AthleteFi Validator Goes Live on Harmony Network: A Milestone for SportsFi

 AthleteFi proudly announces a significant milestone in its mission to revolutionize youth sports through Web3 innovation.

The AthleteFi Validator is now live on the Harmony Network, marking a significant milestone for AthleteFi, the SportsFi protocol, as it progresses toward its 2025 launch. This achievement enhances AthleteFi’s ecosystem and provides community members with a unique opportunity to actively contribute to the protocol’s success while supporting the Harmony blockchain.

What This Means for Stakeholders

Staking with the AthleteFi Validator offers participants the chance to earn rewards while supporting two key initiatives:

  1. Earn Staking Rewards in ONE Tokens: Stakers receive rewards in Harmony’s native ONE tokens, making participation both impactful and rewarding.
  2. Harmony Recovery Burn Initiative: Your staking directly supports Harmony’s recovery strategy, as funds received by the validator will be used to burn depegged assets.
  3. Enhanced Yields for Stakers: Delegators help generate increased native yields for AthleteFi protocol stakers, fostering deeper SportsFi growth and ensuring the success of the AthleteFi ecosystem.
  4. Qualify for the $ALFI airdrop and secure one of the exclusive Alfi NFTs: Reserved for the first 400 delegators! (Airdrop distributed after Season 1 of TGE concludes).

Significance of This Milestone

The AthleteFi Validator combines decentralized finance (DeFi) with social impact and accelerates our vision for SportsFi. Operated by the AthleteFi DAO, this validator empowers the community to actively participate in governance and the protocol’s success. Stakers not only support Harmony’s infrastructure and earn yields but also drive AthleteFi’s mission to empower athletes and coaches through blockchain technology.

This launch highlights AthleteFi’s commitment to expanding its presence in the blockchain ecosystem, fostering growth and innovation in youth sports.

How to Participate

To join this initiative:

  1. Visit the AthleteFi Validator page on Harmony.
  2. Stake your ONE tokens.
  3. Start earning rewards while supporting a protocol that combines Web3 innovation with social impact

Stake with the AthleteFi Validator now at: https://staking.harmony.one/validators/mainnet/one1xazgn47pqv5ewh8aqercl3ptl7t4yhgpjryjer

Past and Present

A special thank you goes to Repegging Node and Hound, the pioneering burn partners of the Harmony blockchain. This milestone would not have been possible without their unwavering support, expertise and commitment to the Harmony ecosystem.

In alignment with Repegging Node’s mission, the AthleteFi Validator will continue burning the same amount in validator commissions as before, now managed by the AthleteFi team. Additionally, all future commissions will be allocated between burning and enhancing yields for AthleteFi $ALFI protocol stakers. AthleteFi will provide monthly updates on these initiatives.

Building the Future Together

AthleteFi’s mission is to become the leading Web3 marketplace connecting young athletes with vetted coaches, promoting skill development, and empowering growth for coaches’ businesses. Our vision is to revolutionize youth sports by leveraging blockchain technology to create a global, decentralized ecosystem that celebrates achievements, fosters community, and drives continuous innovation.

About AthleteFi

AthleteFi is a Web3-powered athletic service and education marketplace connecting athletes and coaches. We’re pioneering a new SportsFi and Real World Services (RWS) era in the sports industry.

🌐 Visit us at AthleteFi.com

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