In order to improve the principle of equity in rewards distribution of coins with masternode, we developed a new function that regulates this distribution.
Starting from a algo you cant ASICs - Neoscrypt - with correct specs - 1440 blocks / day - and a block reward starting 6 FXR. This is 8640 coins / day so the possibility to create 4.32 MN per day maximum.
We kept a redistribution of 55%POW/45%MN to respect a certain equity and to allow the miners to find a real interest in the mining of the FX Rate, with a 5% advantage.
Finally the interest of the miners is substantially revived by the implementation of the algo Neoscypt modulated into a specific algorithm for the spliting of the block rewards. It allow fix the % of reward in proportion to the number of masternodes ! The spliting % of rewards between masternodes and miners will increase progessivly. It start from 0%MN/100%POW to the maximunm 55%/45% till we reach 70 Masternodes enable.
Reward scheme:
From 1 to 5 MN : 95% POW / 5% MN From 5 to 10 MN : 90% POW / 10% MN From 11 to 20 MN : 85% POW / 15% MN From 21 to 30 MN : 80% POW / 20% MN From 31 to 40 MN : 75% POW / 25% MN From 41 to 50 MN : 70% POW / 30% MN From 51 to 60 MN : 65% POW / 35% MN From 61 to 70 MN : 60% POW / 40% MN From 71 to inf. MN : 55% POW / 45% MN
COIN PARAMETERS
Coin : FX Rate Ticker : FRX Algo : Neoscrypt Block reward : 6 FXR Split rate : evolutif From 100% POW / 0% MN to maximum 55% POW / 45% MN Premine : 1 % Total max coin supply : 21 M Block time : 60s masternode port : 34222 Masternode collateral : 2 000 FRX