Bitget Pioneers Staking for Bittensor's $TAO Token, Enabling Users to Earn Rewards Directly on Its Platform

VICTORIA, Seychelles, Jan. 16, 2025 (GLOBE NEWSWIRE) -- Bitget, the leading cryptocurrency exchange and Web3 company, is set to become the first major

Cryptocurrency exchange Bitget has announced the launch of $TAO staking on its platform, making it the first major centralized exchange (CEX) to offer the service. The feature enables users to earn rewards by allocating crypto via staking to validate blockchain transactions.

$TAO is the native token of Bittensor, a decentralized AI computing network that simplifies traditional staking processes by enabling users to stake their Proof-of-Stake (PoS) assets directly on blockchain networks. It eliminates the need for specialized hardware or intricate setups, making it an accessible option for both novice and experienced investors.

Users can now stake their assets and receive rewards in the same tokens, helping them build low-risk wealth growth. $TAO staking enables token holders to participate in network validation to safeguard the Bittensor network and get incentives.

Since staked assets are immediately locked into PoS networks, Bitget’s $TAO staking feature allows token holders to profit without managing their own validator node for token holders. The integration offers multiple benefits, including real-time earnings visibility, stable returns, and enhanced security.

By locking assets during the staking period, Bitget minimizes risks such as loss or theft of private keys, presenting one of the safest methods for asset growth. With AI expecting to continue gaining mainstream traction, $TAO staking offers an opportunity for stakers to yield an impressive 15% APR, exceeding yield rewards from other on-chain node staking options.

$TAO staking opens the door for users to engage in both crypto and AI sectors, signaling Bitget’s growing commitment to providing users with tools and opportunities in shaping the decentralized finance (DeFi) ecosystem.

Bitget's staking feature offers a range of benefits, making it an ideal choice for those seeking conservative yet effective wealth growth. Investors can achieve stable returns over time with reinvestment options that enhance asset growth without added risk.

The platform simplifies staking and redemption, catering to all types of users. With no fees charged and returns aligned with the underlying blockchain's performance, Bitget provides a reliable, market-aligned solution for growing crypto holdings.

Bitget users can now access $TAO staking through their accounts. To start staking and earning rewards, visit here.

About Bitget

Established in 2018, Bitget is the world’s leading cryptocurrency exchange and Web3 company. Serving over 45 million users in 150+ countries and regions, the Bitget exchange is helping users trade smarter with its pioneering copy trading feature and other trading solutions, while offering real-time access to Bitcoin price, Ethereum price, and other cryptocurrency prices.

Formerly known as BitKeep, Bitget Wallet is a world-class multi-chain crypto wallet that offers an array of comprehensive Web3 solutions and features, including wallet functionality, token swap, NFT Marketplace, DApp browser, and more.

Bitget is at the forefront of driving crypto adoption through strategic partnerships, such as its role as the Official Crypto Partner of the World’s Top Football League, LALIGA, in EASTERN, SEA and LATAM markets, as well as a global partner of Turkish National athletes Buse Tosun Çavuşoğlu (Wrestling world champion), Samet Gümüş (Boxing gold medalist) and İlkin Aydın (Volleyball national team), to inspire the global community to embrace the future of cryptocurrency.

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