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.

EOS Network has announced the launch of a 250 Million EOS Staking Rewards Program, designed to provide sustainable rewards to stakers as part of EOS's new tokenomics plan. Here's a closer look at the key features of this initiative.

Daily Rewards and High Initial APY

In the new staking rewards schedule, stakers will receive 85,000 EOS tokens daily. Over the course of a year, the blockchain will distribute over 31 million EOS tokens. With the new staking schedule, stakers can expect daily rewards and an increased APY.

Early stakers stand to benefit from an initial annual percentage yield (APY) of over 60%. This program makes staking EOS tokens an attractive opportunity for early stakers, offering them substantial rewards for their participation.

Increased Lock-Up Period

The new staking program also increases the lock-up period for the staked tokens. Previously, the lock-up period was four days, but due to the reform of the staking program, the lock-up period has been increased to 21 days. As a result, stakers will now have 21 days as the lock-up period for their staked tokens, instead of the previous four-day period.

This change in the lock-up period is designed to promote a more stable and committed staking system, ensuring that stakers are invested in the long-term growth of the EOS network. As we know, staking contributes to the development and security of any network.

Enhanced Rewards for Block Producers

The revamp of the staking program also includes an increase in the incentives for EOS Block Producers (BPs). These Block Producers play a crucial role in maintaining the smooth operation of the blockchain, and the increased rewards are expected to further enhance the network efficiency.

How to Participate in the 250 Million EOS Staking Program?

The 250 million EOS staking program is now open for participation by stakers, who can access it through the EOS Network staking webpage. By staking their EOS tokens, stakers can earn rewards and contribute to the improvement of the EOS network.

The new EOS staking program marks the beginning of further developments for the EOS network, which is known for its high rewards and a 21-day lock period, catering to users who prioritize long-term gains over pump-and-dump schemes. It is also worth noting that the program is not a get-rich-quick scheme and is more suited to those who value holding, rather than those who are chasing pump-and-dump schemes.

This concludes our coverage of the 250 million EOS staking program, which is expected to optimize network performance and offer lucrative opportunities for stakers and prospective EOS stakers. Stay tuned for more updates from the crypto world!

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