Matic Network

M

Matic Network

#Staking Staking Begins on Testnet! Get ready for Counter Stake Stage 1, ‘Stake on the Beach'. The Previous Stage, Stage 0, of our Counter Stake incentivized testnet event was a huge success, and we are delighted by the overwhelming amount of interest from the community. Our team has been conducting thorough testing in preparation for Stage 1, which is now right around the corner. The aim of this Stage, Stage 1, is to release staking contract details and incremental features of the Validator nodes. We will begin accepting participants to be in the active Validator set, followed by unlocking rewards, penalties and replacement strategies progressively. There is a total reward pool of $40,000 worth MATIC tokens for participants of Stage 1 🎉 We have released an article outlining the details, rules, and conditions to get you informed and ready for this next stage of Counter Stake. Read the full details on our blog: blog.matic.network/counter-stake-stage-1-stake-on-the-beach-full-details-matic-network Many thanks to the community for your overwhelming interest in becoming part of our consensus mechanism. With your participation, staking is closer than ever, and we couldn’t be more excited to see it coming to fruition! 🥂