BingX, a leading global cryptocurrency exchange, has launched AUSD on its Launchpool platform, allowing users to participate in staking with a total prize pool of 150,000 AUSD.
This initiative provides seamless access to stable, dollar-pegged investments through AUSD, a stablecoin designed to unify liquidity across various blockchains.
AUSD, the native stablecoin of Agora, aims to provide a neutral and centralized solution to facilitate cross-chain liquidity. Its open model encourages collaboration among exchanges, fintech platforms, applications, and payment providers, promoting broader adoption of the stablecoin ecosystem.
The Launchpool offers an easy staking system, where users can stake AUSD at any time during the campaign, with hourly rewards directly credited to their accounts. The platform also provides real-time APY tracking, ensuring transparent returns. Users can withdraw their funds anytime, ensuring flexibility and a smooth investment experience.
Vivien Lin, Chief Product Officer of BingX, commented,
“AUSD on the BingX Launchpool redefines how users interact with stablecoins. With our Launchpool’s user-friendly features like flexible staking, automated rewards, and seamless withdrawals, investors gain a streamlined and rewarding experience. AUSD’s stability, combined with the convenience of our platform, empowers users to confidently expand their portfolios while participating in the broader stablecoin ecosystem.”
Recently, Bingx launched new initiatives, including its Spot Innovation Zone, a platform that offers users access to emerging and trending tokens. This move comes as market sentiment improves, with growing interest in meme coins and innovative projects. The Spot Innovation Zone promises fast, secure, and efficient trading with rapid token listings backed by a dedicated research team. The platform prioritizes security, ensuring stable transactions through rigorous token contract audits and measures during high market activity. They were also honoured at Blockchain Life 2024 with the “Centralized Crypto Exchange of the Year” award and two other accolades, highlighting its rapid growth and influence in digital assets.
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