[Announcement] Launch of CC / CBK Staking

Cobak
2 min readOct 31, 2024

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Dear Cobak Community,

Introducing Our First Ecosystem Utility Model: CC / CBK Staking

It is with great pleasure that we announce the launch of CC / CBK Staking, our first product designed to enhance Cobak’s Web3 ecosystem. This staking program is structured to reward participants based on their active contributions within the community, creating a self-sustaining and rewarding ecosystem beyond simple staking rewards.

Staking Benefits: Cobak Membership

With Cobak Membership, participants are eligible for additional benefits based on their community involvement, including badge acquisition, swap fee discounts, and more. By participating in staking, users will also be able to access the Standard Membership without the previous Level 30 restriction. We are pleased to share that membership benefits will be further enhanced in the future, and we encourage everyone to stay engaged and enjoy these growing rewards.

Open to Users Worldwide

In alignment with our recent web updates and the release of our new app, we are proud to introduce a staking platform accessible to users globally.

Future Token Rewards Based on APY

Initially, staking rewards will be based on ecosystem contributions. However, we plan to incorporate an APY-based token reward model in the near future, allowing staking participants to enjoy even greater benefits as the program evolves.

Go to Cobak Staking Service

We deeply appreciate your interest and support as we strive to build a sustainable Web3 ecosystem. Thank you for being an essential part of our journey forward.

Thank you.

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Cobak
Cobak

Written by Cobak

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