Calgary, Canada, July 9, 2024, Chainwire
Today, July 8, the network is launching a 250 million EOS staking rewards program as part of the network's revamped tokenomics plan.
Under the new staking rewards program, 85.6 thousand EOS are distributed daily to participants. The revamped EOS staking program rewards early participants for staking, with an initial APY of over 60% available. Over 31 million EOS tokens are distributed to participants per year.
The EOS staking rewards program has other notable improvements. The lock-up period for EOS staking has increased from four to 21 days. EOS block producers (BPs) will begin receiving network-generated fees on top of their block rewards revenue, further incentivizing infrastructure providers as network demand increases.
The updated EOS staking program is designed to provide sustainable rewards to participants and support the growth of the ecosystem. Participate in the 250 million EOS staking program by visiting stake.eosnetwork.com.
About EOS
EOS is a public blockchain that prioritizes high performance, flexibility, security, and developer freedom. The EOS network focuses on ease of use across the ecosystem, allowing developers to effectively implement and expand their ideas.
Learn more:
ContactDirector of CommunicationsZack GallEOS Network FoundationZack@eosn Foundation
This article was originally published on Chainwire
