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.
As per 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.
Unveiling 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.
EOS Network Launches 250M EOS Staking Program
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 website.
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: Website
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