Voi’s Staking Program — 140MM $Voi
Hello Voiagers and Future Explorers,
We’re excited to introduce a key initiative that will empower our community, secure our network, and offer substantial rewards.
We’re thrilled to announce the launch of the Voi Staking Program, a cornerstone of our mainnet rollout plan designed to incentivize early participation and long-term commitment.
Voi Staking Program Overview
The Voi Staking Program provides two powerful ways to earn rewards while supporting the Voi network:
- Locking up tokens in a contract, gaining additional bonus rewards through an airdrop.
- Staking locked up & bonus tokens to secure the network, earning block rewards.
Two Ways to Earn Rewards
1. Locking Up Tokens to Gain Bonus Rewards
Locking up your Voi tokens in a special contract enables you to earn bonus rewards. This is different from staking for network security. By locking up your tokens, you commit them for a certain period, earning additional bonus tokens through an airdrop. The bonus is determined by two factors:
- When you stake: Earlier weeks offer higher rewards.
- How long you lock up: Longer lockup periods provide higher bonus rates.
2. Staking Tokens to Secure the Network
By staking your locked up and bonus Voi tokens on a node, you actively contribute to the security and stability of the Voi blockchain. This process helps secure the network and allows you to earn block rewards. These rewards are generated by participating in the consensus process and maintaining the health of the network.
Key Features of the Voi Staking Program
Exclusive Access Through Exchange Partners
Voi tokens can only be obtained through our partner exchanges during this phase of the rollout plan. This exclusivity drives traffic to our trusted exchange partners and ensures token availability for those who wish to participate.
Incentivized Early Lockup
Act fast to maximize your rewards. The earlier you lock up your tokens, the higher your bonus from the airdrop, thanks to the timing multiplier that decreases each week. The highest bonus rates are available in the first week, and they can be fully subscribed if participants act quickly.
Flexible Lockup Durations for Bonus Rewards
You have the flexibility to choose from various lockup periods, ranging from 1 to 18 months. The longer you lock up your tokens, the higher the lockup multiplier and, consequently, the bonus rate you earn.
Weekly Cap on Token Staking and Overflow Mechanism
To ensure a fair distribution of rewards and manage network stability, the staking program has a cap of 50 million tokens per week. However, it’s important to understand how these caps work and why early participation is crucial:
- Weekly Cap of 50 Million Tokens: Each week is capped at a maximum of 50 million tokens that can be staked.
- Movement to Next Week’s Cap: If Week 1 does not reach the 50 million token cap, Week 2 will still begin with its own separate 50 million token cap. Staked tokens will apply to the current week’s cap, not to the previous week’s unused capacity. This means that participants must act quickly to benefit from higher bonus rates in earlier weeks.
- For example, if only 30 million tokens are staked in Week 1, the remaining 20 million of that week’s cap do not carry over. In Week 2, another 50 million tokens can be staked, regardless of the Week 1 shortfall. - Overflow to Subsequent Weeks: If the cap for a given week is reached, any additional tokens staked will overflow into the next available week’s cap. This overflow will apply the timing multiplier for that subsequent week.
- For instance, if 60 million tokens are staked in Week 1, the first 50 million will be applied to Week 1’s cap, and the remaining 10 million will overflow into Week 2’s cap. - Full Allocation Could Happen Early: Due to the overflow mechanism, it’s possible for the entire 200 million token cap to be reached quickly if participants stake large amounts early. Tokens could overflow into subsequent weeks, filling up all available caps in a short time frame. This means that staking opportunities may be limited after the first few weeks if demand is high.
Immediate Bonus and Block Rewards
When staking contracts are funded, you receive your full bonus for locked-up tokens upfront. These tokens can be staked on a node to start earning block rewards immediately, maximizing your earning potential.
Block rewards can be accessed freely without vesting restrictions.
Bonus and Vesting Period
- Earned bonus is airdropped upfront once your staking contract is funded.
- Bonus rates vary based on the timing and duration of your lockup.
- The vesting period starts after the lockup period ends, during which you can progressively access your locked tokens.
Important Dates
- September 26: Exchange Listings Begin
Acquire Voi tokens through our official exchange partners. - September 26: DeFi Liquidity Bootstrapping
Launching liquidity pools on decentralized exchanges to ensure tokens are available for trading and staking via bridges. - September 30: Week 1 of Lockup for Bonus Rewards Begins
The first week offers the highest bonus rate for locking up your tokens in a contract. Early lockup maximizes your bonus airdrop and contributes to the network’s stability. - October 7, 14, and 21: Lockup for Bonus Rewards Continues
Each subsequent week offers progressively lower bonuses. Lock up your tokens to earn bonus rewards based on the duration and timing of your commitment.
Token Estimator
You can make a copy of this spreadsheet to see how to get access to the best bonus rates from this program.
How to Get Started
- Be Cautious of Scams
Only follow links provided through official Voi communications such as this medium account. - Acquire Voi Tokens
Starting September 26, purchase Voi tokens through our official exchange partners. - Visit the Official Website
Access the staking platform through the official Voi website, which will be shared at a later date through official channels only. - Lock Up Your Tokens in the Contract
Choose your lockup duration and lock up your tokens in the contract to gain bonus rewards. - Receive Your Full Airdrop to Your Contract
Once your tokens are locked up, you’ll receive your full bonus airdrop before block rewards begin. Then, your lockup and vesting period will commence. - Stake All of Your Tokens in Your Contract on a Node
Use your staked tokens, including the airdropped tokens, to secure the network by staking them on a node. This allows you to start earning block rewards immediately. - Access Your Locked-Up Tokens After They Have Vested
Once the vesting period is complete, you can access your tokens. Block rewards are accessible immediately, with no lockup or vesting required.
Stay Vigilant
Please be aware of potential scams. Only use the official Voi website and follow announcements from trusted Voi channels. Always double-check links and never connect your wallet to suspicious sites.
Important Note on Timeline
Please be aware that all dates provided are estimated and subject to change. While we aim to stick to this timeline, unforeseen events could arise, potentially pushing back these milestones. Rest assured, the Voi Foundation, along with our dedicated community, will be working tirelessly to meet these dates and ensure a smooth rollout.
Join Us in Building the Future of Voi
The Voi staking program is a crucial part of our mainnet rollout plan, aimed at building a secure, community-driven blockchain. Take advantage of this opportunity to earn rewards, support network security, and play a vital role in the growth of Voi.
Stay tuned for more updates and detailed instructions. Together, we are building a vibrant, secure, and decentralized future on the Voi mainnet.
Thank you for your support. Let’s stake, secure, and thrive together on Voi!
