Binstarter Community Survey: Enhancing Staking Rewards

Binstarter Social - Queen

Dear Binstarter Community,

As we progress towards the significant milestones outlined in our Binstarter Renaissance updates, we are approaching an important phase: our previously announced token migration. This initiative aims to enhance our ecosystem, and as part of this ongoing improvement, we are considering changes to enhance the staking rewards. We highly value your input on this pivotal decision.

Background and Proposal:

Initially, when we launched Binstarter, the total token supply was set at 100 million BSR. We plan to return to our original supply and increase staking rewards for the next 1 year. This adjustment is designed to enable us to provide more meaningful staking rewards, thereby enhancing benefits for all community members engaged in staking.

Reasons for Enhancing Staking Rewards:

1. Greater Incentives: Enhancing staking rewards will offer more substantial and attractive returns, encouraging greater community participation and engagement.

2. Sustained Ecosystem Growth: With enhanced staking rewards, we can more effectively support the growth of our ecosystem, ensuring that sufficient tokens are available for various activities and incentives.

3. Long-term Stability: Improving staking rewards aims to create a more robust and stable token economy, capable of supporting our project’s long-term vision and withstanding market fluctuations.

Token Migration Update:

As part of the Binstarter Renaissance, the token migration process is set to improve our existing contract by eliminating certain features. We are nearing this transition, awaiting only the completion of the audit process. In the meantime, we are seeking your views on the proposed changes to the staking rewards.

We Need Your Input:

Your opinion is crucial. Please participate in our survey to express your views on enhancing the staking rewards. Your feedback will inform our decisions, ensuring they align with community interests.

We appreciate your continued support and look forward to your valuable feedback.

Best regards,

The Binstarter Team

About Binstarter

Launched in June 2021, Binstarter is a trailblazer in decentralized finance, renowned as the first multi-chain IDO platform with an Extended Insurance Protocol (EIP). Our platform is committed to transparency, fairness, and innovation, offering secure and efficient fundraising solutions for startups. At Binstarter, we aim to revolutionize the DeFi landscape by reducing risks, enhancing user experiences, and empowering startups for successful launches.

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