Quote from: LEOcoin Foundation on April 12, 2016, 10:13:03 PM

Quote from: Peter78 on April 12, 2016, 09:37:46 PM

@LEOcoin Foundation

1) How will POS work in detail?

How long do I have to stake to get the percentage reward ?

When will the POS coins be attributed and how is it calculated?

2) Dan said that POS will most probably start on 1st of May.
What about the blockchain vote ?

Dear Peter78,

as the POS mechanism is still being developed, it is not yet clear how precisely the calculations will be. Yet, currently staking is already happening too, as you can see in your wallet. About 4% of the LEOcoins after premine are from staking, the rest is premine and/or created by POW.

In the future the LEOcoins in your wallet will stake all by themselves. Depending on coin age and the number of coins that are staked, rewards may differ on a weekly or monthly base, but at the end of the year, you will have received a percentage of new coins that reflects your share of stake in the total supply.

I cannot share detailed information with regard to the blockchain vote, other that that we are in the process of discussing the fastest and easiest way to have it. Once a majority vote is reached, the POS - if approved - will be implemented asap. This could be the first of may, or earlier, or later. Yet, our view is the earlier, the better. On the other hand, we should not rush things, but do it properly.

More details will be shared once available.

What vote? hahahahah And who is gonna vote? Dan and Co, on POS or not to POS? hahahahahaha well, when oyu got 20M premine, it is sound to stake em right?

Leo idiots, shit dont change Cheesy