Is There a Staking Reward for SWRM Coin?

Staking is a critical part of growing our network infrastructure, so we are implementing a minimum 20,000 SWRM staking requirement for new Hive node operators. This mechanism is designed to work alongside performance rewards to ensure that Hive nodes are committed to the long-term success of the network and will continue to improve the stability of the Hive.

Beginning in June 2021, 2% of the total supply is to be minted and distributed over 12 months to those who stake their $SWRM. The resulting total supply after 1 year will be 500m SWRM. You do not need to run a Hive node in order to participate in staking, however, you do need to stake $SWRM in order to earn performance rewards as a Hive node.