One of the largest crypto exchanges in India, CoinDCX has announced a special partnership with decentralized blockchain application network QTUM, and has chosen it as the ‘project of the week’.
In the official tweet, the exchange also announced a double reward on QTUM staking for new users of the platform.
Project of the Week: QTUM (@qtum)
Earn 2X Rewards on QTUM Staking for all new joinees,
— CoinDCX: India's Largest Cryptocurrency Exchange (@CoinDCX) August 31, 2020
Based out of Singapore, QTUM is one of the largest open source dApp networks coming out of Asia, and it aims to bridge the void between the Bitcoin and Ethereum networks. Selection as the project of the week will help QTUM to tap into the crypto community in India.
The partnership with QTUM is part of the series of special partnerships CoinDCX is engaging in, and QTUM is one of their first special partners. Users who register and stake their QTUM tokens on CoinDCX between August 31 to September 06 will be eligible for the double rewards. The rewards will be delivered at the end of the month.
CoinDCX claims to be the largest and the safest crypto trading platform in the country, with investments from Coinbase, BitMEX, and BainCapital. Apart from crypto staking, it also offers various other options like margin trading, and futures trading. Through the ‘project of the week’ initiative, CoinDCX intends to focus on premium projects to give more value to its users. By staking, users also get a right to participate in voting on proposed software alterations, and are allowed to validate transactions.
The newly registered users can either transfer their tokens from an external source, or buy QTUM on CoinDCX to be eligible. However, the maximum limit for double rewards is capped at 500 QTUM, post which they will receive regular rewards.