Dear Binstarter Community,
We would like to provide you with an important update on our APY rates. As a community project, we have allocated the majority of our token supply towards staking rewards, which we have distributed to our community even during the most challenging market conditions. Our BSR distribution process for staking rewards has now been completed in accordance with our tokenometric.
In response to the unwavering support and dedication of our community members who have been with us since the beginning, we have decided to transfer a significant portion of the foundation reserve to staking revenues. This will enable us to continue distributing stake rewards for years to come.
The new APY rates will be automatically updated in the system within the next two days. The updated rates are as follows:
- Tier 1: 1% APY
- Tier 2: 2% APY
- Tier 3: 4% APY
- Tier 4: 6% APY
- Tier 5: 8% APY
- Tier 6: 10% APY
- Tier 7: 12% APY
- Tier 8: 15% APY
- Farming: 20% APY
Staking rewards will now decrease by half each year, and access to BSR will become more challenging annually. The APY rates will remain at the highest emission-based level, but they may automatically increase or decrease depending on the number of participants.
Thank you for your continued support and commitment to Binstarter.
The Binstarter Team
BinStarter is a decentralized mining-style approval mechanism insurance protocol that is designed to examine projects according to certain criteria for 30 days and to protect liquidity providers against possible financial damages or any negativities.
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