A breakthrough for MNT node holders

[PRESS RELEASE – Kingstown, Saint Vincent and the Grenadines, August 27th, 2024]

Minute Network Token The team is excited to announce two new initiatives that significantly improve its node holder rewards program.

First, the proportion of Epoch rewards allocated to node holders has been increased from 60% to 70%, and this additional 10% is excluded from the algorithmic burning process.

Secondly, all node holders will share a specific reward pool of 37.5 million MNT that will be distributed over the first twenty-four months.

Since Switching Nodes require a minimum stake of 50,000 MNT and Validator Nodes require 10,000 MNT, the holder of each type of node can receive incremental rewards of 37,500 and 7,500.

This means that each node is set to potentially return up to 75% of node holders’ initial token holdings over the first two years, which is in addition to the monthly MNT epoch rewards.

MNT’s token director said: “We listen very carefully to the interests of node holders, as they are critical stakeholders to the success of the project. These innovations significantly improve the rewards available to node holders and provide a compelling reason for people to own as many nodes as they can.”

Full details can be found in the MNT whitepaper, accessible at minutesnetworktoken.io/whitepaper.

There are 119 switching nodes and 1069 validator nodes available for staking. Purchasing nodes can be done by visiting portal.minutesnetworktoken.io.

About Minutes Network Token

Minute Network Token (MNT) is a product of Minutes Network Token LLC, a company incorporated in Saint Vincent and the Grenadines, company number 095LLC2022.

Minutes Network Token is the source of this content. This press release is for informational purposes only. The information does not constitute investment advice or an offer to invest.