Avalanche Foundation distributes 10,000 AVAX as rewards for Memecoin Rush's first week of unilateral staking program
Trader Joe has announced that the Avalanche Foundation has released the rewards for the first week of the Memecoin Rush single-sided staking plan, with a total value of approximately $500,000 and a distribution of 10,000 AVAX. The rewards were distributed among 10 pools based on the percentage of the total staking value (TVL) and the token supply at the time of the snapshot. Participants can access the staking pool they participated in to claim their rewards directly, or they can accumulate rewards throughout the entire event.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Pennsylvania lawmaker introduces bill for ‘strategic Bitcoin reserve’
Delhi Police Arrests Key Suspect in Massive WazirX Cryptocurrency Heist
Flash Crash on the Horizon? Bitcoin Traders Eye Critical $64.7K Support
Cup and Handle Pattern Emerges in Crypto: Are Altcoins Ready for Takeoff?