The Revenue Share Proposal at Hord has been approved overwhelmingly by token holders who have voted on the issue. The proposal was designed to provide an additional incentive for users to buy and hold HORD tokens. It aligns with Hord’s commitment to creating a user-centric and rewarding experience.
50% of Hord’s platform income, starting the 1st of November, will be stored and allocated towards the perpetual staking farms, which will launch slightly afterward. The funds will be used to buy back HORD tokens, which will then be distributed as revenue share. Users who stake their HORD tokens will earn a share of 50% of the income generated by validators. Users can unstake their HORD tokens at any time and keep whatever they earn until that time.
We believe that this mechanism will not only benefit our users but also help us to achieve our long-term goals. We are confident that Revenue Share will further drive the growth of Hord and provide a rewarding experience for our users. Thank you for your continued support.
Stay tuned for more significant upgrades, Hordlers!