Post
Topic
Board Announcements (Altcoins)
Re: [POLY] POLYGON Blockchain - Easy Smart Contracts, 8Mb Adaptive Blocks - ICO NOW
by
TheKingInYellow
on 09/09/2017, 22:05:21 UTC
Some screenshots of our alpha wallets are coming soon.

We just mined our first PoS 3.0 block with success! POLY sigs works fine and we're ready to bring the testnet blockchain alive  in few weeks or even less.

Stay tuned!

This is great news! What will be the % on PoS annually? I can't remember

Based on the actual whitepaper draft :

"POLY PoS 3.0 is set to earn an annual stake reward of 0.6% of your owned coins. This number gives both interest rewards and avoid massive hyperinflation."

I believe that may be too low to compete with other yielding investments. Would you consider a raise to ~1.5%, but make it so that stake weight increases over a slow time, just so it incentivizes long term holding? In other words a stake rate of .6% to begin with that slowly grows the longer you stake, something like 30-60 days for maturation, with a cap of 1.5-2% so it competes with other dividend paying investments.  Cool