Arowana launches staking service to boost token security

SEOUL, Korea, March 04, 2022 (GLOBE NEWSWIRE) — Arowana, a decentralized intermediary platform that connects creators and buyers and the NFT marketplace where only creators who have passed verification can sell, has launched a new staking service.

On March 2, Arowana (ARW) announced plans to launch the Staking Service, which will allow liquidity providers to stake LP tokens representing their assets while still earning a share of trading fees.

Arowana’s staking service has no risk of hacking by using decentralized blockchain technology. The strength of decentralization in the staking service provides excellent security and safety in the staking pool as individual objects are traded outside of centralized control.

Arowana’s staking service has built a decentralized system so that users of the service can deposit their assets without fear of being hacked. In addition to its secure staking system, the service has received the highest rating from SlowMist, a global blockchain security audit company, which improves the reliability of the service.

The Arowana token staking service can be staked by selecting pools by staking period. Arowana also offers a higher interest rate as the deposit period is increased for long-term holders and various staking options will be offered for users to choose and deposit according to their investment propensity.

“We plan to burn all Arowana tokens, which flow into the pool as a staking service fee every quarter, to increase the value of Arowana tokens and enable on-chain transactions. Through this staking service, we will secure more medium to long-term mandate holders and we look forward to stabilizing the value of the token.” Arowana officials said. He also asked users to support and interest in the project, adding, “We anticipate also to launch an NFT guarantee loan service in the future to establish a virtuous cycle structure of the project”.

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