Important Community Update: Staking APY Change

Buying.com
Buying.com
Published in
2 min readOct 3, 2023

Important Community Update: Staking APY Change

We’ve got some news to share about our staking program. At Buying.com, we believe in keeping you in the loop about what’s going on.

Starting from today, we’re adjusting the staking Annual Percentage Yield (APY) from 14% to 8%. We know this might come as a surprise, but we want to explain why we’re doing it:

Why Are We Making This Change?

  1. Sustainability: We want our project to last, and this change helps make sure our staking program can keep going strong. It’ll also let us put more into growing and improving everything we offer.
  2. Stability: A more steady APY means a more stable token economy. That’s good news for everyone, with fewer big ups and downs to worry about.
  3. Keeping Up: The crypto world changes fast, and we want to keep up with the latest trends. Many successful projects have already made moves like this to stay competitive.
  4. More Cool Stuff: By making this change, we can focus on making cool new features and services for you. We’ve got big plans, and this helps us get there faster.

This new APY kicks in 10/03/2023, and if you’re already staking with us, your rewards will automatically switch over to the new rate.

Thanks for sticking with us! We’re excited to keep growing with you.

If you’ve got any questions or thoughts, don’t hesitate to reach out to us.

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