$2.54 19.78%
ONT · 1w

Last 6316 ONT free staking space in Ontology telegram admins node - ►CZ/SK Ontology community node◄ 😎 More info about node in the article.

We want to invite you to stake with our node — “CZ/SK Ontology community node” launched back in January, represented by Ontology telegram administrators, me (DuMonT), Andrei and Hamzat. By staking with us, you directly support our work and community. Disclaimer: This article is community based, written by Ontology telegram administrator DuMonT and do not represent any official Ontology announcement, nor opinion.

To express our long term belief in the future of Ontology, we locked our ONT tokens as a candidate node, offering to stakers fair staking environment for long term. As you can see at node.ont.io, we set rewards distribution ratio to 10%/90% which we consider as sustainable. Therefore, we have decided to not change it, even if we reach fully staked node, so its long term beneficial to stakers as well as us.

But what that ratio means?

Basically, imagine the node ONT tokens split into 2 parts, the node’s initial stake as first part while second part are ONT tokens staked by users. Then, first figure (10%) stands for how much of rewards, which we receive for our own node initial stake, we distribute to stakers. And second figure (90%), stands for how much of rewards, which we receive for staked tokens, we distribute to stakers. This ratio, based on current statistics (10th of March 2021), gives to stakers approx. 39% APY, which is no brainer in comparison with Exodus staking which gives ONLY 7,7%

Yes, there are few nodes with even little higher APY%, but be careful if you decide to stake with them, they use way too generous (unsustainable) ratio, which they will most likely drop to very low amounts once they attract many stakers.

Go to dumontiskooo.medium.com
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