Gate.io Starts Distributing Rewards to Tezos (XTZ) Holders

Great news for Tezos(XTZ) holders on gate.io!!

Gate.io starts distributing the Tezos (XTZ) baking rewards to all XTZ holders based on their average daily XTZ balances every week. The current annual reward is around 10.5%, it might drop in the future and we will adjust the distribution rate accordingly.

Check your XTZ rewards by logging at https://gateio.io/myaccount/mypurselog


About Tezos (XTZ)

Tezos(XTZ) is a new decentralized blockchain that governs itself by establishing a true digital commonwealth. It facilitates formal verification, a technique which mathematically proves the correctness of the code governing transactions and boosts the security of the most sensitive or financially weighted smart contracts.

Whitepaper: https://tezos.com/static/papers/position_paper.pdf

Official website: https://tezos.com/


What Is Baking

“Baking” is the act of signing and publishing blocks to the Tezos blockchain. Bakers are a crucial component of the PoS consensus mechanism by ensuring that all transactions in a block are correct, that the order of transactions is agreed upon, and that no double-spending has occurred. (Resource: https://tezos.com/)

Learn more about “Baking”:

It’s a baker’s life for me


A Simpler Way to Get Tezos (XTZ) Mining Rewards

As there is a complex process to get XTZ baking rewards, gate.io now provide traders with a simpler way. All you need to do is to deposit XTZ on gate.io. Gate.io will delegate most of the Tezos (XTZ) deposits for baking and return all baking rewards to XTZ holders. In this case, traders only need to simply deposit XTZ and get rewards regularly.

Deposit XTZ: https://gate.io/myaccount/deposit/XTZ

For more information: gate.io Starts Distributing Rewards To XTZ Holders