Poloniex Prepares to Implement Stacking Support for Cosmos TokensCryptocurrency exchange Poloniex this Wednesday announced its intention to implement support for staking its own tokens of the Cosmos ATOM project.

Poloniex Prepares to Implement Support for Cosmos Token Staking

Cryptocurrency exchange Poloniex this Wednesday announced its intention to implement support for stacking its own tokens of the Cosmos ATOM project.

Users who store ATOMs on Poloniex will be able to automatically earn rewards for staking the asset. The corresponding functionality will be available this summer.

Cosmos is developing a solution to ensure interoperability of different blockchains. Its own network uses the Delegated Proof-of-Stake consensus mechanism, where validators are offered the opportunity to earn additional tokens for providing blockchain security services by fixing or staking the tokens they hold..

Also today, Poloniex announced that "in response to numerous requests" it added support for "stop-limit" orders to its mobile app. The exchange notes that this is the third update of the mobile application in the last month..

ATOM trading on the Poloniex platform started at the end of April.

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