Acent ($ACE) stakers under the Metaweb Governance can now check their earnings in their cryptowallets. They’ll find EDAO, plus the additional $ACE rewards from the UBI pool, are already reflected. From here on, metacitizens are now able to take full advantage of earnings in the coming days as they monetize their $ACE or participate in the governance system of the metaweb.
The following are some of the benefits for choosing to stake your $ACE under the Metaweb Governance feature of the DAPPX platform.
When you stake a minimum of 3,000 $ACE you automatically earn EDAO tokens – an ARC-20 governance and utility token in the YED metaverse. Every $ACE staked, gets you an equivalent EDAO compensation token per year, calibrated per minute. As an EDAO token holder, you are entitled to receive contribution compensation from the entire ecosystem fee collected in the Universal Basic Income (UBI) pool and the Metaweb Incubation Fund, plus other NFT benefits – but only if you stake it.
By pledging your EDAO tokens, you will earn incentives from the Metaweb Incubation Fund limited to a 6-year period, as well as permanent $ACE profits from the UBI pool as long as you stake your EDAO tokens. It is expected that as more people avail of the EDAO incentives, the greater the anticipated increase in the $ACE value.
With EDAO tokens, you may participate in the key governance voting system of the YED. If you want to know more about EDAO tokens and how they empower users through governance, read the sub-chapter on Decentralized Autonomous Organization (DAO) of the Acent Whitepaper 2.0.
EDAO tokens are designed to be tradable on the Acent DEX. Availability of this feature to the public will be announced later in the community updates.
The distribution of benefits among metaweb users is being strengthened to facilitate the mass adoption of this new decentralized gamified web service. The metaweb would continue to deliver blockchain apps with high impact and utilization, including play-to-earn games, and a metaverse platform that would share the goals of a decentralized autonomous organization.
Follow them on these channels to gain early influence!
This is not financial advice and is strictly for educational purposes.