Everscale launches limited-time boosted staking program – Cointelegraph
Tallinn, Estonia, Dec. 16, 2021 — Everscale (formerly Free TON) has announced the launch of its Boosted Staking campaign, a limited-time offer that provides EVER holders unique benefits. Designed to enable participants to receive passive income, individuals can send tokens to a special smart contract called a “Depool” where they will help in validating transactions on the blockchain.
Staking has previously been regarded as an intimidating process, whether the user interface is not intuitive or the users are required to have significant token balances in order to participate. The Ever Surf browser and wallet resolve the first issues by giving users the ability to interact with the smart contract and successfully stake their tokens by running a simple chat-like interface within the browser called the “DeBot.”
Further lowering the entry barrier, the boosted staking program allows users to stake as little as 100 tokens to participate, while the duration of the lock period is also up to the user. From 6, 12, 18 and 24 months, stakers can take advantage of varying benefits, with the additional APY reaching as high as 15%. The rewards are distributed after each validation cycle, with the withdrawal process from the Depool taking up to 54 hours.
Everscale Network is proud to be lowering the entry barrier and welcoming new users into the staking process to experience how easy it is to earn rewards. Through this initiative, the team is encouraging the users to participate, increase the liquidity, and welcome more projects in the near future.
Everscale 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.
About Everscale Network
Everscale is a unique blockchain design that proposes a scalable, decentralized world computer, paired with a distributed operating system. Everscale is based on a platform called Ever OS that is capable of processing millions of transactions per second and has Turing-complete smart contracts and decentralized user interfaces.
Everscale presents some new and unique properties, such as dynamic multithreading, soft majority consensus and distributed programming, which enable it to be scalable, fast and secure at the same time. It is governed by a decentralized community founded upon meritocratic principles via Soft Majority Voting protocol.
Everscale has powerful developer tools, such as compilers for Solidity and C++, SDK and API, client libraries …….