Avoids punitive slashing and token lockups, maintains web3’s lowest costs for node runners with real-time reward payments

SINGAPORE, Jan. 23, 2025 /PRNewswire/ — Staking rewards have arrived on the Algorand blockchain. The Algorand Foundation announced today that, after this week’s consensus mechanism upgrade, ‘block rewards’ are now being paid, in real-time, to validators successfully proposing blocks to the Layer-1 blockchain. The rewards begin at 10 ALGO per block and will decay by 1% every millionth block. Validators also receive 50% of the transaction fees of the blocks they successfully propose. More information about this upgrade and “Algorand 4.0” can be found here.

Algorand’s staking program is unique in the industry. Rewards are paid out in real-time and, unlike the staking setups on Solana, Ethereum, and other chains, participants are not threatened by slashing nor subject to restrictive token lockups. Node runners continue to have full access to their funds at all times. Also, compared to other popular currencies like ETH and SOL, Algorand’s staking rewards are not inflationary and don’t impact the total supply of ALGO.

“While staking on Algorand is highly inclusive, it’s highly secure as well,” said John Woods, CTO of the Algorand Foundation. “Algorand uses advanced cryptography that makes it unnecessary to put user funds at risk of penalty or loss – their ALGO does not need to be delegated to other parties or locked up to be used to secure the network.”

“Any time we interact with a blockchain – whether through a dApp or an enterprise platform – that action is made possible because of the network running it,” said Staci Warden, CEO of the Algorand Foundation. “The nodes on the Algorand blockchain secure corporate supply chains, online credentials, and digital identities. They make it possible to send aid payments around the world, and to tokenize and exchange real-world assets, all in a decentralized system. The Algorand blockchain does not fail. The Algorand blockchain will never fork. And, now, Algorand will also offer inclusive, robust, and future-proofed staking.”

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There are multiple ways people can participate in securing the network and earn staking rewards. For DeFi users, liquid staking is available from Folks Finance, Tinyman, Messina, and CompX; there is a consensus staking pool on Pact, with other staking pools available on Réti; and delegated staking is available from Valar. ALGO staking will be available on other centralized exchanges later this year. Users can also run their own Algorand node. 

The rollout of staking rewards marks the end of a banner year for the sustainable Algorand blockchain, including:

• Hitting its 2 billion transaction mark in July, driven in large part by the growing transactions of major projects and partners including World Chess, as well as increasing DeFi and TradFi activity.
• A significant increase in the number of developers, according to Electric Capital.
• The migration of several startups and companies to Algorand from chains like Ethereum, such as Finboot and ZTLment, citing that developing blockchain products is 600% faster on Algorand than with Ethereum/EVM chains.

About Algorand Foundation 
Algorand’s mission is to power a world where information has integrity and innovative ideas can scale. The Algorand Foundation supports Algorand’s rapidly growing ecosystem by providing a best-in-class developer environment, supporting key infrastructure and setting technical standards, offering comprehensive support to builders and entrepreneurs, and providing the framework for decentralized governance.

Launched in 2019, the Algorand (ALGO) blockchain has grown into a vibrant ecosystem of developers, entrepreneurs, and enterprise partners that benefit from institutional-grade certainty and resilience. Its low fees, instant finality, and minimal carbon footprint appeal to the protocol’s millions of retail users, and developers of all kinds appreciate the ability to use common programming languages like Python. Builders on Algorand are creating protocols and companies that solve important problems at a global scale: instant payments in war and disaster zones, self-sovereign identity for the disenfranchised, supply-chain traceability for global commerce, permissionless protocols addressing financial inclusion, and the creation of entirely new markets through tokenization, to name a few. To learn more and start your journey on Algorand, visit algorand.co 

About Algorand (ALGO)
Algorand (ALGO, ALGO-USD) is a cryptocurrency launched in 2019 as part of the Algorand blockchain. The Algorand blockchain is an energy-efficient, quantum-secure, single-layer blockchain with instant finality, consistently high throughput, and low fees. Algorand (ALGO) is currently trading on more than 400 active markets under the tickers ALGO, ALGO-USD, ALGO/USD, ALGO-EUR, and ALGO/EUR, among other currency pairs. It has a limited, deflationary supply of 10,000,000,000 ALGO which will be in full circulation by 2030. More information can be found at algorand.co.

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DUBAI, UAE, Jan. 23, 2025 /PRNewswire/ — Bybit, the world’s second-largest cryptocurrency exchange by trading volume, is excited to share a new milestone in user adoption of the crypto-friendly Bybit Card, now serving over 1 million card holders worldwide. Announcing over 100,000 USDT in rewards through a variety of fun challenges, the Bybit Card has officially kicked off the celebration to welcome new users and thank existing customers.

In less than a year, the Bybit Card has gone from zero to over a million global users, winning hearts and swipes with its seamless integration into the global Mastercard network, user-friendliness, and commitment to making crypto an everyday choice. As crypto adoption continues to rise, more and more users are seeking ways to spend their crypto, and the Bybit Card offers an intuitive solution with simple off-ramp features, attractive perks and cashbacks, and competitive APRs on eligible crypto balances.

To show appreciation for its growing global community, Bybit is offering exciting giveaways in an inclusive celebration from Jan. 23 to Feb 23, 2025. Here’s what’s up for grabs for applicants and users who register for the event:

• Welcome Perk: Successful applicants will receive a virtual gift box along with the virtual card, each containing a small token of thanks in USDT, DOGE, SOL, and other sought-after tokens. Gifts are distributed on a first-come, first serve basis.
• More Sharing, More Winning: Bybit’s regular referral program offers 20 USDT for every successful referral, and new users receive 10 USDT. During this special event, the top referrer will take home a grand prize of 15,000 USDT from the 100,000 USDT prize pool.
• Up to 5% Cashback: Users will get to select one cashback category of their choice and enjoy up to 50 USDT or 5% cashback throughout the event, with VIP users given two categories to diversify their rewards.

“This milestone reflects the growing adoption of crypto payment solutions and our users’ trust in Bybit’s services. We are proud of this incredible achievement thanks to the amazing global crypto community.” said Joan Han, Sales and Marketing Director at Bybit. “We will continue on our mission to spread the love for crypto and support our users as they make memories with the Bybit Card.”

Starting the new year a million strong, the Bybit Card is dedicated to refining crypto-friendly payment solutions for everyday use, enriching the traditional payment system by weaving in crypto options, one transaction at a time.

Registration is required for the event. Terms and conditions apply: Bybit Card – One-Million Celebration

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#Bybit / #TheCryptoArk / #TheBybitCard

About Bybit

Bybit is the world’s second-largest cryptocurrency exchange by trading volume, serving a global community of over 60 million users. Founded in 2018, Bybit is redefining openness in the decentralized world by creating a simpler, open and equal ecosystem for everyone. With a strong focus on Web3, Bybit partners strategically with leading blockchain protocols to provide robust infrastructure and drive on-chain innovation. Renowned for its secure custody, diverse marketplaces, intuitive user experience, and advanced blockchain tools, Bybit bridges the gap between TradFi and DeFi, empowering builders, creators, and enthusiasts to unlock the full potential of Web3. Discover the future of decentralized finance at Bybit.com.

For more details about Bybit, please visit Bybit Press

For media inquiries, please contact: [email protected]

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SINGAPORE, Jan. 23, 2025 /PRNewswire/ — What makes $JU stand out in the competitive world of crypto tokens? In an exclusive interview with Nicolas, the COO of JuCoin, we uncover the strategic vision driving this game-changing token. As the cornerstone of JuCoin’s ecosystem, $JU is poised to transform user experiences and solidify its place as the most promising ecosystem token in the crypto space today.

Interviewer: Nicolas, thank you for joining us today. JuCoin has been making waves in the blockchain space, and $JU is already generating significant buzz ahead of its launch. With so much anticipation, what sets $JU apart and positions it as the most promising ecosystem token in the market right now?

 Nicolas: Absolutely, and thank you for having me. We’ve always envisioned $JU as more than just another platform token—it’s the core of JuCoin’s entire ecosystem. What sets $JU apart is its deep integration across all facets of JuCoin’s ecosystem.

 First, $JU offers unparalleled versatility. It powers token launches, provides transaction fee discounts, facilitates governance, enables staking, and rewards active participants. Additionally, $JU is a gateway to accessing JuCoin’s high-quality ecosystem projects.

 Unlike many tokens that serve a single purpose, $JU seamlessly bridges the gap between being a utility token for users and a valuable asset for ecosystem projects. This multifaceted role ensures that $JU isn’t just a token—it’s the lifeblood of JuCoin’s innovation. We’re confident this level of integration and utility will set $JU apart in the competitive crypto space.

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Interviewer: With so many platform tokens in the market, what makes $JU stand out, and why do you think it will succeed in the long run?

 Nicolas: What truly makes $JU stand out is its unique position within JuCoin’s ecosystem. Unlike many purely transactional tokens, $JU is designed to be a central utility token that fosters long-term value creation. It’s not just about holding a token—it’s about actively participating in the entire JuCoin ecosystem and unlocking exclusive benefits.

 In addition, $JU serves as the native token of JuChain, the blockchain infrastructure we are building to empower the decentralized ecosystem of the JuChain network. This means $JU will have a dual role: fueling the innovation within JuChain’s decentralized framework while continuing to serve as the core asset in the JuCoin exchange. Here, it gives users privileges like transaction fee discounts, governance rights, staking opportunities, and access to high-quality projects.

 Over time, this multi-functional design positions $JU as a true ecosystem token — one that bridges transactional utility, long-term rewards, and governance, ensuring its relevance and success for years to come.

Interviewer: Looking ahead, how does JuCoin envision $JU in the context of its 2025 strategy? What role do you see it playing as the platform grows?

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 Nicolas: By 2025, JuCoin aims to become a global leader in both crypto trading and blockchain development, with $JU positioned at the heart of this transformation. A major part of our strategy is the development of JuChain, an integrated blockchain infrastructure that will support the next generation of decentralized applications, tool innovation, and infrastructure development. As the gas token of this ecosystem, $JU will fuel its growth.

 Additionally, our launchpad will play a critical role in onboarding high-potential projects, and $JU will be the key to gaining early access to these token launches. Beyond that, $JU will integrate deeply into our governance structure, enabling holders to vote on important decisions and directly influence the direction of the ecosystem.

 In essence, $JU is designed to power the entire JuCoin ecosystem—from blockchain infrastructure to decentralized applications and token launches. It serves as the unifying medium, aligning all stakeholders and creating new opportunities for everyone involved. We firmly believe it will be the cornerstone of our success and innovation moving forward.

Interviewer: Finally, for those who are looking to get involved in $JU and JuCoin, what message do you have for them?

 Nicolas: $JU is an opportunity to actively shape the future of the crypto ecosystem. Whether you’re a trader or a project developer, $JU offers a unique chance to participate in something much larger than just a token—it’s about becoming part of an innovative, growing platform.

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 As JuCoin continues to expand and build its ecosystem, $JU holders will be positioned to benefit from everything the platform has to offer. If you believe in the future of blockchain and want to be part of a dynamic ecosystem, $JU is the token to watch.

 For crypto enthusiasts, we encourage you to follow us on our social media channels as we prepare to launch $JU and the JuCoin launchpad in the near future. Stay tuned—it’s just the beginning of an exciting journey.

Follow Twitter: https://x.com/JuCoinex
Join Telegram: https://t.me/jucoinex
Visit the website: www.jucoin.com

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