Thank you for your response. It is nice to see some addresses and be able to see what they are being used for. T appears right now they are stored in MN's, which is great, helps the network. Kinda curious as to what happens with the minted coins but I do think I remember Huey saying they were gonna be burned.
@CryptoBuds The Bounty coins are not in MNs and the minting of the coins will not be burned.
How did you determine these are in MNs? I believe 20k is correct per node and you have to have 20k in one transaction. Having 100k in a wallet says it's not a MN but just a standard staking wallet correct?
@Mr.Pelican you are correct in saying the Bounty coins are currently in a staking wallet earning stakes to offset inflation of the coin.
Those addresses appear to be getting half of the block reward. Masternodes receive half the block reward, no? If hey we're normal staking wallets wouldn't the reward vary and not be exactly half of he block reward?
Is staking the bounty coins to offset inflation in the white paper? And if those coins are not burned, how is it offsetting inflation? Those coins are in existence and can be used, thus the coin was inflated normally. Just those coins are in the hands of the team instead of the community members.
If they are not in MNs why are they getting half the block reward then?
The initial post in this thread states there are 23 ION per block I'm year one and Masternodes get 50% of the block reward which is 11.5 ION. And these addresses are receiving only 11.5 ION transactions, exactly half of the block reward. They may not be called masternodes but they sure are functioning like one. Unless I am missing something and I am willing to listen o an explanation.