Kraken-linked stock token platform xStocks will introduce a rewards program for traders, liquidity providers and DeFi builders, CoinDesk reported on March 10.
The program will track users' activity on the platform and issue points. Participants can earn points by trading tokenised U.S. stocks, providing liquidity and using DeFi.
xStocks also hinted it may launch its own token. xStocks said the points program is a strategy to link long-term contributors with ecosystem growth. It said participants who accumulate points could receive additional benefits, but details were not disclosed.
Nasdaq earlier announced plans to work with Kraken to offer tokenised versions of listed stocks to investors outside the United States.
About the Author
Chi-gyu Hwang
delight@d-today.co.kr