Staking as described prior to now has to do with locking ones asset be it flexible or long term staking towards achieving a goal which can be securing the network, voting on DAO, and others. The list goes on and on, but the point is that there is something achievable at the end of the line, but what if instead of securing the network, a said protocol simply created a temporary event to rewards its entire network, crazy and fun right? Well stick with me.
On March 27th, PlatON Network published a never before seen promotional content that goes beyond simply staking to secure the network but rather encompas a medium to reward the entire community of LAT holders and thus it gives me great happiness to introduce PlatON Hong Kong Staking Carnival.
On March 27th, the official account of PlatON Network made a publication on X (previously called Twitter) and it reads,
We're excited to announce the launch of the "Stake $LAT, Win $DUSD " event through the PlatON Wallet Plugin. By staking your $LAT, you can earn $DUSD rewards with an estimated Annual Percentage Rate (APR) of 10%. This event is divided into 3 consecutive Rounds, offering you the opportunity to increase your wealth!
It further goes on to describe the timeline the event will last for while also sharing the various steps to join the event if you haven't prior to now and it reads,
Event Time for Round 1:
Mar.27 14:00 - Apr.3 14:00 UTC+8
Round 1 Reward：2000 $DUSD
How to Participate:
Access the PlatON Wallet Plugin at: wallet.platon.network
Click on the Earn module to enter Staking
Stake your $LAT
Await your block rewards.
The steps are straight forward and self-explanatory, but for those yet to fully grasp the entire content, this is a summary.
Basically, between now till April 3rd, all $LAT holders have a limited time to stake their assets on a desired pool to win $DUSD, this is a stable asset and paired on a ratio of 1:1 to usd, meaning there is no fear of volatility affect ones earning during this period.
The steps to join have been highlighted above and if you are yet to, then this is probably the second best time as early users will likely get the best reward.
The above event is round 1 of others and I urge you to follow PlatON Network, set your notification to ON and get first time view when other rounds come up.