Let’s Stake Some DU$T
Published in
1 min readMay 27, 2023
The DU$T Team is happy to announce that beginning on June 19, 2023 DU$T staking will go live. Staking will reward DU$T hodlers with additional DU$T rewards on every message sent in a DU$T enabled chat room.
There are 6 key points to DU$T Staking:
- The top fifty stakers will have multipliers applied to their base rate which will range from 11 to 100 percent using the formula (Mining Reward x Multiplier)
- Anyone staking over 50,000 DU$T will have a 3% multiplier
- The unstaking process will take a period of twenty eight days. You will receive 25% of the designated amount every seven days.
- Stake Rewards will be staked automatically when claimed. Mining rewards will remain liquid and will be sent to your wallet like usual. Stake more to move up the leaderboard!
- DU$T rewards can be claimed daily.
- Stakers must stake tokens to stake.dust to be eligible.
DU$T operator stakes will therefore not be eligible for personal staking rewards.
Join the Magic Dust (DU$T) Telegram room to find out more about this exciting new use case! https://t.me/magicdustcrypto