Rewards and Staking System on REKU Exchange

Hello Steem Alliance friends, may God always bless us all!

I want to discuss what I got in this article after attending a meetup event held by one of the Indonesian cryptocurrency exchanges. Considering that this event took place several months ago, I would like to summarize the findings presented by the presenters on this occasion.

_{Personal documentation at the Reku meet up event}

According to their team's presentation, REKU previously known as the Rekeningku brand, was founded in 2018. The company is registered as PT Rekeningku Dotcom Indonesia and is domiciled in Jakarta. This platform features a website and mobile application which can be downloaded from Google Playstore and App Store.

As the source said, I looked for original and factual information on kontan.co.id about their data, and it turns out that this exchange did indeed change its name to Reku in October 2022. Following the assistance of a series A investment fund of 11 million dollars or 163 billion Rupiah from AC Ventures, Coinbase Ventures, and Skystar Capital, this rebranding was implemented.

_{Personal documentation at the Reku meet up event}

Reku holds a certificate from CBQA Global Indonesia for the Information Security Management System, especially for the Cryptocurrency Marketplace. As a member of the Indonesian Blockchain Association and the Indonesian Crypto Asset Traders Association, this exchange also belongs to these organizations.

The speaker said a few months ago that the staking function, which is available exclusively on certain crypto markets in Indonesia, is the method that sets them apart from other providers. According to a press statement on their website, they have officially become the first platform to receive official authorization from the Futures and Commodity Trading Regulatory Agency (BAPPEBTI) to carry out staking.

Users can be guaranteed that their crypto assets are legally staking on the blockchain thanks to their legality. To ensure that investors in Reku do not run the risk of misusing money, regulators can also closely assess, audit and monitor the Reku system.

_{screenshot from Reku Exchange (creative commons license)}

I discovered when I opened the staking page on REKU that there are at least six different currencies, including Cardano (ADA), Ethereum (ETH), Polygon (MATIC), Solana (SOL), Polkadot (DOT), and Tezos (XTZ). ), all of which can be wagered with payouts of up to 12.5% per annum. Here are the prizes for each APY:

• ADA - Cardano : 2.1% APY

• ETH - Ethereum : 2.5% APY

• SOL - Solana : 4.5% APY

• MATIC - Polygon : 3% APY

• DOT - Polka dot : 12.5% APY

• XTZ - Tezo: 3% APY

_{screenshot from Reku Exchange (creative commons license)}

When the coin price goes up, cryptocurrency staking investments generate money as well as incentives. Users can benefit from the possibility of staking their investment as they can earn rewards for taking part in blockchain development.

Rewards for staking are distributed in the form of blockchain network currency earned through block rewards and/or network profits. Accounts allow for quite flexible staking as there is no minimum amount required and you can stake and unstake at any time.

Partners routinely submit information to BAPPEBTI every day to maintain credibility. Reku also offers transparency, allowing users to view their transactions on the blockchain using their Reku wallet address (which can be independently verified by other users), a unique feature and system to support the progress of crypto investment in Indonesia.

Importan Link :

• https://reku.id/
• https://reku.id/staking
• https://reku.id/information/category/reku-update
• https://reku.id/information/reku-dapat-persetujuan-staking-dari-bappebti

---

Thank you for reading and responding to my post, have a nice day ♥️☺️

---

Check it out and subscribe to us on YouTube! This will be a potential account for steemit promotion via YouTube, help and support us to grow!