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Stake WagyuSwap (WAG) to Earn Rewards via ‘The Great Steak Event’ -Breaking

by Mike Robinson

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© Reuters. Stake WagyuSwap (WAG) to Earn Rewards via ‘The Great Steak Event’
  • WagyuSwap shows that WAG token holders can earn various types of rewards
  • The rewards will come through “The Great Steak” event – an industry first.
  • Users can stake WAG tokens to earn SCAR through the Great Steak Program.

It is a time of great growth in blockchain and crypto industries. The world of cryptocurrency staking has been set for significant change over the next few years. WagyuSwap is a newly launched, decentralized cryptocurrency exchange that uses the Velas blockchain. It also offers native staking. WagyuSwap have just announced that users can now stake $WAG tokens to earn some big name coins, through “The Great Steak” – an industry first.

Positive news: The WagyuSwap Team has introduced a way that users can not only keep $WAG but also earn coins by participating in different projects. What makes this fun for us is that The Great Steak is in line with the exchange’s theme – Wagyu, Steak, and enjoying the finer things in life.

What’s the Great Steak?

The Great Steak, in its current version, allows you to place your $WAG tokens on The Great Steak and get $SCAR. It is the native token for the Metaverse community Velhalla.

WAG stakers are only the beginning of their $SCAR journey. From hereon, future rewards will include tokens from other tokens within the Velas ecosystem and beyond – The list includes BitOrbit, VelasPad, TRONpad, BSCPad, and many others. Wagyuswap holders will be able to diversify their portfolios with different rewards, and they’ll attract even more people.

This year has seen over 40 projects explore this technology stack. Additionally, Velas offers a fast transaction speed, low fees, solidity support and the Velas Grants Program. The Velas Grants Program offers developers $100 Million in grants for innovative projects.

WagyuSwap’s Big Steak is going to continue in the near future. It is a new concept in the industry to have staking rewards rotated. The team plans to support many prominent tokens in future. This simple, yet powerful way of changing staking rewards is fascinating.

This initiative, more importantly, shines a light on Velas’ ecosystem. It’s the first and only cryptocurrency to have a multiasset staking reward program. This will certainly be one of the most important projects in the next few months.

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