BBT Staking — Upgrading Smart Contract with New Features + 1 Month Interest to All who Staked BBT so Far
Thank you for Making BBT Staking a Huge Success
First and foremost BitBookers THANK YOU for making BBT staking such incredible success! At the time of writing 30% of the total supply of BBT is locked in the staking contract and earning rewards. The APR at the time of writing was just over 7% for staking BitBook tokens.
🍾⅓ of the Total Supply of BitBook is LOCKED in Staking!! 🥂🥂
BBT staking has been live for one week. The contract was audited by Quill Audits and is 100% secure, once we launched it, we got a ton of feedback from you, we not only listened but also have taken action to improve BitBook Staking even more.
In order for us to launch new features, as you may know, once a smart contract is deployed it cannot be changed afterward. We will deploy a new contract with all the improvements you have requested plus we will give you a full month of staking rewards via airdrop, even though you will not have staked for that long yet!
New & Improved Smart Staking Contract to be Deployed ASAP
To pay the current rewards out, quickly and easily we will take a snapshot of the current contract and airdrop rewards to everyone for 1 month. Even though we will deploy the new contract quicker than one month. So, this means you will receive a full month of rewards + and all the new features listed below!
The new BBT staking contract will be deployed with the following improvements
- Rewards will be paid out in accordance with a block number in the contract rather than every 24 hours
- A feature to manually compound your interest will be added so you can optimize your returns
- You will be able to claim your BBT rewards that you have earned WITHOUT unstaking your original staked BBT
Once we have the new Staking contract finished and online, the unstake penalty will be turned off and you can simply unstake and restake it in the new contract (takes around 20 seconds).
More information about the coming airdrop will be published next week, subscribe to Medium and turn on notifications to get it first.