Post
Topic
Board Announcements (Altcoins)
Re: [ANN] [SNRG] Synergy with Turbo Stake | X11 | NINJA! Now in PoW Phase
by
tx42
on 26/05/2015, 07:54:12 UTC
What are the plans for this?  What is Turbo Stake?

I found a description in the readme at github. It looks like it isn't hi-pos:

Quote
The early part of the Synergy PoS period makes use of Turbo Stake, which awards Synergy holders greater interest for every stake. The multiplier is directly used in the reward calculation by multiplying it with the base Synergy interest rate of 10% per year.

Holders build the Turbo Stake multiplier over two days by staking consistently. After that, the multiplier will level out and the holder will stake with a consistent rate that depends on how much stake competes with his. The Turbo Stake period lasts 30 days from the time of launch.

That sounds pretty interesting. I might be glad I stumbled on this one tonight.