Block

Daily

<p style="text-align: justify">You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/eos-announces-new-stake-reward-program/" data-wpel-link="internal">EOS Announces New Stake Reward Program</a><br></p>
<p style="text-align: justify">We shared this week’s important developments a few days ago, as we do every week. This was one of the key events for Monday. Staking plans yield significant results in many altcoins and directly impact prices by increasing <a href="https://en.coin-turk.com/meme-coins-experience-significant-decline/" data-wpel-link="internal">token</a> utility. EOS took the expected step and shared the details.</p> 
<h2 style="text-align: justify" id="why-is-eos-rising">Why is EOS Rising?</h2> 
<p style="text-align: justify">As of today, the new stake reward program has been announced. Under the new stake rewards program, 85.6 thousand EOS will be distributed daily to Stakers. This means more <a href="https://finance.coin-turk.com/" data-wpel-link="exclude">investors</a> will allocate their assets for staking, reducing the supply on exchanges. Lower supply ready for sale on exchanges can push the price up. The announcement stated the following:</p> 
<p style="text-align: justify"><img loading="lazy" loading="lazy" decoding="async" class=" wp-image-368838 aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/07/eos-staking.png" alt="" width="1201" height="648"></p> 
<blockquote> 
 <p style="text-align: justify">“The renewed EOS stake program rewards early stakers with an initial APY of over 60%. More than 31 million EOS tokens will be distributed annually to Stakers. The EOS Staking Reward Program also includes other significant improvements. The staking lock-up period has been increased from four days to 21 days. EOS Block Producers (BPs) will start receiving fees generated by the network in addition to block reward revenues, further incentivizing infrastructure providers as network demand increases.</p> 
 <p style="text-align: justify">The updated EOS staking program is designed to provide sustainable rewards for participants and support the growth of the <a href="https://newslinker.co" target="_blank" rel="noopener" data-wpel-link="exclude">ecosystem</a>.”</p> 
</blockquote> 
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on COINTURK NEWS: </span> <a href="https://en.coin-turk.com/eos-announces-new-stake-reward-program/" data-wpel-link="internal">EOS Announces New Stake Reward Program</a></h5>

EOS Announces New Stake Reward Program

Table of Contents

COINTURK NEWS

دیگر آرٹیکلز 8 جولائی، 2024 پر پبلش کیے گئے ہیں

Famous Football Star Lionel Messi's Post Made This Altcoin Soar!

Binance, Toncoin shed gains: A rough start to the week for top cryptos

Dubai Customs Launches Innovative Blockchain Platform to Transform Trade Operations

Convergence of Artificial Intelligence and Cryptocurrency: Opportunities and Challenges

Cybercrime Twist: Notorious Pink Drainers Fall Victim to Scam, Lose $30,000 in Ethereum

Bitcoin, Crypto Struggles As Fear & Greed Index Falls To FTX Crash Levels

Join our free newsletter for daily crypto updates!