum.
The chain is exchanged at a ratio of 1:1) as the basic token for transactions and payment of gas fees, and through STAKE tokens, with the help of a unique proof-of-stake algorithm-POSDAO for accounting and governance.
xDai Chain adopts a single token for transaction and gas payment mode, which eliminates the need to hold additional ETH to pay for gas on the Ethereum mainnet, and can realize low-cost and fast payment, stable handling fees, and very suitable for building based on Application scenarios of payment and DeFi.
In the future, the sidechain model will be further expanded to other stablecoins besides Dai and other main chains besides Ethereum, and STAKE will still exist as the governance token of these sidechains.
Please check Huobi official website or contact the customer support with regard to the latest information and more accurate details.
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Comment by Hans
April 24, 2024
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