Taking pride being a globally acclaimed broker firm specialized in crypto trading and asset management, TROY has announced the launch of its highly anticipated Rewards and Staking Program to allow its global customer base earn some extra rewards. The program has been curated to encourage TROY token holders to contribute for the betterment of the ecosystem.
The news was circulated in the crypto community through an official post on TROY’s Twitter handle. The post read:
#TROY’s Brokerage Reward & Staking Program is officially live now! The Program will empower TROY ecosystem with both profitability and sustainability! 💪
Find the detailed rules of the Program here👇👇👇: https://t.co/p6v46gmqct
— Troy Trade (@troytrade) March 5, 2020
According to the official post, the rewards and staking program has been designed in a way such that different reward-generating mechanisms for brokers as well as the holders. The event is likely to promote TROY’s prime objective related to profitability and sustainability of its customer base.
The Details Related to The Program
- Starting time of the program- March 4, 2020, at 00:00 AM UTC
- Eligibility Criteria- The staking rewards are applicable for all circulating TROY’s. Only the addresses with average daily balance of more than 10,000 TROY tokens will qualify for the program.
- Calculation of Reward- The snapshots of the on-chain TROY balance will be taken for the eligible participants at 12:00 PM UTC on every calendar day.
- Reward Calculation Formula-
Staking Reward=daily average balance*ARY*days of holding/365
- Basic ARY：12%, while the ARY of staking by TROY broker nodes will be as high as 18%.
The rewards shall be disbursed to the participants on every calendar month within seven days after the month ends.