🔒 Ensuring Storage Service Reliability with Staking Periods 🌐 To maintain the reliability and availability of storage services, a critical policy is in place regarding staking periods -

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Here's what you need to know! 👇 💡 Storage providers who stake their tokens are subject to a minimum staking period. This means they can't just withdraw their tokens on a whim. Here's how it works: 🚀 Upon deciding to withdraw (a process termed "Retire"), providers can initiate the process immediately. But, there's a catch... 4/ ⏳ The actual withdrawal of tokens is only possible after a 3-month period following their "Retire" request. This equates to a total lock period of 3 months for their tokens. 🛡️ Why this policy? It's all about commitment and network stability. This precaution prevents sudden, large-scale token removals which could disrupt file availability and user experience. 🚨 Important Update: This 3-month lock period policy is effective for transactions post-Jan 16, 2024, at 4:45 UTC. ⏪ For context, transactions before this date were subject to a longer lock period of 6 months. 📌 In summary, this staking policy reinforces a stable and reliable network, ensuring that storage services aren't compromised by abrupt token withdrawals.