EOS Network has launched a groundbreaking staking rewards initiative, worth a staggering 250 million EOS, as part of its revamped tokenomics strategy. Under the updated rewards plan, Stakers stand to gain a daily distribution of 85.6K EOS. Early participants in the program can potentially earn an impressive initial annual percentage yield (APY) of over 60%. Furthermore, the scheme annually distributes more than 31 million EOS tokens to stakers.
The EOS Staking Rewards Program has seen some notable enhancements. The lock-up period for staking has been extended from four to 21 days, offering participants a longer-term commitment. Additionally, EOS Block Producers (BPs) will now start receiving network generated fees in addition to their block reward revenue. This added incentive will further bolster the infrastructure providers as network demand continues to surge.
The primary objective of the revamped EOS staking program is to foster the growth of the ecosystem while simultaneously offering participants lucrative long-term rewards. For those interested in taking part in the 250M Staking program, visit stake.eosnetwork.com.
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