Post
Topic
Board Announcements (Altcoins)
Re: Official Stakecoin Thread
by
crypto4jan
on 13/12/2017, 06:41:10 UTC
As I am not a native english speaker, i don't really know if i have undrestood everything. Can you help me ? What is the coin max ? And there will be less coins at the begining, right ? The other coins will be mine years after years, right ? How many coins there will be at the end of the ico ? How many coin there will be after one year for example ? Thank you for your help !
No problem I shall try to explain your questions.
This StakeCoin is NOT an ICO!
There is no coin max, just each day about 1300 new blocks are found and the reward is fixed on 0.5 STK.
Check here: https://chainz.cryptoid.info/stk/#!overview
That means each year 365 X 650 = 232750 STK new coin created.
By the start, 1M STK was burned and we have now 1.7 STK in circulation.
If all available STK is staking than 232750 / 1.7 M = 14% intrest.
But only 25% of the coins are staking the actual reward is 4 X 14% = 52 % per year.
Not a some inflation but a limited supply that means we have the potential create good value for the coin when we start with the application.
But first I want EnergyCoin successful with EnergyParty for the energy transition.
The source code we develop for EnergyCoin we can reuse for StakeCoin and have a great platform for other purposes.
The value of Stakecoin is not so important for me, I focus on the application when and if we start.

Hope more stakers come online soon but for me better they stay offline because of the STK rewards.

Have a great day,
Jan