New Updates To the Wicrypt Staking Requirement
Enhancing the Wicrypt Ecosystem: Reviewing Staking Requirements for Greater Value and Potential
We’re excited to announce a strategic change that’s set to propel the Wicrypt ecosystem to new heights — an update to the Wicrypt staking requirements. From the 1st of November, the minimum staking requirement for Wicrypt users will move from a minimum of $100 to $150. This strategic shift reflects our commitment to fostering a more balanced and robust ecosystem while providing greater benefits to our valued community members.
Why Are We Doing This?
Aiming for Balanced Utility and Amplified Demand for $WNT
One of the major reasons driving this update is to strike a balance in the utility of our native token, $WNT. As users are now required to stake before engaging in mining activities, this adjustment will help create a more balanced supply and demand scenario for the token. With increased demand from the updated staking requirements, there will be substantial benefits for all token holders.
Cultivating Dedication and Commitment within the Network
Reviewing the staking requirement aligns with our vision of fostering a network of dedicated participants genuinely supporting the Wicrypt ecosystem. By raising the bar for entry, we’re actively encouraging individuals committed to contributing to the growth and success of the network. This strategic move aims to strengthen the network’s foundation, ensuring participants are aligned with our long-term goals.
Harmonising with the Wicrypt City WiFi Launch
This staking requirement update is timely, coinciding with the exciting launch of the Wicrypt City WiFi. This revolutionary development opens doors to widespread connectivity, allowing existing and new Wicrypt Hotspot Hub owners to extend coverage across vast areas like streets, estates and mini-cities.
Benefits for Wicrypt Users
While this change represents a significant shift, it also brings many compelling benefits for all users.
Reduced Mining Competition:
With a more stringent staking requirement, the network will naturally attract and retain serious node owners. This reduced casual participation translates to less competition for mining rewards, providing more consistent and rewarding results for committed participants.
Embracing Increased $WNT Demand:
As staking becomes a fundamental prerequisite for mining, the demand for $WNT is poised to surge. This heightened demand would be beneficial for all stakeholders.
Click here for the new staking requirement to mine $WNT on the Wicrypt Network.
Embracing a New Era with Wicrypt
This update underscores our commitment to advancing the Wicrypt ecosystem, creating a stronger, more dynamic environment well-poised for growth and innovation. By evolving our staking requirements, we’re paving the way for a more balanced and prosperous network that resonates with our community’s dedication.
Join us in embracing this pivotal change and collectively propelling the Wicrypt ecosystem to unprecedented heights. Together, we’re crafting a future empowered by a commitment to global decentralised internet access.
