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