Data Ownership Protocol’s mainnet is up and running. Now, we have another big announcement to make: the launch of our staking program.

 

In this post, we will explain the details of the staking process, including how it works, the benefits, and the conditions for claiming rewards.

Crunching the numbers

A grand total of 210,000,000 DOP tokens have been set aside for staking rewards in the first year — and you have a chance to receive a share of this. It’s important to note that the staking program does not affect or increase DOP’s total token supply or inflation rate.

 

You’ll be eligible to start staking your tokens before they are listed on major exchanges, giving you an exclusive headstart and the ability to earn even more DOP.

 

The exact yield that’s on offer will depend on the total amount that’s staked by the community, and rewards will start to accrue as soon as they’re locked up. This means it pays to start early, as returns will be higher when fewer people are involved. APY within our program will be dynamic and adjusted every second in line with demand.

 

An added incentive comes in the form of our mainnet airdrop campaign, where staking generates points that can be exchanged for even more DOP. Here, you’ll get 0.05 points for every DOP token that’s locked away for 24 hours — and a 10% bonus after 30 days. For example, staking 1,000 DOP for a month would leave you with 1,650 points.

 

Overall, this is a great opportunity to increase your exposure to DOP tokens, which play an essential role in allowing crypto users to encrypt and decrypt ERC-20 tokens at will and benefit from the power of selective transparency.

How it works

Once you’ve staked your tokens, they can be claimed at any time. However, it’s worth noting that there will be a seven-day cooling down period before the DOP tokens are returned to you — and you’ll stop earning staking rewards as soon as the request is made.

 

When it comes to claiming the staking rewards, they can start to be claimed 90 days after the tokens were first locked up.

 

But there’s another exciting twist to our program. Why? Because you’ll have the option to re-stake these rewards, and make additional gains on the shiny new DOP you’ve already earned. This will then be subject to a further 90-day lockup period. The power of compounding cannot be overstated, and it’ll be especially advantageous for the earliest adopters.

The beginning of something special

DOP’s staking program is the opportunity to get in on the ground floor of a brand-new protocol that’s vying to make digital assets work for everyone. And if you’ve been a fan of our project from the very beginning, this means you can make DOP tokens work for you — rather than sitting idle in a crypto wallet.

 

Visit our staking website staking.dop.org to start staking today. 

 

Stay tuned for further updates as our mainnet continues to evolve, complete with compelling new features, use cases and opportunities for our growing community.