Ares becomes one of the biggest staking projects, 50% of its circulating supply staked
We are becoming an extremely important Oracle project for Polkadot ecosystem and without many influencers, Ares showing its popularity in the Polkadot ecosystem and becomes more sufficient. We launched staking no more than 2 weeks ago and our community engaged very well to our staking which is a sign of trust and commitment to what Ares is building.
According to current data in our staking platform, 50% of circulating supply (68m) is staked as we know Polkadot has 60.87% of its circulating supply is staked it appears we are on the right track as an Oracle Service of Polkadot ecosystem.
Crypto Staking is a process that helps hodlers to gain benefits while their token is locked in a wallet “hodlers” gains certain annual interest from locking their token and taking these tokens from out of circulation.
Until now, Ares has more than 5k HODLER and a significant amount of these now committed their $ARES tokens to staking. Hodlers are adding more $ARES to their portfolio simply locking their tokens to our staking platform who seeks a long-term gain without considering market dynamics. Staking will benefit hodlers to gain more $ARES regardless of price condition and now the APY is %22. Considering we are in a bull market we are quite happy with Aresians commitment.
We believe when Ares provides vital services to other projects whilst also Inking contracts for DApss, it will bring much more value to our holders.
Our team is committed to providing its services to other projects whilst also Inking contracts for DApps which will bring much more value to our hodlers.
About Ares Protocol
Ares is an on-chain verifying oracle protocol powered by Polkadot. It provides reliable off-chain data efficiently and in a trustless manner. Ares is built on Substrate and constructed as a Parachain to link to Polkadot’s ecology and share its security consensus. It is a scalable oracle network that provides decentralized data services to the Polkadot ecosystem and its Parachains.
Telegram Group: https://t.me/Aresprotocols
Telegram Channel: https://t.me/aresprotocol_announcement
Website: https://aresprotocol.com
Twitter: https://twitter.com/AresProtocols
Medium: https://aresprotocol.medium.com/
Github: https://github.com/aresprotocols
Discord: https://discord.com/invite/gWGG63zJVk
