This week, EOS introduced a new stake reward program, marking one of the major events on Monday. The initiative aims to drive higher participation in staking activities, which have shown positive impacts on many altcoins by increasing token utility and price. EOS detailed its plans, promising significant benefits to those who choose to stake their assets.
Why is EOS Gaining Momentum?
The new stake reward program, launched today, will distribute 85.6 thousand EOS tokens daily to participants. By incentivizing more investors to stake their assets, the program is expected to reduce the supply of EOS available for trading on exchanges. This scarcity could lead to a rise in EOS prices. The announcement highlighted several key points, including the potential for substantial returns for early stakers.
What Are the Program Details?
The renewed EOS staking program promises an impressive annual percentage yield (APY) of over 60% for initial stakers. More than 31 million EOS tokens will be distributed annually. Other significant changes include an increased lock-up period from four days to 21 days and additional fees for EOS Block Producers generated by the network, alongside their block reward revenues. These updates are designed to enhance infrastructure support as network demand grows.
Key Takeaways for Investors
– Initial stakers can achieve an APY of over 60%.
– Daily distribution of 85.6 thousand EOS tokens to stakers.
– Lock-up period extension from four to 21 days.
– Additional incentives for EOS Block Producers through network fees.
The revamped EOS staking program aims to offer sustainable rewards and bolster ecosystem growth. Participants and infrastructure providers stand to benefit significantly from these changes, potentially pushing EOS prices higher as staking reduces the circulating supply on exchanges.