As promised to our community, UniSat has purchased 500,000 FB from the market and staked the full amount under FIP-101 Index Mining โ a new Fractal initiative that introduces standardized, permissionless data indexing and rewards operators and stakers for supporting the network's indexing infrastructure.
๐ธ The staking wallet holding 500,000 FB is now live with the Fractal Official Indexer: bc1qhuplp0f8n08fv4c86tdwl5lc8h30wyhmjda5hd
๐ค๏ธ What happens to the rewards?
Block rewards earned from staking will be distributed back to UniSat product users, including UniSat Marketplace and UniHexa.
Since rewards accumulate block by block, we'll let them build up before the first distribution โ currently expected in June.
For more on FIP-101 and how staking works, see the post below. ๐
โจ FIP-101: Public Testing is Now Live
Public Testing Stage 1 for Index Mining is activated, you may now stake with Fractal Official indexer and earn block rewards. Join to support a permissionless data network!
๐ A few key things to know:
โข Fractal block reward: 25 FB
โข For every 3 Fractal blocks, 1 block is produced by Index Mining
โข Public Testing activation block: 1,764,000. Rewards start distributing from this block.
โข In Public Testing Stage 1, Index Mining rewards follow a phased release schedule โ starting from 30% (7.5 FB/block) and gradually increasing to 60% (15 FB/block)
โข Index Mining rewards are not immediately claimable โ a 7-day settlement cycle applies
โข During Stage 1, Fractal will operate as the sole Indexer, and staking is open to all addresses
Non-custodial staking. Unstake anytime!
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