Post
Topic
Board Announcements (Altcoins)
Re: Footy Cash (FOOT) | Masternodes Coming Soon!!! |Decentralized Fantasy Sports
by
El marinero
on 29/07/2017, 21:03:44 UTC
I thought this coin would have max supply at 4 million? It already  crossed 4 million....this changes things.



How do you POS? I am a noob when it comes to it.

The PoW was just under 4 million and then 3% PoS.  The point of PoS is to add interest, and 3% pretty close resembles a natural inflation rate.  Don't worry so much lol.  Everything is working fine.

All you have to do is keep your wallet open and unlocked to stake.



Does this affect safety?  I don't want to lose my coins.

Can you please elaborate, how do I keep it open and unlocked?


This is not fiat money, it is digital currency, then, for you to make interest on your coins, you have to "lend" your cpu power, (computer memory), for the coin to generate new transactions, all this are math algorithms generated on your computer memory, this is how you get "paid" or stake, commonly known as POS (proof of stake), for that reason your wallet needs to be online and open