Polyhedra Network is thrilled to unveil its innovative Staking Program, set to kick off on June 10, 2024. This groundbreaking feature allows users to stake their Polyhedra Network tokens and harness their Staking Power to earn rewards. Payouts will be calculated and distributed every Thursday at 00:00:00 UTC over a span of four weeks.
Excited to announce the launch of the Polyhedra Network Staking Program on June 10th, 2024!
For more details on the program:
https://t.co/N8FfUCwqTI
Join our community AMA on Discord to learn more about staking at 14:00 UTC on June 8th. Ask any questions you have about staking and…
pic.twitter.com/5Y6yUcPepM
— Polyhedra Network (@PolyhedraZK)
June 8, 2024
Staking Power brings forth substantial rewards with Polyhedra Network. Participants can earn rewards based on the tokens staked and the staking duration. The reward allocation is dependent on the user’s share of the total staking power within the network.
The reward distribution schedule includes 50,000 $ETHFI tokens for the first and second week, 40,000 $ID tokens for the third week, and 50,000 $CYBER tokens for the fourth week. These rewards are scheduled to be distributed on 13th June, 20th June, 27th June, and 4th July respectively.
Polyhedra Network’s Staking Program is crafted to attract participants by requiring users to lock up their Polyhedra Network tokens to acquire Staking Power. The amount of Staking Power a user possesses is determined by the number of tokens staked and the staking period. Staking Power cannot be traded or transferred, gradually decreasing to zero at the end of the staking period. Users have the option to unstake their tokens, ensuring a safe and profitable staking experience.
This program not only allows users to earn more tokens but also encourages active participation in the network. Polyhedra Network’s Staking Program aims to engage participants for the long term, fostering a vibrant and interested community within the network.