After having explored the main features of Kraken in June, the leading Web3 education hub Bitdegree continues its exploration of the crypto exchange by introducing a new Mission focused on staking.
Staking is the process of either holding or locking up a certain amount of crypto assets in a specially designated crypto wallet. On Kraken, there are two staking options: on-chain and opt-in.
The Mission delves into this feature through a gamified learning experience, while also offering an opportunity to win prizes.
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What is Staking Crypto? (Rewards & Risks Explained SIMPLY)
Participants who complete the Mission by September 12 will be entered into a Lucky Draw for a chance to become one of 20 lucky winners who will share a prize pool of 100 USDC.
Having a higher amount of Bits, which are points that are earned by answering Mission questions correctly and completing tasks, increases a user's odds of winning in the Lucky Draw.
To earn more Bits, one can participate in other BitDegree Missions, such as the recently launched one, which focuses on the features of Coinbase, another globally leading crypto exchange.
With this new initiative, BitDegree continues to offer engaging learning experiences and valuable rewards for exploring big industry names like Kraken.
