As the world of digital assets continues its rapid growth, several entities in the industry have begun upping their game. With updates and blockchain developments intrinsic to the positive movement of cryptocurrencies, companies like Bololex have taken charge at the helm. The cryptocurrency exchange platform made a name for itself because of its low transaction fees, focus on privacy, and excellent service sphere.
Bololex claimed that the ever-changing landscape of the cryptoverse kept the exchange on their toes, enabling them to come up with innovative ideas. Since its launch, Bololex has built a strong relationship with the client base which in turn brings in recurring customers. The cryptocurrency exchange further extended its reach in the field by partnering with TWJ News, a leading cryptocurrency news portal.
Bololex’s focus on privacy and security also made it a fan favorite amongst cryptocurrency users. This was put on a show recently when the exchange updated its trade verification steps to ensure smooth processing. Customers were first required to join the Bololex channel and receive the verification code through the Bololex Bot. this code had to be used in the verification window to ratify the process, making it difficult for hackers to get into user funds.
The exchange also set the crypto world buzzing with the launch of its native staking program. According to Bololex:
“Bololex staking is an awesome and simple way to increase your savings without completing additional actions on your side, as we will do it for you. Instead of leaving your crypto assets sitting in your wallet, just stake them on our platform, earn rewards and maximize your holdings.”
Bololex users have the option of staking multiple tokens such as BOLO, CREED, C20, TFT, BONUS, and DPC. The staking duration ranges from 30 days to 360 days where the reward percentage also changes. While the reward percentages for BOLO were 5%, 12%, and 30% respectively, the other tokens had their own variance. Staking tokens has picked up in a big way with users trusting exchanges with solid reward systems.
It was also coincidental that TWJ’s own token can also be staked for user’s benefits. TWJ Coin acts as a medium of exchange for writers if they wish to sell their articles on the website. Every new integration has come with its wave of new investors and that has been the case with staking as well. Bololex’s lucrative reward percentages and periods are set by the owners with the final amount being sent directly once the period ends. One of the standout features offered by Bololex was that an individual has the option to opt-out of the staking program as and when they choose.
The updates mentioned above were just the tip of the iceberg in terms of Bololex’s future roadmap. With the company also looking at expanding its gaming pool, users can be assured that the market was attempting to move to bullish pastures.