HOPR Staking Program Will Be Live On 27th July 2021

Protocol provides network-level and metadata privacy, HOPR thrilled to announce that their staking program will take off on July 27, 2021. This six month-scheme takes standard yield farming and gives a gamified which can boost your APY.

The new $HOPR staking scheme will launch on July 27th and run until 17th January 2022. The goal of the scheme is to reward HOPR token holders while providing a way to develop and test cover traffic with the help of the community. To participate in $HOPR staking you’ll need to stake and lock your tokens in a HOPR smart contract. Rewards will start from July 27th and run until January 17th 2022, a period of 175 days. The contract will go live in mid-July to give people time to participate for the full period. You can join the contract at any time, but once you do, your tokens will be locked until the end date.

You can claim your rewards as you go, or you can choose to reinvest them in the contract to compound your earnings. If you choose to reinvest, your APY will increase, but those tokens will be locked until January 17th like the rest of your stake. Staked tokens receive a base reward of 0.05% per day. This works out at 18.25% APY, assuming you don’t take advantage of compounding.

ABOUT HOPR
HOPR protocol provides network-level and metadata privacy for every type of data exchange, while introducing the first-ever open incentivized mix net, where users earn tokens for running nodes.

RESOURCES
Medium