Re: [IMX] IMPACT | NO PREMINE/NO ICO | POW/POS | X11 ALGO | PURE POS NOW |
already finished
How is posible to give 7.000 IMX with stake with 1MM of coin and I with 350K I get 1IMX, 1,5 or max 2 IMX?
I understand
I not understand
Reward is from POW phase. (check the date) During the POW phase, reward per block was 7 000 IMX coins.
To reach such reward in POS.
You will have to stake 1 M coins for at least 11 days.
POS interest is 25% per year. (25% for every 365 days.....means 25/365= 0.068% per day)
When POW finished there were 109 231 963 IMX coins (on block 30 000).
IMX is on block 46 790 now. And total coin count is 109,251,696 IMX. (So only new 19 733 IMX coins were generated in pure POS)
I've been minting for more than 24 hours and got just 14 coins approx., when I should have minted like 342 (=[500,000*0.25]/365), are you sure 25% is the right staking percentage? I don't mind the coin to have less inflation, an annual 25% of new coins seems too much if that's forever, but definitely this doesn't seem a 25% annual interest. Are you sure this isn't a 2.5%?