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Staking Crypto on Kraken Explained in BitDegree Latest Mission

Key Takeaways

  • BitDegree has announced a new Mission focused on staking on Kraken;
  • The Mission explores Kraken's on-chain and opt-in staking options;
  • Participants who complete the Mission by September 12 will be entered into a Lucky Draw for a chance to win a share of 100 USDC.
Staking Crypto on Kraken Explained in BitDegree Latest Mission

After having explored the main features of Kraken in June, the leading Web3 education hub Bitdegree continues its exploration of the crypto exchange by introducing a new Mission focused on staking.

Staking is the process of either holding or locking up a certain amount of crypto assets in a specially designated crypto wallet. On Kraken, there are two staking options: on-chain and opt-in.

The Mission delves into this feature through a gamified learning experience, while also offering an opportunity to win prizes.

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Participants who complete the Mission by September 12 will be entered into a Lucky Draw for a chance to become one of 20 lucky winners who will share a prize pool of 100 USDC.

Having a higher amount of Bits, which are points that are earned by answering Mission questions correctly and completing tasks, increases a user's odds of winning in the Lucky Draw.

To earn more Bits, one can participate in other BitDegree Missions, such as the recently launched one, which focuses on the features of Coinbase, another globally leading crypto exchange.

With this new initiative, BitDegree continues to offer engaging learning experiences and valuable rewards for exploring big industry names like Kraken.

Gode S. Web3 Market Analyst
Gode is a Web3 Market Analyst who researches the most important industry events and interprets how they affect the wider Web3 space. Her formal education in media culture & digital rhetoric allows her to employ a methodical approach to evaluating critical Web3 news data, including large-scale events and the wider social sentiment within the ecosystem.
Gode is a mutilingual professional, having studied in multiple universities all across Europe. This allows her to have a one-of-a-kind opportunity to analyze Web3 social sentiments spanning different cultures and languages and, in turn, develop a much deeper understanding of how the Web3 space is growing within different communities. With the rest of her team, Gode works to identify crucial crypto news patterns and provide unbiased and data-driven information.
Gode’s passions include working and communicating with people, and when she’s not researching Web3 news, she spends her time traveling and watching true crime documentaries.

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