Graph Blockchain (GBLC) has begun Proof of Stake Mining of Tezos's native token (XTZ Token).
Having acquired 100,000 XTZ Tokens for US$670,967, Graph Blockchain has initiated staking of its full allocation using Coinbase.
As of today's date, the XTZ Token has already appreciated in value by 17.86 per cent.
Additional information will be provided on the XTZ Token as the project progresses. XTZ Token can earn a staking reward with an estimated annual reward rate of 4.63 per cent, based on the Tezos staking rewards generated.
Coinbase has implemented safeguards to ensure a healthy and efficient network both on-chain and through their platform. These safeguards include both minimum and maximum amounts for each cryptocurrency they allow customers to send through the blockchain.
Paul Haber, CEO of Graph Blockchain Inc. commented,
"We believe Tezos' consensus algorithm and general approach to the crypto community will help it acquire a significant portion of the smart contract platform market share, and therefore significant price appreciation. Its Liquid Proof of Stake technology is more decentralized, more scalable, and considerably more sustainable than Proof of Work networks. Graph Blockchain is proud to support Proof of Stake platforms and the Tezos network."
Tezos (XTZ) is a blockchain platform designed to support smart contracts and decentralized applications.
Graph Blockchain Inc. is a blockchain development company that provides high-performance blockchain solutions for businesses and the government.
The Babbage Mining Corp. is the first publicly tradable altcoin miner that focuses on altcoins, alternative cryptocurrencies to Bitcoin. By mining altcoins through Proof of Work and Proof of Stake, Babbage can provide investors with exposure to the emerging cryptocurrency market and potential gains that altcoins represent.
Graph Blockchain Inc. (GBLC) opened trading at C$0.13 per share.