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Announcement: Additional Information about POS Node Mining (Staking)

To allow more users to participate in POS staking, the original requirement of staking 100 HO had been adjusted to 1 HO to receive reward.

Since several rules were not explained in the previous rules, additional explanations are provided.

  1. 1% of the redemption amount will be deducted and destroyed when the staked HO is redeemed.
  2. 1% will be deducted and destroyed when the reward is withdrawn.
  3. 1% will be deducted and destroyed when withdrawing rewards from the community staking.

Destruction address: 0x00000000000000000000000000000000000000000000

The above rules can be considered as a part of HO deflationary model, with the improvement of the ecology more segments will be involved in the HO deflationary model.

HALO Labs
June 28th, 2021

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