Re: [ANN] [OK] OKCash | Fast and Efficient | POSv2 69% | Social | Payments | Anon
In the new release announcement I can see this: "Annual % stake change at block: 521,257".
Which stake change we are talking about here? Will the annual stake percent be decreased, or be changed in other way from the current 69%?
Which stake change we are talking about here? Will the annual stake percent be decreased, or be changed in other way from the current 69%?
I know that text on first page is still lenghty, but if you went on reading you would found answer to your question:
"OKCash is a new Cryptocurrency that was released in November 2014"
"People still have the chance to take advantage of the 69% interest for the first year, and we invite them to do so, as in a few more months the % of stake (interest) will go down to 20% for the second year; still tasty but nothing like starting with 69% !"
"Stake Rewards: 69% 1st Year
| 20% 2nd | 10% 3rd | 6% 4th Year onwards"
Therefore on block 521,257 stake will go down from 69% to 20%.
Hope this helps
