Staking Series (5 part series — PART 4)
FundYourselfNow aims to provide a crowdfunding platform for startups and entrepreneurs to fund themselves using ICO process. It is the Kickstarter version 2.0.
In the recent changes, FYN bought two new things: FYN staking and Airdrop. Staking has been a hot topic recently, and we covered the basics of staking and also shared some staking coins for our readers. Staking also enables everyone to be part of the ecosystem and help it grow and also help save the energy resource.
So, how does it work?
All you need to do is hold your FYN tokens in your Ethereum wallet that you registered in your FYN profile. We plan to send FYN tokens to the same wallet every quarter until we hit 2019. Hence, this process will last for two years.
The staking process is also unique and is bound to give you 20–50% profit at the end of the 2-year period. The cumulative reward is more exciting, and you can reach around 155–200% growth if you keep your tokens intact in a single place. To help you visualize, let’s check the staking schedule and cumulative rewards table.
Exciting, isn’t? Well, of course, it is. In short, you will get back 2 FYN tokens for each token you keep, and that’s a lot because the value of FYN token will be more compared to now.
Bonus for True Holders
To ensure that the true FYN holders get the best possible reward, we will be distributing the remaining tokens to all holders who hold FYN for more than 2 years at the end of Q4 2019.
Our staking pool is created to distribute the tokens to the FYN holders and every quarter they will get rewards. If the staking pool doesn’t get fully distributed at the end of the Q4 2019, the remaining tokens will be distributed in proportion.
For example, if 200k tokens remain in the 2M allocated FYN in staking pool, it will be distributed to the 2+ years holders. We are doing this to encourage contributors to be part of the ecosystem and help it grow.
How do you become part of the staking program?
The process of taking part in the staking program is easy. All you need to do is create an account on our official site, https://www.fundyourselfnow.com. Once done, just enter your Ethereum address and you are good to go!
You can enjoy 15% bonus through this FYN starter Program! Check the details here.
One additional step is to join the FYN telegram group.
Note: To be eligible for the staking, you need at minimum 10 tokens in your wallet. The number of FYN tokens will only be verified in the last week of every quarter. Also, the percentage can change over time depending on if you hold for a longer period.
FYN Staking program is aimed to improve our community and help them give rewards in return for their contribution. If you have any questions or related query, you can always comment below. Happy Staking!
Staking Series (5 part series — PART 1): Earning Crypto without a Powerful Mining RigStaking Series (5 part series — PART 2): Staking Pools — How They WorkStaking Series (5 part series — PART 3): Staking Tierion (TNT)
Keen to find out more about FundYourselfNow? Join our crowdfunding revolution conversation on our Telegram group, or follow us on Twitter.