Understanding Staking on Kraken: BitDegree’s Latest Mission Explained

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BitDegree, the leading Web3 education hub, is once again diving into the world of crypto exchanges with a new Mission focused on staking on Kraken. Staking, the process of holding or locking up crypto assets in a designated wallet, is a key feature on Kraken with two options available: on-chain and opt-in.

The Mission offers a gamified learning experience for participants, with the added incentive of winning prizes. Those who complete the Mission by September 12 will be entered into a Lucky Draw, where 20 winners will share a prize pool of 100 USDC. The more Bits a user earns by answering questions correctly and completing tasks, the higher their chances of winning in the Lucky Draw.

To earn more Bits, participants can also engage in other BitDegree Missions, such as the recent one focusing on the features of Coinbase. By exploring big industry names like Kraken, BitDegree continues to provide engaging learning experiences and valuable rewards for its users.

This initiative showcases BitDegree’s commitment to offering educational opportunities in the rapidly evolving world of cryptocurrency and blockchain technology. With the chance to learn about staking on Kraken and potentially win prizes, participants have a unique opportunity to enhance their knowledge and skills in the crypto space.

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