Blockchain
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Tenet, a Tier 1 liquid staking blockchain built on the Cosmos network, will team up with Conflux and Qtum, two blockchains with a large presence in China, to deepen the roots of the liquid staking industry in that country’s markets. The partnership aims to integrate Tenet into the Asian blockchain community, which is “often isolated from Western crypto projects,” the announcement said.
Conflux and Qtum users will stake at least $1 million worth of their native tokens to secure each blockchain and receive liquid derivatives (LSD) issued by Web3 infrastructure firm Ankr. Conflux and Qtum stakers will then transfer their LSDs to the Tenet network and re-stake them to gain access to increased returns and utility.
The price of TENET, the native token for the Tenet ecosystem, is trading at $0.1707 at the time of writing, according to CoinMarketCap. Conflux’s CFX token is down 0.65% to $0.3076 in the last 24 hours, while QTUM token has lost 3.98% over the same period to trade at $2.61.
Image: Finance Brokerage
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