Key Takeaway:
EOS Network introduces a 250 million EOS staking rewards program with enhanced tokenomics and extended lock-up periods to incentivize early stakers.
New EOS Staking Rewards Program
The EOS Network has launched a 250 million EOS staking rewards program to encourage early stakers, offering over $127 million worth of EOS tokens as part of its updated tokenomics strategy. Stakers can earn around 85,600 EOS tokens daily with an initial APY of over 60%, receiving REX tokens in exchange for staked EOS. The lock-up period for staking has also increased from four to 21 days, with EOS Block Producers set to receive network-generated fees along with their block rewards.
EOS Network Tokenomics Update
The EOS Network’s updated staking program aims to provide sustainable rewards and support ecosystem growth, as outlined by the network team. In May, the EOS Network Foundation approved a proposal to cap EOS supply at 2.1 billion tokens and burn excess tokens, effectively reducing the total supply by nearly 80% through future emissions. Despite its record-breaking ICO in 2017, conflicts between the foundation and Block.one have surfaced, with allegations of unfulfilled reinvestment promises.
