Discover the Exciting 53rd Rewards Program

Exciting New Project Launches on Innovative Rewards Platform

A groundbreaking liquid restaking protocol has been announced as the 53rd initiative on a popular blockchain rewards platform. The project's webpage is set to go live shortly, preceding the official start of the rewards program.

Starting from 2024-04-24 00:00 (UTC), participants will have the opportunity to stake their assets in separate pools to earn tokens of the new protocol over a six-day period.

Following the staking phase, the new token will be listed for trading on 2024-04-30 12:00 (UTC), with multiple trading pairs available. The token will be designated with a Seed Tag status.

Rewards Program Details

The new protocol offers an exciting opportunity for blockchain enthusiasts. The total token supply amounts to 10 billion tokens, with 250 million tokens (2.5% of total supply) allocated to the rewards pool. Upon launch, the initial circulating supply will be 1.05 billion tokens, representing 10.5% of the total supply. The protocol will operate on the Ethereum smart contract platform, and all participants must comply with KYC requirements.

Staking Opportunities and Rewards Distribution

The rewards program features two distinct staking pools with varying allocation percentages. Pool A will receive 85% of the rewards, equivalent to 212.5 million tokens, while Pool B will receive the remaining 15%, or 37.5 million tokens. To promote fair participation, the platform has implemented hourly caps per user: 147,569.44 tokens for Pool A and 26,041.67 tokens for Pool B.

Timeline and Participation Window

The farming period spans six days, beginning on April 24, 2024, at 00:00 UTC and concluding on April 29, 2024, at 23:59 UTC. Following this period, the token will be listed for trading on April 30, 2024, at 12:00 UTC. This timeframe provides participants with sufficient opportunity to engage with the new protocol and potentially earn rewards.

Implications for the Blockchain Ecosystem

The launch of this 53rd project on the rewards platform signifies the continued growth and innovation in the blockchain space. By introducing a liquid restaking protocol, the initiative aims to enhance liquidity and efficiency in the decentralized finance (DeFi) ecosystem.

As the blockchain industry evolves, such projects play a crucial role in expanding the capabilities and use cases of cryptocurrency networks. Participants in this rewards program not only have the chance to earn tokens but also contribute to the development and adoption of cutting-edge blockchain technologies.

The introduction of this new protocol underscores the dynamic nature of the cryptocurrency market and the ongoing efforts to create more sophisticated financial instruments within the blockchain ecosystem.