EOS Network introduces innovative staking rewards initiative
EOS Network, a decentralized blockchain platform, has recently unveiled a groundbreaking staking rewards program worth 250 million EOS. This exciting development, shared with Finbold on July 8, marks a significant shift in the platform’s tokenomics strategy. The initiative aims to encourage early participation by offering an impressive initial annual percentage yield (APY) of over 60% and promises to distribute 85,600 EOS tokens to stakers on a daily basis.
By actively participating in this program, users can expect to receive over 31 million EOS tokens as rewards over the course of a year. This demonstrates the network’s strong commitment to fostering its community and encouraging its growth.
The updated staking program introduces several key changes to enhance the staking experience. One notable change is the extension of the lock-up period from four days to an extended period of 21 days. This modification aims to provide users with a more immersive and rewarding staking experience.
Furthermore, EOS Block Producers (BPs), who play a crucial role in maintaining the network, will now receive network-generated fees in addition to their block reward income. This additional incentive is designed to motivate infrastructure providers as network activity continues to grow.
Overall, the revamped EOS staking program represents a significant advancement for the network as it strives to offer sustainable rewards and incentivize further growth. Traders interested in joining this program can visit the EOS Network website for more information and to get started.
