This article discusses the recent announcement by EOS regarding its new stake reward program. Staking plans have been proven to have a significant impact on various altcoins, influencing their prices by enhancing token utility. EOS has taken a strategic move by unveiling the details of its new stake reward program.
Reasons Behind EOS's Ascendancy
The recently introduced stake reward program has revealed that 85.6 thousand EOS tokens will be distributed daily to Stakers. This initiative is expected to attract more investors to allocate their assets for staking, thereby reducing the supply available on exchanges. With a decreased supply of tokens for sale on exchanges, the price of EOS could potentially surge. The official announcement emphasized the following points:
The updated EOS stake program offers early stakers an initial Annual Percentage Yield (APY) exceeding 60%. Over 31 million EOS tokens will be distributed annually to Stakers. Moreover, the program includes several noteworthy enhancements. The lock-up period for staking has been extended from four days to 21 days. EOS Block Producers (BPs) will now receive network-generated fees in addition to block rewards, incentivizing infrastructure providers as network demand grows.
The revamped EOS staking program aims to provide sustainable rewards for participants while fostering the ecosystem's expansion.
This article was originally published on COINTURK NEWS: EOS Announces New Stake Reward Program
