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:
15,497,680Year 2:
20,211,332Year 3:
26,274,732Year 4:
34,157,152Year 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.