The Autonio Foundation is launching the long-awaited shakeup of its staking model in a bid to offer more users than ever before access to staking rewards, cost-free premium trading features, and a say in governance.
The revamp, which comes in direct response to community demand, follows months of careful internal consideration and consultation with industry experts on the best way to help our users generate more income and share in Autonio’s growth.
So what’s set to change?
First of all, everyone will be able to stake their NIOX.
We are ditching the single-tier model, which required users to stake a minimum of 300,000 NIOX tokens to earn any returns on their deposits, in favour of a multi-tier configuration with no minimum deposit requirement.
Now every user will be able to earn NIOX, right from the very first token staked. And as their holdings rise and qualify them to join higher tiers, they will unlock whole new sets of benefits.
These benefits include:
- Cost-free access to our tools and services--both the current suite and our soon-to-be-launched high-end algorithmic investment tools
- A share of trading fees generated on Autonio’s ecosystem
- A voice in the future direction of the Autonio Foundation
Staking is an efficient way for members of the crypto community to demonstrate their confidence in a project, one that also generates financial returns and the valuable, though less tangible, reward of being part of future success.
The new model will be divided into four tiers: Standard, Premium, DAO Member,
and DAO Member +.The required stakes to qualify for different tiers are set out below:
- Standard: 0 - 50k NIOX
- Premium: 50k - 150k NIOX
- DAO Member: 150k - 300k NIOX
- DAO Member+: 300k NIOX and above
In an effort to keep things simple and safeguard against token inflation shock, the DAO has agreed to the following measures:
- First-time stakers must lock their tokens for a minimum of three months.
- Reward distribution will occur at fixed 90-day intervals.
- The model will include an auto-compounding feature with a 30-day interval.
- Rewards will accrue over a 12-month period, beginning in September..
How can you join in?
We will soon be launching our brand-new Autonio Suite Dashboard, the stakers’ gateway to Autonio’s intelligent trading tools. It will allow users to stake tokens, activate tools, and gain access to different tiers as their stakes rise, unlocking benefits such as cost-free access to all current and future premium features and functions of Autonio’s suite of products and tools.
The main dashboard will also offer users a dynamic overview of usage statistics, even while using products. DAO members, meanwhile, can use this intuitive new interface to create, consider, and vote on governance and treasury proposals affecting the project.
The staking contracts that will underpin the new model are already built and running in a closed beta. Once they have successfully passed this trial, testing will expand to the entire DAO. As a final step to ensure quality control, the contracts will be audited by an external entity.
A robust and inclusive staking model is critical to the long-term success of Autonio. By allowing all our users to invest in our future, we believe we are one giant step closer to realizing our vision of building a thriving and prosperous algorithmic trading community.
Autonio Foundation is a decentralized autonomous organization built around developing accessible, easy to use and affordable trading tools and services for the DeFi ecosystem.
Autonio is building a prosperous community around algorithmic trading by democratizing access to intelligent automated trading tools and infrastructure. These tools make it easier for crypto traders to conduct trading analysis, deploy trading algorithms, exchange crypto currencies, sell their strategies and pool funds for trading purposes, all with profitability, security and ease.