SIGN Promotes Decentralization with 'Orange Basic Income' Program

SIGN's 'Orange Basic Income' program is a significant development in the DeFi space, as it aims to promote decentralization and user control. The initiative rewards holders who move their tokens to self-custody wallets, rather than leaving them on centralized exchanges.

The program allocates up to 25 million SIGN tokens for Season 1, with 9 million reserved specifically for holding rewards. Tokens held on exchanges or locked in third-party platforms do not qualify for the rewards.

SIGN's 'Orange Basic Income' is a break from traditional staking models, which promise fixed percentage returns. Instead, the program uses a time-based formula to track on-chain balances and favor wallets that commit to holding through volatility.