Aleph Zero launches staking on its mainnet, offering between 10 and 20% APY on its native AZERO coin in its quest to achieve a scalable and decentralized, permissionless public network.

ZUG, SWITZERLAND / ACCESSWIRE / April 26, 2022 / Aleph Zero, an enterprise-ready, developer-friendly platform with a peer-reviewed Directed Acyclic Graph (DAG)-based consensus protocol developed by a team of leading academics, today announces the launch of its staking program, poised to deliver between 10 and 20% APY for stakers of the network's native AZERO.

The launch of staking on the Aleph Zero Mainnet comes as the first part in a series of upgrades to make the platform fully permissionless.

In future releases, holders of Aleph Zero's native AZERO coin have two ways of benefiting from the new staking program.

Users can become network validators by locking up a minimum stake of 25,000 AZERO coins. In doing so, they play a role in securing the network and validating consensus while receiving a portion of the newly produced coins from the block rewards proportional to their stake.

Those who don't wish to become validators or lack the minimum staking requirements can delegate their holdings to validators and receive a portion of the block rewards proportional to their delegated stake. Validators are ranked according to their network uptime and the percentage of rewards they offer to their delegators.

A total of 30M AZERO will be generated yearly, with the majority of coins being distributed to validators and delegators. Of the 30M yearly inflation coins, 90% will be distributed to validators and delegators, while the remaining 10% will be added to the Aleph Zero ecosystem fund. The ecosystem fund will initially be used in the general maintenance of the blockchain's infrastructure and to deliver grants and funding support to products and projects related to Aleph Zero

Antoni Zolciak, Co-founder of Aleph Zero, said: "The launch of a secure staking program on the Aleph Zero mainnet marks a significant step in building a comprehensive fintech ecosystem on top of cutting edge, secure technology. AZERO coin holders can now earn rewards according to their means, while knowing they're playing a part in maintaining the integrity of the Aleph Zero network in an environmentally-friendly manner."

Aleph Zero's Proof-of-Stake implementation is an environmentally-friendly alternative to conventional blockchains.

Incurring less than a fraction of the energy requirements, PoS chains like Aleph Zero enable holders to lock-up their coins for a set period of time and receive staking rewards in return.

Aleph Zero recently raised $15M in funding from such Web3 industry investors as JUN Capital, Dcrypted, Genblock Capital, PetRock Capital, Block54, Black Dragon, BlockUnify, Megala Ventures, Turing Research, and Supernova among others. Individual investors such as Joeri van Geelen, former Managing Partner APAC at Prysm Group, Gordon Cheung, a partner at Epic Capital Healthcare, and Michael Guzik, CEO of CLST, a former partner at Blockchain Valley Ventures, also took part in the raise.

To learn more about Aleph Zero, visit https://alephzero.org/

For more information, please contact:
Leo Park
Cryptoland PR
leo@cryptolandpr.com

About Aleph Zero

Aleph Zero is a novel public blockchain with private smart contracts. It's powered by an original, peer-reviewed DAG consensus protocol that was presented at an ACM conference and integrates the Substrate stack for the smart contract layer. The platform's unique characteristics include high speed, scalability, and a set of privacy-enhancing features based on secure multi-party computation research. For more information, please visit: https://alephzero.org/

SOURCE: Aleph Zero