Polyhedra Network is excited to introduce its innovative Staking Program, set to kick off on June 10, 2024. This groundbreaking feature 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.
Join our community AMA on Discord at 14:00 UTC on June 8th to learn more about staking and get your questions answered!
The Staking Program offers users the opportunity to earn rewards through Staking Power, which is determined by the amount of Polyhedra Network tokens staked and the staking period. Each user’s share of the total staking power among all participants will determine the amount of rewards they receive.
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. Rewards will be distributed on 13th June, 20th June, 27th June, and 4th July respectively.
By locking up their Polyhedra Network tokens, users can gain Staking Power which cannot be traded or transferred. The balance of Staking Power will gradually decrease to zero by the end of the staking period, allowing users to unlock their staked tokens. This program not only ensures the safety of staked tokens but also provides a profitable opportunity for users to earn more tokens while contributing to the network.
Polyhedra Network’s Staking Program is designed to attract participants and cultivate a long-term, engaged audience within the network. Get ready to stake your tokens and start earning rewards with Polyhedra Network!