Polyhedra Network has recently announced the launch of its new Staking Program, which is set to commence on June 10, 2024. This innovative concept allows users to stake their Polyhedra Network tokens and put them to work for Staking Power. Rewards will be calculated and distributed every Thursday at 00:00:00 UTC over a four-week period. The program offers participants the opportunity to earn rewards through the staking power, which is determined by the number of tokens staked and the duration of the staking period.
The amount of reward each user receives will be based on their share of the total staking power among all participants. The reward distribution schedule includes 50,000 $ETHFI tokens for the first and second weeks, 40,000 $ID tokens for the third week, and 50,000 $CYBER tokens for the fourth week. These rewards will be distributed on June 13th, June 20th, June 27th, and July 4th respectively, providing participants with an opportunity to earn additional tokens while contributing to the network.
To acquire Staking Power, users must lock up their Polyhedra Network tokens for a specific period. While the Staking Power cannot be traded or transferred like tokens on the blockchain, users have the option to free up their staked tokens at the end of the staking period. This makes staking a safe and profitable option for participants looking to increase their token holdings while actively engaging with the network. The Staking Program is designed to attract participants and create a long-term active audience within the Polyhedra Network community.
The launch of the Polyhedra Network Staking Program signifies a new era for participants looking to maximize their token holdings while supporting the network. With rewards distributed on a weekly basis, users have the opportunity to earn additional tokens based on their staking power and duration. The program aims to incentivize participation and engagement within the network, attracting users who are interested in earning rewards while contributing to the growth and development of the Polyhedra Network.
By staking their Polyhedra Network tokens, users can actively participate in the network while earning rewards in the form of additional tokens. The Staking Program offers participants a unique opportunity to increase their token holdings and contribute to the growth of the network. With rewards distributed on a weekly basis, participants can track their progress and see the benefits of staking their tokens over time. This innovative program is designed to attract users who are interested in earning rewards while actively engaging with the Polyhedra Network community.
Overall, the Polyhedra Network Staking Program offers participants the opportunity to earn rewards through staking their tokens and contributing to the network. With rewards distributed on a weekly basis, users can track their progress and see the benefits of actively participating in the program. By locking up their tokens for a specific period, participants can increase their token holdings and support the growth and development of the Polyhedra Network. This program is designed to attract a long-term active audience within the network, incentivizing users to engage with the platform and earn rewards in the process.
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