SpaceCoin has launched its SPACE token staking program, offering a 10% annual percentage yield (APR) for a limited time. Announced on March 15, 2025, this initiative marks a significant step for the decentralized satellite internet project, aiming to enhance network participation and token utility. The program is exclusive to SPACE tokens on the Creditcoin blockchain, leveraging its cross-chain interoperability and security features.
The staking program includes smart contract audits, multi-signature wallet requirements, and a phased reward distribution, with initial payouts set for April 2025. SpaceCoin's approach combines blockchain technology with satellite internet infrastructure, aiming to provide resilient global connectivity. The project plans to deploy 24 satellites by 2026, supported by a network of ground stations and blockchain validation nodes.
SpaceCoin's decision to use the Creditcoin chain is based on its ability to handle secure cross-chain transactions and reduce staking operation costs. The program's limited-time nature is expected to drive initial participation, offering competitive yields compared to traditional savings accounts and other cryptocurrency staking opportunities.
SpaceCoin Launches 10% APR Staking Program on Creditcoin Chain
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