The OKX exchange has introduced the modified BRC-30 standard for tokens based on bitcoin – Bits Media

OKX cryptocurrency exchange offered a new version of the BRC-20 standard for the release of interchangeable tokens in the Bitcoin network. The BRC-30 standard involves launching stake for BRC-20 tokens.

The company's blog reports, that after the implementation of the BRC-30 standard, users will be able to Use BRC-20 and BTC tokens for stakeing. As a reward for staying users will be accrued tokens of the BRC-30 standard:

“The BRC-30 tokens are the expansion of the functionality of the BRC-20 tokens with the added description of the stake protocol. BRC-20 holders can use their digital assets to receive passive income. They don't need to sell them, But it will be possible to actively participate in the Bitcoin network and increase the potential value of their tokens ".

OKX representatives assure, that staying will be able to stimulate the owners of the BRC-20 hold assets and earn on them. That is, the pressure of sellers in the market will be reduced, And the ecosystem itself on the basis of the network of the first cryptocurrency will be more stable.

“Stayking mechanism introduces a new dimension into the BRC-20 ecosystem tokens. It should contribute to the more complete participation of users and the closer connection between the holders of tokens and the blockchain itself ", - The creators of the standard reason.

Recently reported, that the amount of NFT based on Bitcoin Ordinals and BRC-20 tokens on the bitcoin network exceeded 10 million. More than 200,000 tokens are produced daily.