210 Million MTT Token Rewards, Node Creation is About to Start
News 2024-12-31
As of December 23, MTT Sports has held 11 weeks of competitions, attracting nearly 250,000 participants worldwide. With the enthusiastic participation of global players, MTT Network, as its blockchain infrastructure, has also reached a milestone in its development.
In order to achieve a widely decentralized node architecture, MTT Network plans to launch the MTT Validator Protocol (referred to as the "MVP Plan") on January 1, 2025.
The plan aims to build a decentralized network node that allows all MTT token holders to participate. At the same time, the launch of the MVP plan also means that there is a new way to obtain MTT tokens.
Prior to this, users could only obtain MTT tokens through MTT Sports competitions.
Specifically, users can participate in the MVP program through node creation and delegated staking, and share the corresponding benefits.
Among them, in terms of node creation, users participate in the production, proposal, and verification of block signatures by staking a certain amount of 10,000 MTT tokens.
Node creators can earn gas fees from the network, block rewards, and agency fees from other delegated stakers. Users can start to receive rewards from the day of staking, and the rewards received will be automatically deposited into the staking wallet.
It is worth mentioning that the block rewards are particularly generous. The total amount of MTT Network tokens is 2.1 billion. According to the white paper, 10% (210 million) of them will be used as block rewards, and it is planned to be halved every four years. This means that the number of tokens produced in the first year will be very considerable, providing generous returns for early participants.
With 30,000 daily active users, 250,000 entries, and a record of 6.98 million total transactions, MTT Network and its on-chain super app MTT Sports have demonstrated their market potential and room for growth in just 2 months.
From January 1, 2025, users can log in to mtt.network and enter the "nodes" page to create nodes and delegate staking to share the benefits brought by the event and platform development.
From MTT Sports official NewsNews