Updated: Apr 29
The Tanglebeasts founded the $BEAST token, which will benefit the community and the project. By selling the $BEAST token publicly, the Tanglebeasts were able to generate around 15 Gi of revenue, which will be reinvested into the project and contribute to its growth. On the other hand, token owners now have the opportunity to enjoy many benefits, as well as collect rewards through staking among other things.
In this article, we will explain in more detail how the staking of the $BEAST Token will take place and how many rewards each participant will receive.
At the moment, there are approximately 75,000 BEAST-Tokens in circulation. We will greatly increase this number of tokens over the next 12 months through staking.
The treasury currently holds 112,500 BEAST. Of these, we are using 76%, which is 85,500 BEAST, to distribute staking rewards to the respective participants.
These 85,500 BEAST refer to the entire 12-month period. The staking rewards will be distributed weekly, which means that 1,644 tokens will be distributed to all participants per week.
The longer and more tokens you stake, the larger the size of the weekly distribution becomes.
After the 12-month period, staking will not be available anymore.