Re: [ANN] ION [ION] | ICO LIVE | PoS 3.0 | Mobile Gaming

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. The initial deposit into the wallet had to be exactly 20K to be a MN.

Quote from: Mr.Pelican on August 12, 2016, 01:41:39 PM

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?

If they are not in MNs why are they getting half the block reward then?

When a block is rewarded, the staking wallet gets 50% of the reward and the Masternodes gets 50% of the reward plus transaction fees for that block. That's why U are seeing 11.5 IONs when minting of the Bounty wallets.

So every staking address get 11.5 IONs every time there is a stake, correct?

only one of the wallets gets the block reward and one of the masternodes gets the reward plus transaction fees for that block.

Thanks for clarifying.

Could you address the coin inflation statement you made above? The team getting those stakes via the bounty addresses isn't addressing inflation. It's just putting those coins in the teams hands instead of the customers. The way I see it that is. There may be something I am missing. But if a coin is minted, that coin was produced.

I appreciate you taking the time to answer.