Tuesday, 01 March 2022 12:35 PM
Product Announcements
TALLINN, ESTONIA / ACCESSWIRE / March 1, 2022 / 22.8 million EVER tokens are locked in Everscale's boosted staking program launched late December last year. The program offered additional rewards to holders and supported the validation of transactions on the blockchain.
Staking is the basis of any Proof-of-Stake blockchain ensuring the operability of the network by rewarding those who lend their tokens to the system. Everscale's (rank #262 at CoinMarketCap) boosted staking program offered up to 15% APY on top of the basic 5% in traditional staking. Thus, the total APY can reach a peak of 20%.
The program's minimum amount to participate was as little as 100 EVER and was accessible to any member of the community.
The token lock period is selected by the user and varies from 6 to 48 months. The bigger the stake and the longer the lock period, the higher the amount of the rewards are.
The safety of locked tokens is guaranteed by a system of smart contracts. These smart contracts are accessed by the user through an easy-to-use chat-like interface of the Boosted Staking Debot in the Ever Surf blockchain browser and wallet. The funds are controlled by the user at all times and no third party has access to them.
"Our primary focus with boosted staking was to support long-term holders who lend their tokens to build the network in a decentralized fashion and help validate transactions in it," - says Eugene Teslov, Ever Surf CPO and one of the program's creators. "Current results of the program show that our approach and way of thinking are heavily supported by the community. We plan to further develop the boosted staking program attracting more users and validators to it."
22.8 million EVER tokens locked in the boosted staking program in less than three months is a clear sign of the high level of interest with the Everscale community and investors to risk-free long-term holding which is backed by decentralized smart contracts.
About the Everscale Network
The Everscale network is a layer-one blockchain that uses proof-of-stake (PoS) consensus and runs on 400+ decentralized validators. Everscale enables trustless, efficient, and interoperable blockchain solutions. Driven by the distributed community and network of projects, Everscale is dedicated to empowering communities to explore, build and develop blockchain solutions. The network's technology uses multithreading that makes it scalable and able to process millions of transactions per second while being safe and secure.
Everscale has powerful developer tools as compilers for Solidity and C++, SDK and API, client libraries ported to more than 20 languages and platforms, a range of decentralized browsers and wallets empowering many applications in decentralized finance, non-fungible tokens, tokenization, and governance domains.
Contact:
Company: Ever Surf
Name: Ann Sky
Email: [email protected]
SOURCE: Ever Surf
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