🔥🔥Breaking News: The Good News of 250 Million Coins Finally Came in This Altcoin 🔥🔥

EOS Network has taken a big step by announcing a 250 million EOS staking rewards program.

Following the announcement, the EOS price rose to $0.52, indicating that demand for the token may increase for staking.

This step by EOS once again showed that staking plans lead to significant effects on the altcoin market and can directly affect prices by increasing token utility.

Within the scope of the renewed EOS staking program, 85.6 thousand EOS per day will be distributed to stakers. This could encourage more investors to stake their assets, reducing supply on exchanges and pushing prices up. The program also offers rewards with over 60% APY to early participants, and more than 31 million EOS tokens will be distributed annually.

The updated version of the EOS staking program aims to provide sustainable rewards to participants as well as stimulate the growth of the ecosystem. Additionally, the lockup period for staking has been increased from four days to 21 days, further incentivizing EOS Block Producers (BPs) as they see an increase in network demand.

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