Odaily Planet Daily News Space and Time announced the launch of the Genesis Validator Rewards Program. Participants must stake SXT within 14 days of the launch of the public mainnet. The stake must be maintained for 9 months. If the stake is fully or partially canceled before the end of the 9-month period, you will no longer be eligible for rewards from this program. You will still receive standard validator staking rewards (with an expected annualized yield of 8%), but will not receive the adjusted program yield. After the 9-month period, eligible participants will be able to connect to the smart contract, verify their staking history and claim the output adjusted by the protocol. Qualification verification will use SQL proofs, Space and Time's on-chain query technology to read the Ethereum historical state.
The Genesis Validator Rewards Program has a reward cap of 150 million SXT, accounting for 3% of the total token supply. Once 150 million SXT are staked into the program, no other participants will be accepted, even within the 14-day period.