[PRESS RELEASE – Kingstown, Saint Vincent and the Grenadines, August 27th, 2024]
Minutes Network Token team are pleased to announce two new initiatives that significantly upweight their Node holder rewards program.
First, the share of Epoch rewards allocated to Node holders has been increased from 60% to 70%, and this additional 10% is excluded from the algorithmic burn process.
Second, all Node holders will share from a specific 37.5million MNT reward pool which will be distributed over the first twenty-four months.
With Switch Nodes requiring a minimum stake of 50,000 MNT and Validation Nodes 10,000 MNT, the holder of each type of node can receive incremental rewards of 37,500 and 7,500.
This means each Node is set to potentially return up to 75% of Node holders initial token stakes over the first two-years which are additional to the monthly epoch MNT rewards.
The MNT Head of Token said “We listened very carefully to the interests of Node holders as they are critical stakeholders to the success of the project. These innovations significantly enhance the rewards available to node holders and provide a compelling reason for people to own as many nodes as they can.”
The full details can be found in the MNT Whitepaper accessible at minutesnetworktoken.io/whitepaper.
There are 119 Switch Nodes and 1069 Validation Nodes available for staking. Purchase nodes can be done by visiting portal.minutesnetworktoken.io.
About Minutes Network Token
Minutes Network Token (MNT) is a product of Minutes Network Token LLC, a company incorporated in St. Vincent and the Grenadines, Company Number 095LLC2022.
Minutes Network Token is the source of this content. This Press Release is for informational purposes only. The information does not constitute investment advice or an offer to invest.
