$ARGO Staking is LIVE!

Spheron Network
3 min readJul 29, 2021

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#ArGoApp #Spheron

Following our successful #ArGoV2 launch & big integrations with Namebase & Skynet, we are thrilled to announce our ๐—ฆ๐˜๐—ฎ๐—ธ๐—ถ๐—ป๐—ด ๐—ฅ๐—ฒ๐˜„๐—ฎ๐—ฟ๐—ฑ๐˜€ ๐—ฃ๐—ฟ๐—ผ๐—ด๐—ฟ๐—ฎ๐—บ. The initial Spheron (previously ArgoApp) rewards program is designed to provide robust incentivization for the $ARGO community ahead of our upcoming Mainnet launch.

Users can participate in our amazing loyalty program in the following ways

> You can stake either $ARGO Token or

> UNI-LP token of $ARGO-WETH on Ethereum or

> DFYN-LP token of $ARGO-WMATIC on Polygon

Please follow this link to stake your $ARGO tokens

https://incentives.argoapp.live

A total of 3,629,600 $ARGO is allocated towards this rewards program. Participants will be able to claim their rewards by the end of each epoch (7 days). Earlier participants will earn higher rewards. The rewards program will end after 52 weeks.

Reward Distribution Key points:

  • Rewards are distributed as $ARGO tokens.
  • Total reward is 3,629,600 $ARGO (907,400 per pool-divided into 4 pools)
  • Allocated rewards will decrease for each sequential epoch.
  • Rewards will be distributed at the end of each epoch (7 days), to be shared in % proportion to a userโ€™s contribution to the pool.
  • Staking will only be available through the official Spheron (previously ArgoApp) Staking Portal
  • Staking rewards are calculated using the following formulae.
#ArGoApp #Spheron

Hereโ€™s a video on How to Stake your $ARGO tokens

When can I withdraw my tokens from the $ARGO staking portal?

Users can withdraw their $ARGO tokens or their UNI-V2 LP tokens from the $ARGO staking portal at any time by visiting the Spheron (previously ArgoApp) Staking Portal and removing your stake.

Step 1: Visit the Portal

Step 2: Connect your wallet

Step 3: Withdraw your deposited tokens from the respective pool by mentioning the amount, clicking on โ€˜Withdrawโ€™, and submitting the transaction.

Summary of $ARGO Staking Rewards Program:

Please note that you are responsible for making sure you are providing liquidity properly โ€” the Spheron (previously ArgoApp) team canโ€™t help you track down misplaced assets. Please ensure you use a compatible wallet for $ARGO ERC-20 tokens. We recommend MetaMask.

What Spheron (previously ArgoApp) does

Spheron (previously ArgoApp) makes front-end web deployment easy, effective, and efficient through its blockchain-based platform that takes your web app to the DSNs (Decentralized Storage Networks). Spheron (previously ArgoApp) removes the hurdles of centralization and censorship through blockchain, ensuring that your web app is permanently deployed and experiences 100% uptime throughout its life.

Join our Telegram channel: https://t.me/argoofficial

Join our Discord group: https://discord.gg/46XgDjKzH2

Follow us on Twitter: https://twitter.com/argoapplive

Follow us on LinkedIn: https://www.linkedin.com/company/argoapp

#ArGoApp

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Spheron Network
Spheron Network

Written by Spheron Network

Simplify your Web3 infrastructure with Spheron Network - the versatile platform that offers seamless storage, web hosting, and compute capabilities.

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