Bitgert Backed Sphynx Labs Plans To Launch Bridge Staking Program

Sphynx is a decentralized exchange that enables Bitgert users to do a lot of things.

Sphynx is among the projects backed by the Bitgert chain. The two projects formed a partnership where the Sphynx Labs provided the Bitgert chain with a decentralized exchange where all projects built on the Startup Studio are listed. Sphynx is a decentralized exchange that enables Bitgert users to do a lot of things, and one of them is staking. The Sphynx team recently announced that it is planning to bridge staking program, which will enable projects on this DEX to have a portion of the tokens distributed to the Sphynx community in terms of staking. Read more below:  

Bitgert

The partnership between Bitgert and Sphynx is getting better every day, and the coming of the bridge staking program is making users’ experience even better. The staking program is going to enable crypto investors on the Sphynx network to stake tokens from the projects on this ecosystem. This is good news for the Bitgert project because the BRISE tokens will be available for the larger Sphynx community. Those who will buy the Bitgert tokens and stake will be able to make good returns from their investment just like other Bitgert token holders on the main network. This is also good for the Bitgert project chain growth. The impact on the Sphynx Lab bridge staking program is that it will help increase the adoption of the Bitgert coin. With the bridge staking program, there will be a large crypto community that the Bitgert coin will be exposed to. Therefore, this is good news for the Bitgert community because it will boost the rapid adoption of the Bitgert chain. In return, the Brise price will immediately start rising.  

Sphynx

Sphynx is a decentralization exchange that offers users an all-in-one platform where they can trade, farm, and even stake. The Sphynx Labs team announcing the launch of the bridge staking program is good news for crypto investors because it opens up a new income stream. It also gives projects on the Sphynx Labs a wider market by enabling the Sphynx token holders to buy and stake tokens from projects on this network, like Bitgert. Apart from providing SPHYNX holders with an additional income stream, the bridge staking program will also be critical in the growth of the projects on its network. The bridge staking program is also going to grow the credibility of the Sphynx project as well as that of the Bitgert chain. Therefore, it is a very impactful move for both projects, considering that Bitgert had recently granted Sphynx Labs $2 million for development.