Quote from: OneNattyLitecoin on August 19, 2017, 07:11:15 PM

Quote from: ohforf on August 06, 2017, 05:33:19 AM

EquiTrader will shift from Proof-Of-Work to Proof-Of-Stake + Proof-Of-Work Algorithm .

Details :

Algorithm Type :- POW + POS
Hashing Algorithm :- X11
Block Time :- 120 Secs
Block Reward ( POW ) :- 20
Block Reward Halving Rate :- 50,000 Blocks
PoS Interest per year :- 30%
Minimum Stake Age :- 1 Day
Maximum Stake Age :- 30 Days
Block Size :- 8 MB

This is how many blocks will be generated per day :- 720
The block reward will cut in half every 2.28 months.

A swap will need to be done. More info will be shared soon.

If someone would be so kind to check my math.

I'm assuming $10M coins (most of projecting a supply of 8M eqt after swap). Using the emission rules above X11 mining rewards will be inconsequential by the beginning of year three as only ~1,262 TOTAL EQT will be generated from PoW (328eqt (first 46 days of year 3), 482eqt (total for 2.28months), 241eqt, 121eqt, 60eqt, 30eqt) Therefore the preponderance of the incentive to secure the network will be tx fees and/or PoS. This emission structure IMO is quite bullish on the expected value of eqt to reach.

EQT Emission Profile
After Year 1: 15,497,680
Year 2: 20,211,332
Year 3: 26,274,732
Year 4: 34,157,152
Year 5: 44,404,298
.
.
.
30% maximum per year thereafter

This is the maximum coins there can be. Current PoS however is about 12% not 30%. There will never be a full 30% increase is suplly as that would mean every eqt in existence would be staked.