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EOS Network Foundation, the major developer of the EOS blockchain, announced the launch of its staking rewards program aiming to disburse over 250 million $EOS tokens to stakers.
TL;DR EOS Network launches a 250 million tokens program with an initial APY of over 60%, distributing 85,600 tokens daily among participants. The lock-up period is extended from 4 to 21 days, providing greater stability and security to the ecosystem.
The EOS Network has unveiled a 250 million EOS staking rewards program to incentivize early stakers under enhanced tokenomics and extended lock-up periods.
EOS Network has unveiled a new staking program to reinforce its network development plan for revamping EOS tokenomics. Participants who stake in the program will receive 85.6k EOS daily.
The revamped EOS staking program rewards early stakers for participating, with an initial APY of over 60% available.
Under the new staking rewards schedule, about 85K EOS will be distributed to stakers daily.
EOS Network, an open-source blockchain, announced a new 250 million EOS staking rewards program, as per the latest updates shared with Finbold on July 8.
The EOS Network Foundation has announced a new 250 million EOS staking program aimed at enhancing network participation and incentivizing ecosystem growth.
It was a sea of red in the crypto industry on Friday after Bitcoin price dropped below the crucial support of $55,000.
The EOS Network Foundation (ENF) introduces transformative changes to EOS staking rewards under the leadership of Yves La Rose.
Stablecoin issuer Tether has said it will stop minting the U.S. dollar-pegged USDT token on the Algorand and EOS blockchains. Effective immediately, Tether will no longer issue new USDT tokens on Algorand and EOS.
The company behind the largest USD-pegged stablecoin in terms of market cap has announced a shift in strategy towards community-driven blockchains.
Tether, the company that manages the issuance of USDT, the largest stablecoin of the crypto market, has announced a shift in its focus on providing support to blockchains based on community interest. The company announced it would stop minting USDT tokens in two blockchains, Eos and Algorand, starting June 24.
Tether is stopping USDT minting on Algorand and EOS due to low usage, while continuing redemptions for 12 months and focusing on more popular blockchains.
Tether, one of the main issuers of stablecoin in the world of cryptocurrencies, recently announced the end of minting USDT on the EOS and Algorand platforms. While the news has generated discussions among users and investors, the long-term implications could lead to a more focused and efficient cryptocurrency market.
Tether announced its decision to immediately discontinue support for the EOS and Algorand blockchain implementations of USDT on June 24.
The crypto firm behind the largest USD-pegged stablecoin by market cap says it is shifting focus to community-driven blockchains. According to a new press release from Tether, the firm behind USDT, the company always takes “community interest” into consideration when evaluating a blockchain.
Tether disclosed that redemption of existing USDT tokens would end after the next 12 months.
Tether has announced plans to discontinue USDT support on Algorand and EOS blockchains. The stablecoin issuer disclosed that minting will stop immediately, but the stablecoin will remain redeemable on the network for the next 12 months.
Tether halts USDT minting on EOS and Algorand to prioritize support for community-driven blockchains.
Tether, the issuer of the world's largest stablecoin, has announced it will stop minting its dollar-linked USDT token on the Algorand and EOS blockchains. This decision is part of a strategic shift to focus on community-driven blockchain support, aiming to balance maintainability, usage, and community interest.
Algorand and EOS will get no more USDT as Tether quits minting on those chains, with redemption support only promised for the next year.
Tether plans to sunset USDT minting on two major blockchain ecosystems over a year-long transitionary period.
The circulating supply of the dollar-linked stablecoin on the two blockchains represents roughly 0.1% of the total USDT supply.
