SINGAPORE, Aug. 6, 2023 (GLOBE NEWSWIRE) — Hydra Chain, an open-source proof-of-stake blockchain with a number of unique economic features, has announced an airdrop initiative in which HYDRA coins will be distributed to the top 20 become active users.
“We are committed to progressively expanding both the Hydra community and the number of projects that contribute to the ecosystem. Thanks to the many options available on the network, there is something interesting for everyone! Staking HYDRA yields an attractive 35% APR. Additional earnings are possible with an upgrade to a Superstaker node.
LYDRA (liquid staking asset based on HYDRA) opens up a whole new world of possibilities, such as leveraged staking or yield farming.
Liquidity mining is also possible on the Hydra DEX, with returns of up to 200% and more. For those who are a fan of real business models, DeFi or NFT based Web 3.0 games, there are several projects available in the ecosystem. The airdrop is a perfect opportunity for new users to get acquainted with all Hydra has to offer. We invite you to join us on our exciting journey!” shared a Hydra DAO employee.
To participate in the airdrop and have a chance to become a HYDRA owner, the following steps are required:
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Winners will be determined by August 11th. Twenty participants who meet all the conditions will each receive 45 HYDRA coins. It’s worth noting that the Hydra network employs inflationary/deflationary economics, including stable gas fees in USD equivalents, 50% gas royalty fees for smart contract creators, and 100% burning of remaining transaction fees. Additionally, the Proof-of-Stake chain offers a beneficial staking program that allows HYDRA coin holders to earn up to 35% in annual rewards.
In addition, the Hydra chain provides favorable conditions for the creation of new projects within the ecosystem. Decentralized projects such as LockTrip, ChangeX, Sugarverse, GoMeat and others are already building on the Hydra blockchain.
The story goes on
For reference
Hydra chain is an innovative Layer 1 blockchain that offers unique benefits to both the community and project developers. Thanks to the Proof-of-Stake mechanism, HYDRA holders benefit from an annual percentage rate (APR) of 35%, which adds up immediately.
social links
Twitter: https://twitter.com/hydra_chain
Telegram: https://t.me/hydrachain
media contact
Brand: Hydra Chain
Contact: media team
Email: [email protected]
Website: https://hydrachain.org/
SOURCE: Hydra chain
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