SBI VC Trade Launches Application Period for Shiba Inu Token Holders to Participate in Staking Service

SBI VC Trade, the cryptocurrency arm of SBI Japan, has announced a new opportunity for Shiba Inu token holders to participate in its staking service, offering a passive income stream to users who lend out their SHIB tokens. The application period for lending out Shiba Inu assets opened on July 18 and will close on August 1, with the lending period running from August 1 to August 29.

Participants in the lending service will receive an annual rate of return of 1.3% on their deposited SHIB tokens, providing an opportunity for investors to generate passive income while holding onto their crypto assets. This service is part of SBI VC Trade’s ongoing efforts to provide opportunities for users to monetize their digital assets and earn rental fees during the designated period.

In addition to Shiba Inu, SBI VC Trade is also offering lending opportunities for 23 other crypto assets, including XRP, Chainlink, Litecoin, Bitcoin, and Bitcoin Cash. The application window for lending BTC and BCH closes on July 25, with BCH offering the highest annual rate of return at 5%. For XRP, LTC, LINK, and SHIB, the registration period will close in 13 days, with SHIB offering the highest annual return rate of 1.3%.

Participants in the lending service have no additional obligations or responsibilities besides depositing their crypto assets during the lending period. It is important to note that this content is informational and should not be considered financial advice, and readers are encouraged to do thorough research before making any investment decisions.