Re: [ANN][Blocknet] truly decentralized exchange | token ecosystem infrastructure
What is the inflation rate on Blocknet ?
In the initial post it says : Coin supply: 3,910,516 BLOCK
And on coinmarketcap it says total supply 10,083,163 BLOCK ?
In the initial post it says : Coin supply: 3,910,516 BLOCK
And on coinmarketcap it says total supply 10,083,163 BLOCK ?
Those 6 million coins were left undistributed coins at the ICO years ago and got burned long time ago correct me if I am wrong here.
You are completely correct.
Wow never knew that... So basically your saying that from now on there will only be a little inflation due to POS rewards? What is the daily rate at the moment? This is a game changer to me since only now i understood that 66% of the total coin supply shown on coinmarketcap has already been burned... Where can i find this burn proff and transactions? I think you could benefit from having that in OP since most people see coinmarketcap for coin supply and get the wrong idea...
There will be no POS I believe only trade fees if you own a masternode. For now you need 5K block to run a masternode but the amount will be votable by community and is destined to be lowered in the future anyway as price rises. Also the burn issue will be adressed shortly in the next update.
Not sure that is correct.
Im not sure but I think Staking will go to 6 to 7% with the new code, with 10% of that portion automatically allocated to development fund. If you are also running a node, then overall staking/profit share could be up to 15%. But as I said, I am not sure.
Sounds like this needs some clearing up. Currently PoS is at 3%.
It has been mentioned that'll change to add a dev fund fee and I thought I read it would be taken from the original 3%.
Also, I thought they will include trade fees as a reward to all block holders that should offset the dev cut. I would expect that reward to be much less than running a node, obviously.