Polyhedra Network is excited to unveil its latest innovation, the Staking Program, set to kick off on June 10, 2024. This groundbreaking feature allows users to stake their Polyhedra Network tokens, harnessing their power for staking. Rewards will be tallied and distributed every Thursday at 00:00:00 UTC across a four-week timeframe.
Join us in celebrating the launch of the Polyhedra Network Staking Program on June 10th, 2024!
For more information on the program, visit:
https://t.co/N8FfUCwqTI
Participate in our community AMA session on staking via Discord at 14:00 UTC, on June 8th. Feel free to ask any questions about staking and earn…
pic.twitter.com/5Y6yUcPepM
— Polyhedra Network (@PolyhedraZK)
June 8, 2024
The Staking Power feature promises generous rewards for users who engage in staking. Rewards are determined by the number of Polyhedra Network tokens staked and the duration of staking. Each user’s share of the total staking power among participants will dictate their individual reward.
The reward distribution plan 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 dispersed on 13th June, 20th June, 27th June, and 4th July respectively.
Polyhedra Network’s Staking Program is structured to entice participants by requiring them 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. Unlike blockchain tokens, Staking Power cannot be traded or transferred, gradually decreasing to zero by the end of the staking period. Users can then retrieve their staked tokens, ensuring a safe and profitable staking experience.
This program not only allows users to earn additional tokens but also encourages active participation in the network, fostering a long-term and engaged community within the Polyhedra Network.
