Bybit EU Kicks Off First Launchpool with XION Staking Initiative
Crypto is heating up in Europe. Bybit EU just launched its first rewards program called a Launchpool, in partnership with the XION project.This initiative lets users earn rewards by staking certain tokens.
The new pool is made up of 100,000 XION tokens, which are valued at around $110,000. users can stake XION, Mantle (MNT), or the USDC stablecoin to get in on the action.
Here’s how the rewards break down:
- XION stakers get a juicy 60% APR.
- Mantle holders earn a 36% APR.
- USDC stakers receive a steady 24% APR.
However, it’s crucial to remember that the APR is linked to the tokenS risk. The more volatile a coin is, the higher the potential risks.
XION founder Anthony Anzalone sees this as a big step forward. He believes that “Europe is leading the way in regulated digital assets.” Working with Bybit EU helps make blockchain tech safer and easier for regular folks.
Bybit EU started operating last month with Europe’s MiCA regulations in mind. CEO Mazurka Zeng says, “Securing our MiCAR license in Austria shows our dedication. This launch proves that good rules can speed up innovation.”
