We’ve been looking forward to this day from the very 2018. Back in May that year, we issued NOW Token — the native cryptocurrency of NOW products and the first crypto issued by an instant crypto exchange. A lot has happened ever since — NOW has been the first token issued on Binance Chain with the support of CZ, and has taken an active part in NOW products’ life.
Today, a new major milestone is opening for NOW Token. We’re delighted to introduce NOW Staking — a way to profit for all NOW holders!
What is NOW Staking?
NOW Staking means freezing some (or all) of your NOW Tokens to maintain the proper functioning and the security of its network. For doing this, you get rewarded.
NOW Staking works with the tokens issued on Binance Chain — NOW-BEP2. If you have NOW-ERC20 that you would like to stake, you can easily swap them to NOW-BEP2 at 1:1 rate here.
Why is NOW Staking profitable?
Firstly, you get staking rewards with NOW Token for helping the network run. Secondly, we expect NOW Token to significantly increase in price soon due to the staking introduction and other activity.