💙 🔷 Not impressed by Big Tech in Q3? Explore these Blue Chip Bargains insteadUnlock them all

EOS Network Launches 250M EOS Staking Program

Published 07/09/2024, 05:37 AM
Updated 07/09/2024, 06:30 AM
EOS Network Launches 250M EOS Staking Program
USD/EOS
-

Calgary, Canada, July 9th, 2024, Chainwire

Today July 8 EOS Network launches a 250M EOS staking rewards program as part of the network’s revamped tokenomics plan.

Under the new staking rewards schedule, 85.6K EOS is distributed daily to Stakers. The revamped EOS staking program rewards early stakers for participating, with an initial APY of over 60% available. More than 31M EOS tokens are distributed per year to Stakers.

The EOS Staking Rewards Program has other notable enhancements. The lock up period for staking has increased from four to 21 days. EOS Block Producers (BPs) will begin receiving network generated fees on top of their block reward income, further incentivizing infrastructure providers as network demand increases.

The updated EOS staking program is designed to provide sustainable rewards for participants and support ecosystem growth. Participate in the 250M Staking program by visiting stake.eosnetwork.com.

About EOS

EOS is a public blockchain that prioritises high performance, flexibility, security, and developer freedom. The EOS Network focuses on usability across the ecosystem, enabling developers to implement and expand their ideas effectively.

Learn more: https://eosnetwork.com/

ContactChief Communications OfficerZack GallEOS Network Foundationzack@eosn.foundation

This article was originally published on Chainwire

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.