Post
Topic
Board Announcements (Altcoins)
Re: BiblePay - New Coin Launch - Official Thread
by
bible_pay
on 01/10/2017, 03:08:01 UTC
Please let question.


The schedule is here: (205 blocks per day, 7 minute block targets):

Code:
       // Yearly decline of production by ~10% per year, projected ~14.54 Billion coins max by year 2050+.

// Year:  2017, Subsidy: 20000, Emission: 1496500000, Grand Total: 1 496 500 000
// Year:  2018, Subsidy: 18000, Emission: 1346850000, Grand Total: 2 843 350 000
// Year:  2019, Subsidy: 16200, Emission: 1212165000, Grand Total: 4 055 515 000

// Year:  2045, Subsidy: 1046,  Emission: 78318973,   Grand Total: 14 260 129 248
// Year:  2050, Subsidy: 618,   Emission: 46246570,   Grand Total: 14 548 780 867



Is the schedule out of the current blocks?

The block reward breakdown is as follows:

100 Reward (example)
10 : Charity (sponsoring orphans, 100% goes to the orphans)
10 : MasterNode network (goes live at Christmas of 2017 - allows for rewards for running full sanctuary nodes, allows the coin to become a Charitable DAO organization, fully running by the community itself)
(Note this is 0 for the first 40000 blocks)
80 : Block Subsidy to the Node who mined the block using POB

Is MasterNode started from the 40000 blocks? When is it?

The schedule was estimated based on Jan 1 2017 but in reality we started Aug 2017, so reality is lagging behind the schedule.  Also, we emit less due to a high diff and due to our block rate lagging behind.  

The sanctuaries go live at Christmas 2017.  Block 40,000 will be readjusted with the correct block.