TEZOS: BAKING OR 7 FACTS
Oh Lord, thatโs not a cookery class! Anyway sometimes baking is a regular process in crypto! Letโs check 7 interesting facts about
#Tezos.
1. $XTZ holders can vote and change rules if they stake. Though they call it โbakingโ! To become a baker, a holder needs 8,000 XTZ or so called a โrollโ.
2. To pay operating fees, Tezos accepted a $1.5m investment from Tim Draper, who is a venture capitalist and now owns a 10% stake in Dynamic Ledger Solutions.
3. Tezos
#ICO in July 2017 raised
#cryptocurrency worth $232 million, becoming one of the highest of all time.
4. Tezos Foundation is based in Zug, Switzerland, often referred to as
#Crypto Valley, a play on Californiaโs Silicon Valley.
5. Tezos has 22% more transactions per day than
#Cardano ($ADA) but a market cap over 90% lower.
6. $USDtz will become the first stablecoin to enable private stablecoin transactions on XTZ
7. Now we have
our own baker and you can easily bake $XTZ directly in your wallet with ~6% APY.