Post
Topic
Board Announcements (Altcoins)
Re: [ANN] Friendshipcoin2| FSC2 | FSC with PoS
by
cheetah3
on 08/01/2015, 08:43:27 UTC
How do you work pos?

once you get coins in your wallet you wait for 1 hour and they will mature and start to stake.  After some time you will earn more coins at the rate of 10% per year.


how often?

network blocks should refresh every minute.
Each active wallet (daemon) is a part of main network.
Each wallet will get calculated profit several times per day (or hour) depending on active Proof-of-Stake (PoS) amount and coin age
(how long wallet is online and how long coins are active for PoS).

Profit is 10% yearly from active PoS amount.
Sample: if you have 1000 FSC2 and your wallet all the time online you should get 100 FSC2 as total profit.

By default wallet selecting total amount in wallet to work as Proof-of-Stake.
You can set amount you want to have in wallet always to spend/exchange [Settings->Options->Main->-> Reserve].
Reserved amount not working as PoS and available to spend.

Sample: you reserved 500 FSC2 and other 500 FSC2 wallet can use as PoS (10% from 500 is 50 FSC2)
In this case you can anytime use any amount from 500 but other part in active network to get 10% yearly profit.

You can remove reserved PoS amount back anytime, and they appears spendable during 1 or 2 hours.