Announcement on Launch of LINK(LN) staking (Beta)
Hello, this is the LINE Blockchain team at LTP.
From April 10th, we would like to inform you the LINK(LN) staking service* will be available. Anyone who holds LINK (LN) can participate in staking and get rewards* simply by connecting their DOSI Vault on LINE Blockchain Scan. (*Please note that the actual network contribution reward will be distributed after the implementation of Token Economy 2.0. However, Gas Fee generated by using DOSI Vault will be partially distributed as a reward for users of the LINK (LN) staking service. Further information regarding the implementation of Token Economy 2.0 will be provided in April.)
- What is LINK(LN) staking service?
The LINK (LN) staking service is an example of network contribution rewards, which are key to the Token Economy 2.0. LINK (LN) Holders contribute directly to the network by staking LINK (LN) and receive rewards by themselves. The reward rate varies depending on the total amount of staked LINK (LN) by all the participants and other factors.
- What is staking?
Staking is a one way for holders to contribute to the network by delegating their digital assets held to be utilized for blockchain verification. On the other hand, undelegating(retrieving) the assets that have been delegated is called unstaking.
We provide a guide on how to use the staking service through the following announcement.
- Staking service tutorial: https://lin.ee/oAOUEGn/bofu
If you have not yet downloaded the LINK (LN) dedicated wallet DOSI Vault for integration with the LINK (LN) staking service, you can download the official version of DOSI Vault via the DOSI Vault official website.
- DOSI Vault official website: https://vault.dosi.world/
LINE Blockchain Team strives to create value for LN by expanding LN’s usage. Once again, thank you for supporting our journey toward an open network to shape a better and sounder token economy. We will continue to do our best to provide services that can be used easily and safely not only by blockchain service specialists but also by general users.
LINE Blockchain Team at LTP
