StakeHound has launched its first stakedToken bringing Zcoin to DeFi space

We are proud to confirm the successful launch and issuance of staked Zcoin. Starting October 30, first participants of StakeHound have received their stakedXZC proportionally to amounts of XZC sent to StakeHound ecosystem straight after the initial launch of stakedToken.

During the first 5 days of launch, the total supply of delivered stakedXZC has exceeded 252 207 coins with market capitalization over $725K USD while being openly traded on industry’s leading decentralized exchange Uniswap, backed up with liquidity providers and with fully transparent trading activity. The total market share of stakedXZC tokens has reached 2.36% of the total Zcoin supply.

The market and liquidity behind the staked token is being transparently monitored on Etherscan. Besides that, the staked Zcoin token has been listed on Coinmarketcap, Coingecko, CMC and other leaders in crypto asset global monitoring.

Current staking rewards rate for Zcoin is 8.61%, making it one of the most valued staked crypto assets on the market.

Meanwhile all early participants were not just getting 1:1 staked Zcoins, but they will also receive additional HOUND tokens — genuine liquidity tokens behind the ecosystem. The initial staked token release is taking place in terms of the limited special event, which is called the HUNT. The HUNT offers bonus rewards in HOUND tokens. Due to high demand the Hunt event, initially limited to one week, has been prolonged until the 6th of November.

Anyone willing to take a part in StakeHound’s launch has less than 3 days to participate in the HUNT and receive extra HOUND tokens in addition to stakedXZC once launched.

The distribution of HOUND tokens is strictly limited to a total supply of 500.000 HOUND tokens.The distribution of HOUND tokens is planned in Q1 2021.

Anyone can join the HUNT before 6th of November in order to enjoy extra benefits in HOUND tokens. To participate, you just need to complete the onboarding process here and send your XZC to the platform.

Besides that everyone can freely buy and sell stakedXZC on Uniswap

StakeHound team is always open for any type of collaboration, and we will be happy to learn more about your offers and proposals. Don’t hesitate to reach out to our team by completing this form.

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Bringing Staking and DeFi together