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AIWayfinder Launches Staking for PRIME Tokens, Over $100 Million Staked in 24 Hours

Jun 6, 2024, 01:12 AM

The @AIWayfinder contracts have gone live, allowing users to stake $PRIME tokens in exchange for $PROMPT, the Wayfinder token. Within the first 24 hours, over $100 million worth of $PRIME tokens have been staked, representing nearly 14% of the circulating supply. The average weighted time-locked deposit duration is approximately 331 days. Notably, significant deposits include $1.8 million locked for three years by @dingalingts and 600K $PRIME by the core @ParallelTCG team. Additionally, over 3M+ $PRIME tokens, equivalent to $60 million, were deposited early on, with nearly 10% of the circulating supply cached in the first 20 minutes. The staking initiative has garnered substantial interest, with 40% of the $PROMPT token supply allocated to stakers. The @AIWayfinder project aims to leverage AI to transform the crypto space, with many seeing it as a promising AI x Crypto protocol. $PRIME saw a 0.3% increase in value following the staking event, with $50 million worth of $PRIME staked in a single day.