Open Network launches the staking system.

Bali, Indonesia - May 1, 2023 —

Open Network, a blockchain interoperability protocol, has officially launched its staking program, allowing investors to earn rewards for holding the network’s native cryptocurrency, OPEN.

Open Network was founded in April 2023 and is a sharded blockchain, meaning it connects several different chains together in a single network, allowing them to process transactions in parallel and exchange data between chains without sacrificing security. The company’s vision is to create an intelligent blockchain ecosystem that caters to both developers and investors.

Open Network prioritizes transparency and investor confidence in project development and believes that this plays a crucial role in the lifecycle of a cryptocurrency project. With the introduction of Open Staking, the company is offering investors a chance to earn rewards for their support, while also creating a deeper sense of community and investment in the project.

Through Open Staking, investors can earn up to 500% annual percentage yield (APY) on their holdings of OPEN. Open Staking is a high-yield platform that offers attractive returns for investors, making it an attractive alternative to traditional investment options.

“Open Staking is an exciting opportunity for investors to earn rewards for supporting the Open Network,” said John Smith, CEO of Open Network. “We believe that our sharded blockchain is a unique offering in the marketplace, and we’re thrilled to be able to offer investors an attractive opportunity to participate in the growth of the Open Network.”

Investors can participate in the staking program by holding OPEN in their wallets and staking them through the Open Network website. The rewards are paid out in OPEN, which can be held, traded on Open Swap, or sold on other exchanges.

To support the development of the Open Network, the company has also launched Open Explorer Testnet, a cutting-edge testing environment for the blockchain crypto project. Open Explorer Testnet is a powerful tool that allows developers to test and refine their applications before deploying them to the live network.

Open Network has also launched Open Swap, a platform that allows people to trade digital tokens with each other in a decentralized way, without relying on a central authority. Open Swap is a key part of the Open Network ecosystem, as it enables seamless and secure token swaps between the different chains within the network.

“We’re excited to be launching Open Swap along with Open Staking,” said Smith. “It’s another important piece of the puzzle that will make the Open Network a powerful and secure blockchain platform.”

Open Network believes that the introduction of Open Staking is an important milestone in the company’s journey toward a fully-realized blockchain ecosystem. With the launch of Open Staking, the company is offering investors an attractive opportunity to participate in the growth of the Open Network, while also building a strong and engaged community of investors and developers.

About OpenNetwork:

Open Network is a blockchain interoperability protocol that connects several different chains together in a single network. It is a sharded blockchain that allows for parallel processing of transactions and data exchange between chains without sacrificing security. The company's vision is to create an intelligent blockchain ecosystem that caters to both developers and investors. Open Network prioritizes transparency and investor confidence in project development. With the introduction of Open Staking and Open Swap, the company is offering investors a chance to earn rewards while supporting the development of the Open Network.

For more information on OpenNetwork and its offerings, please visit https://openntwrk.co/ 

Contact Info:
Name: Willy Dun
Email: Send Email
Organization: Open Network
Website: https://openntwrk.co/

Release ID: 89096392

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