Summary
- TenX Protocols said it has entered into a strategic staking partnership with the Tezos Foundation and purchased 5,542,935 XTZ.
- TenX Protocols said it accumulated XTZ from Jan. 2 to 19 through a combination of on-exchange trades and OTC transactions, with an average purchase price of $0.5868.
- TenX Protocols said it plans to stake the acquired XTZ via its own validators to generate recurring staking returns and expand its participation in the Tezos ecosystem.
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TenX Protocols, a staking and validator infrastructure firm, has signed a strategic staking partnership with the Tezos (XTZ) Foundation and purchased 5,542,935 XTZ.
According to CoinDesk, a media outlet specializing in digital assets (cryptocurrencies), TenX Protocols accumulated XTZ from Jan. 2 to 19 (local time) through a combination of on-exchange trades and over-the-counter (OTC) transactions, with an average purchase price calculated at $0.5868.
The purchase was carried out as part of strategic cooperation with the Tezos Foundation, and TenX Protocols said it plans to stake the acquired XTZ via its own validators to generate recurring staking returns.
TenX Protocols is a specialized infrastructure provider offering staking and validator operations services for global blockchain networks, and said it aims to expand its participation within the Tezos ecosystem through this partnership.
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
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