Tezos (XTZ) Explained

Tezos (XTZ) Explained

What is Tezos (XTZ)?

Tezos is a “self-amending” Proof-of-Stake blockchain designed to compete with Ethereum but emphasizes continuity. The idea behind Tezos’ creation is to minimize the probability of hard forks that can damage a network. Holders of XTZ can vote on development proposals by “baking” –staking–their coins and locking them for a period to earn XTZ. Tezos has grown over time and has an active DeFi and NFT ecosystem, striking a valuable partnership with Ubisoft in 2021.

Why Trade XTZ?

Tezos is in the top-50 and a liquid cryptocurrency held by thousands across the globe. With a developing DeFi and NFTs ecosystem attracting high-profile partners, XTZ has become a sought-after coin. XTZ is available for trading in AltumBrokers, paired with the USDT, BTC, and other liquid currencies. Traders can initiate long and short positions through the easy-to-use MT5 trading platform with over 60 trading tools and indicators. All new AltumBrokers traders who sign up to trade XTZ will receive a 100 percent deposit bonus and low fees.

Have questions?

Check out our Leverage Margin Calculator for easy calculations.

Reach out to our 24/7 Support team and we’ll be happy to help!