Summary
- Kraken-linked tokenized equities platform xStocks is reportedly preparing to launch a rewards program.
- xStocks said it is planning an “xPoints rewards program” for traders, liquidity providers and DeFi developers who use on-chain stock tokens.
- Users may be able to convert points earned from activity into ecosystem rewards such as governance tokens in the future, and the outlet said the rewards program could be a preliminary step toward a potential token launch.
Forecast Trend Report by Period
xStocks, a tokenized equities platform linked to Kraken, is reportedly preparing to roll out a rewards program.
According to CoinDesk, a media outlet specializing in digital assets (cryptocurrencies), xStocks is planning an “xPoints” rewards program targeting traders, liquidity providers and DeFi developers who use on-chain stock tokens.
Under the program, users will be able to earn points based on their activity, with the points reportedly potentially convertible in the future into ecosystem rewards such as governance tokens.
While xStocks has not yet announced any official token launch plan, the outlet said the rewards program could be a preliminary step toward a potential token issuance.
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
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