Attention all Block Stakers! Important updates to reward distribution rules

XPort Lab
2 min readApr 11, 2024

Greetings, fellow BLOCK Holders!

We are thrilled to announce some significant changes to the reward distribution rules for BLOCK stakers. These modifications aim to enhance the overall staking experience and elevate the value proposition of BlockPort.

Effective immediately:

  • Reward Distribution Frequency: Block rewards for all staked BLOCK tokens will be distributed weekly on Mondays instead of daily.
  • Bonus Rewards: In addition to standard payouts, stakers will also receive bonus rewards in the form of popular KDA tokens from KleverChain.

Benefits of the New Reward Distribution System:

  • Enhanced Investment Attractiveness: Weekly payouts of a larger sum compared to daily micro-transactions will make staking BLOCK more appealing. This approach effectively demonstrates a substantially higher annual yield, positively impacting the project’s image.
  • Transaction and Time Efficiency:
  • Reduced transaction volume will lead to lower commission expenses.
  • Weekly payouts will enable team optimization, saving time and boosting efficiency.
  • User Convenience:
  • Weekly payouts will align better with your schedule.
  • Eliminates the need for daily reward tracking, simplifying the reward collection process.
  • Enhanced Communication:
  • Bot settings will be adjusted to notify the community about any pool top-ups throughout the week.

Unwavering Support:

  • For any questions or concerns, please reach out to us.
  • We are always here to assist you!

Sincerely,

The BlockPort Team

P.S.

These changes are meticulously crafted to refine the staking experience for BLOCK holders and elevate BlockPort’s value.

Stay tuned for exciting updates!

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