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EOS Network Launches 250 Million EOS Staking Initiative
https://ift.tt/mUW35QZ
The EOS Network devised a plan to start a 250 Million EOS staking rewards program.
It is achievable with EOS’s new tokenomics plan, offering sustainable rewards. Read on to get a clearer picture of this initiative from the EOS Network.
Key Features of the New Staking Program
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Daily Rewards and High Initial APY
In the new staking rewards schedule, Stakers will receive 85,000 EOS tokens daily. This blockchain will distribute over 31 million EOS tokens every year. So, with the new staking schedule, Stakers get daily rewards and an increased APY.
Early stakes can benefit an initial annual percentage yield (APY) of over 60%. This initiative makes staking EOS tokens an attractive opportunity for early stakers. So, stake early and enjoy the benefits of being early.
Source: X
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Increased Lock-Up Period
The new staking program increases the lock-up period for the staked tokens. First, the lock-up period was four days, but due to the reform of the staking program, the lock-up period is now 21 days. So, you get 21 days as the lock-up period for your staked tokens instead of the previous four-day period.
The change in the lock-up period will promote a stable and committed staking system. It will ensure that stakers invest in the growth of the EOS network. Remember, staking improves the development and security of any network.
Enhanced Rewards for Block Producers
The revamp of the staking program also increased EOS Block Producers (BPs) incentives. The Block Producers are responsible for ensuring the smooth running of the blockchain. Increased rewards for BPS will further improve the network efficiency. So, how can you enjoy this 250 million EOS staking program?
Source: X
The 250 million EOS staking program is still open for stakers. You can get in through the EOS Network staking webpage. When you stake your EOS tokens, you get paid and support the EOS network’s improvement.
The new EOS staking program is only the beginning of more development for the EOS network. High rewards and a 21-day lock period are also relevant and attract users who want long-term gains. It will suit those who hold, not those chasing the pump-and-dump schemes.
Conclusion
The EOS team believes that more incentives for block producers will optimize network performance. It will make the EOS network more effective as a blockchain. For stakers and prospective EOS stakers, this program is a lucrative opportunity. You get to earn revenues while enhancing the infrastructure of the blockchain network.
Disclaimer
The information discussed by Altcoin Buzz is not financial advice. This is for educational, entertainment, and informational purposes only. Any information or strategies are thoughts and opinions relevant to the accepted levels of risk tolerance of the writer/reviewers and their risk tolerance may be different than yours. We are not responsible for any losses that you may incur as a result of any investments directly or indirectly related to the information provided. Bitcoin and other cryptocurrencies are high-risk investments so please do your due diligence. Copyright Altcoin Buzz Pte Ltd.
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July 9, 2024 at 07:59AM
July 9, 2024 at 08:00AM
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