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'Coinone Node' expanded to return reward for delegated cryptocurrencies

Coinone administers cryptocurrencies as node

  • Park Hyun-young
  • 2019-05-02 13:19:26
'Coinone Node' expanded to return reward for delegated cryptocurrencies
/Courtesy of Coinone

Crypto exchange Coinone has expanded its cryptocurrency reward service “Coinone Node.” Coinone Node is a service intended to return crypto reward to members given to nodes after Coinone participates as a blockchain node of a specific cryptocurrency. Members delegate their own cryptocurrencies to Coinone which would in turn administer cryptocurrency-linked reward as a node.

Coinone announced Tuesday that it had opened Coineone Node 2.0 and made it possible to use Coinone node services in mobile applications. ATOM of Cosmos began to offer services in Coinone Node 2.0 anew. ATOM will pay delegated rewards of 7 to 20% in accordance with Cosmos’ blockchain policy. Currently, cryptocurrencies that can be delegated through Coinone’s Node are Tezos (XTZ) and ATOM.

“We will exercise our sound influence on the blockchain ecosystem and provide customers with more diverse value through Coinone’s Node,” said Coinone CEO Cha Myung-hun, adding that “Coinone Node is a blockchain-based financial service being created by Coinone.”

Over six months since the release of its service last October, Coinone Node has recorded 7% in the average rate of return among delegated customers, a three-fold increase in cryptocurrency amount and a two-fold rise in the number of users through the operation of Tezos node. /hyun@decenter.kr


<저작권자 ⓒ 디센터, 무단 전재 및 재배포 금지> XC
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