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DUO Plan to Launch Staking Economy Program
Yang 21
One of DUO’s vision is to build a long term and sustainable global community who are excited about tokenized crypto deriatives. To elaborate the staking mechanism of DUO token, we need to understand oracle first. DUO network will start from private oracle system and eventually migrate to POS decentralized oracle system.
DUO token holders can stake their tokens for each price feeder and earn DUO token as reward. Afterwards, price feeding node will be open for DUO token holders. DUO holders can participate into the price feeding system and the whole system is to be secured by POS mechanism.
We want to leverage the token reserve of marketing and community sector to incentivize alll community members to participate in the staking program and make closer connections with the project via DUO tokens. Staking helps us to groom and grow a strong DUO community together with DUO project development
The purpose of staking is to achieve decentralized governance by enrolling as many as participants as possible, not just big players. Over the time, as our oracle mechanism evolves, staking program will also improve the reliablity of underlying price fixing, enabling a more robust marketplace for tokenized crypto derivatives.
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