Dear Cobak Community,
We are excited to introduce Cobak’s new staking service, designed to provide practical utility for CC and CBK tokens. Starting October 31, 2024, you can access the staking service through both our website and the new app.
Below are the details of the staking program, including participation periods and membership benefits. We hope this initiative enhances your experience within the Cobak ecosystem.
Staking Period
October 31, 2024 — April 30, 2025
Membership Benefits and Staking Requirements
Gone are the days of monthly CC renewals! Now, you can enjoy a 6-month membership with just one staking transaction. Membership will remain active during the staking period and will end immediately upon unstaking.
- Basic Membership: 240 CBK worth of CC (100% CC)
- Standard Membership: 720 CBK equivalent (80% CC + 20% CBK)
First Month Discount (50% off the initial staking amount)
- Basic Membership: 120 CBK worth of CC (100% CC)
- Standard Membership: 360 CBK equivalent (80% CC + 20% CBK)
The sooner you participate, the more you save.
Future Staking Benefits
Starting in May 2025, staking rewards may be adjusted to offer APY-based returns in CC and CBK. Stay tuned for further announcements as we continue to improve our staking services.
If you have specific ideas for future staking benefits, share your thoughts in the comments.
More info
https://cobak.co/en/community/8/post/1383256
We appreciate your support and participation. Cobak remains committed to providing enhanced blockchain services, and we look forward to offering you even greater benefits through our upcoming staking program.
Thank you!
