This staking program appears to have been the primary driver of the token’s surge in trading volume, propelling $FAR to the second spot in ByBit’s trading charts. Users can earn up to 60% in rewards, with varying APRs, depending on the staking duration.
The platform allows users to monitor their total rewards in real-time, with APRs that vary based on the length of their staking commitment. This flexible staking model has created an attractive proposition for both short-term traders looking to capitalize on quick gains and long-term holders seeking sustainable returns.
At the time of publication on Sept 26, the price of the FAR token had climbed to $0.0084, gaining more than 20% within 24 hours of the staking rewards announcement. With plans to expand its presence on more exchanges in the coming months,…
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