{"id":1471,"date":"2022-02-14T08:00:00","date_gmt":"2022-02-14T07:00:00","guid":{"rendered":"https:\/\/dovu.earth\/?p=1471"},"modified":"2022-02-22T18:16:51","modified_gmt":"2022-02-22T17:16:51","slug":"staking-beta-phase-1","status":"publish","type":"post","link":"https:\/\/dovu.earth\/ja\/staking-beta-phase-1\/","title":{"rendered":"DOVU Staking Beta – Phase 1"},"content":{"rendered":"

Background<\/h2>\n\n\n\n

Staking has been in the works for some time<\/a>. We want to incentivise people to move to the Hedera<\/a> network, where its tech merges seamlessly with our vision. <\/p>\n\n\n\n

Why Staking Beta? <\/strong><\/h2>\n\n\n\n

DOVU Staking Beta will help us test several aspects of the system such as engineering, user experience and functionality.<\/p>\n\n\n\n

It will give us the opportunity to receive user feedback on design, usability and features – in order to fix bugs and make improvements before the official launch. <\/p>\n\n\n\n

It\u2019ll also create awareness ahead of the full launch. We want people to be as excited about this project as we are.<\/p>\n\n\n\n

What is staking?<\/strong><\/h3>\n\n\n\n

Staking is a process that rewards holders of staked tokens for keeping their tokens in a staking pool. The incentive for the token holder is relatively simple; they gain rewards such as additional tokens or governance rights. In this sense, it\u2019s a bit like a traditional bank account that pays interest on money that\u2019s kept in the account. <\/p>\n\n\n\n

The incentive for the project is that it provides Proof of Work. So, transactions on the blockchain provide verification for new blocks being created, rather than through energy-intensive mining. It\u2019s a bit like having a guarantor – as you might have for a lease agreement or loan.  <\/p>\n\n\n\n

How will it work?<\/strong><\/h2>\n\n\n\n

Interested token holders sign up to the waiting list<\/a>. Phase 1 waitlist has now closed. For each beta phase, we’ll select a group of users.<\/p>\n\n\n\n

Beta testers will migrate DOV tokens, signup to the Carbon Marketplace<\/a> and connect their MetaMask<\/a> wallet with their \u30f4\u30a7\u30f3\u30ea\u30fc<\/a> counterparts. At this point, users can start earning tokens.

They’ll also be invited into exclusive feedback channels, where they can provide feedback on an ongoing basis. <\/p>\n\n\n\n

Beta users will be the first to get access to high yield, compounding DOV token rewards, and will be able to stake their tokens for longer.<\/p>\n\n\n\n

What is the timeframe?<\/strong><\/h3>\n\n\n\n

Our plan is to stagger onboarding across three phases, with the number of people who can sign up to the waitlist<\/a> increasing at each phase:<\/p>\n\n\n\n