Published in


Konomi Network Announces Staking Mainnet Launch

Konomi’s Staking contract has officially passed the code audit and will be ready for mainnet testing at 8pm Singapore time, 25 February. The test will last for seven days and is designed to test the stability of the Staking contract and to allow more Kono holders to understand how to use our decentralised Staking contract to generate revenue. After this test, we will be launching Staking products with longer staking periods, bigger asset pools and more attractive rewards.

To encourage more users to participate in the test, the annual interest rate for the 7-day test will be 200%. At the same time, 30,000 Konos will be allocated as the total bonus for the test and will be distributed according to each user’s level of participation. Please note that the Staking pool will be capped at 771,428 Konos, with a minimum requirement of 1,000 Konos for each user and a maximum of 3,000 Konos reward for a single address. The reward will be on a “first come first serve” basis, i.e. once it’s all redeemed no more rewards will be credited and users can still withdraw the deposits.

About Konomi

Konomi is a decentralized money market protocol built using Polkadot’s Substrate. Konomi is working to provide active money markets across the entirety of the Polkadot ecosystem, as well as expand and integrate into cross-chain networks. By introducing a fluid market for cross-chain crypto assets, Konomi hopes to provide an overall better user experience that is accessible regardless of the native network the end user prefers.

Stay in touch with us through:

Website: https://www.konomi.network/

Twitter: https://twitter.com/KonomiNetwork

Telegram: https://t.me/konominetwork

Telegram Announcements: https://t.me/konominetworkchannel

Telegram (Vietnam): https://t.me/konominetwork_vn

Reddit: https://www.reddit.com/r/KonomiNetwork/




Konomi is a decentralized money market protocol built using Polkadot’s Substrate.

Recommended from Medium

Loopring Pt II: Two Months Ago Today…

Best 3 Cryptocurrencies to Buy During Bear Market

How To Buy Polygon Today

The Top 3 Best Alternatives to Bitmex

The Unavoidable Crypto Crash: Is it Like the Dot Com Bubble?

Pipe Down Jamie Dimon — Bitcoin Can’t Be a Fraud

Ampleforth’s Evan Kuo on the Importance of Community in Enabling Decentralization

Creating Digital Currency: A Cryptocurrency Approach

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store


decentralised money market on Polkadot

More from Medium

Konomi Network: January Monthly Update

AMA Recap: Ambrosus Ecosystem featured on tehMoonwalkeR’s High Table Telegram Chat

Staking and Becoming a Validator on Aleph Zero. How Will it Work?

Drop3 Community testing closed