Ethos, an on-chain reputation protocol, launched "The Decision" event, allowing users to choose to exchange XP for NFTs or stake them.
TL;DR
Ethos Network launched 'The Decision' event, giving users 21 days to choose: exchange 50% XP for NFTs (rewards in Q2) or stake 50% XP with validators to earn more XP, with a 20% XP penalty for inaction. Staked XP is refundable but risks loss if validators are slashed, and NFT value adjusts based on XP burned.
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According to Foresight News , Ethos Network, an on-chain reputation and credibility project, has announced the launch of its new event, "The Decision." Users can choose to use 50% of their Experience Points (XP) to redeem NFTs, with rewards distributed at the end of Q2, or stake 50% of their XP with validators to earn more XP in Q2. If no action is taken, Experience Points will be reduced by 20%. Users have 21 days to make their choice.
This NFT is not a validator NFT; the two are different. The NFT's value will be adjusted based on the amount of XP burned. Staken XP will be refunded at the end of the second quarter, but users should be cautious, as they may lose XP if validators are slashed. The maximum staked XP per validator is 10 million to ensure the network is sufficiently decentralized.