Ontology Network Slashes Minimum Stake Requirement to 1 ONT Ahead of Protocol Upgrade
btcmanager.com
The Ontology Network will on July 7, 2020 upgrade and drastically improve its governance and staking economic model. After the mainnet upgrade, the number of coins required for staking—and therefore participation in network governance (through delegation to a candidate or consensus node), will be reduced from 500 ONT to 1 ONT.
Meanwhile, for candidate nodes seeking to participate in the network consensus, the number of coins needed for staking has been slashed from 100,000 ONT to 10,000 ONT. Besides, the activation of this staking model will reduce the unbinding rate of the Ontology Gas (ONG) coin thereby increasing circulation in line with their primary market circulation principle.
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