EOS Network Launches 250M EOS Staking Program
- WBOYOriginal
- 2024-07-16 04:17:57767browse
In a significant move on July 8, the EOS Network rolled out a substantial 250M EOS staking initiative as part of its reimagined tokenomics strategy.
EOS Network Launches 250M EOS Staking Program
As part of its revamped tokenomics strategy, the EOS Network rolled out a substantial 250M EOS staking initiative on July 8.
According to the freshly updated staking rewards framework, a total of 85.6K EOS will be allocated daily to Stakers. Early adopters are set to benefit significantly from the revamped EOS staking program, with an impressive initial APY exceeding 60%. Over 31M EOS tokens will be distributed to Stakers annually.
Among the key improvements in the EOS Staking Rewards Initiative is extending the lock-up period from four to 21 days. EOS Block Producers (BPs) are also poised to receive network-generated fees in addition to their regular block rewards, thereby offering extra motivation for infrastructure providers to cater to the escalating network demand.
The enhanced EOS staking program is meticulously crafted to ensure sustainable rewards for participants while fostering the ecosystem’s overall growth. To participate in the 250M Staking initiative, interested individuals can explore stake.eosnetwork.com.
About EOS
EOS is a prominent public blockchain renowned for its emphasis on top-notch performance, flexibility, security, and empowering developers. With a keen focus on enhancing usability across the ecosystem, the EOS Network empowers developers to implement and expand their diverse range of innovative concepts efficiently.
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