Starting today, July 8, 2024, all stakers of EOS coin will be able to receive rewards for their contribution.
The EOS Network Foundation has announced the launch of a 250 million EOS staking rewards program as part of the network’s revamped tokenomics plan.
The initiative will go live today, July 8, 2024, and will see 85,600 EOS tokens being distributed daily to stakers.
As part of the new staking rewards schedule, early stakers will be rewarded with an initial APY of over 60%.
In total, 31 million EOS tokens will be distributed per year to stakers.
The foundation has also announced a number of other updates to the EOS staking mechanism.
The lock up period for staking has increased from four to 21 days, and EOS Block Producers (BPs) will now begin receiving network-generated fees on top of their block reward income.
This will further incentivize infrastructure providers as network demand increases.
The EOS Staking Rewards Program will also see a portion of the network’s daily inflation being allocated to stakers.
The exact percentage of inflation that will be distributed will be determined by the network’s activity level and will be adjusted over time.
As part of the network’s broader tokenomics revamp, EOS is also changing the structure of its RAM market, a core platform responsible for the exchange of resources between various network participants and an additional method of monetization for EOS network actors.
The above is the detailed content of EOS Staking Rewards Program Goes Live Today, July 8, 2024. For more information, please follow other related articles on the PHP Chinese website!
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