Ninjastic
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Board Announcements (Altcoins)
Re: [PRE-ANN] WAVES. Ultimate crypto-tokens blockchain platform.
by
ExcelThroughKnowledge
on 17/05/2016, 11:26:01 UTC
Quote from: mxxxxxx on May 17, 2016, 10:07:35 AM
Quote from: ExcelThroughKnowledge on May 17, 2016, 09:57:24 AM
Quote from: KarlKarlsson_ on May 17, 2016, 09:38:41 AM
Quote from: ExcelThroughKnowledge on May 17, 2016, 08:59:52 AM
Quote from: mxxxxxx on May 17, 2016, 08:24:58 AM
Quote from: ExcelThroughKnowledge on May 17, 2016, 08:08:38 AM
Hi, I'm new here, can anyone fill me up how the PoS work and how does it reward us? Also how much would the reward be calculated? Thanks guys!

You will be able to receive rewards by using lite client and leasing your balance or by having full node. Details will be in tech paper - late May/early June.




Leasing my balance meaning to say lending my balance to users? Having a full node means? hmm.. I'm new so please guide me along.. Sorry for the questions asked.

There is no known calculation on the rewards as well, I'm intending to see what it has for my investment and what I would get back with the PoS..
There is no PoS interest in WAVES, the supply will remain at 100m. However, fees will be distributed to the node which is forging the corresponding block. To be frank, I assume most people are not investing in WAVES for the PoS reward, but rather for its technology and possibilities.  Smiley

I also assume that people didn't invest in WAVES just because of its technology and possibilities. They are bound to be waiting for rewards as well. No one would throw their money there just to rot and lose them am I right? lol... The fees would be taken from fiat and split to anyone who helps maintain a node? Which means to say we are getting fiat back instead of increased WAVES token?

Waves is inflation-less system, limited supply of 100 Mil. When full node is validating block it is getting fees from the network and from all transactions happening on the platform - issuing new assets, transferring, trading, converting supported currencies on the platform to tokens...together with all operations of other projects happening on the platform(all fees in Waves token). Then it is sharing rewards with lite clients which are leasing their balance to it.

Pardon my noobness >_> I still don't really get it.. If we were to take part in the ICO, all tokens will be divided equally in terms of our investments. If tokens were charged as fees, then wouldn't it require the investors to first use their token for exchanging before the whole thing could work? Sorry for the trouble explaining to me.. I'm learning..