Post
Topic
Board Announcements (Altcoins)
Re: [ANN] [PoW] [PoS] VEIL - Privacy without compromise
by
pantek talacuik
on 22/04/2019, 10:34:59 UTC
With 1,000 coins, you may get (on average) one stake every 13 days. That means you need 13k coins for on average one stake of 50 coins per day. Over time you will need more coins than 13k for one stake a day on average because the coin supply is increasing fast for the first few years.
1000 coins stake continuous over 13 days and get only one staking reward round. In my opinion, it's terrible staking rate if we take into account the staking rate will decrease over time when difficulty increase, and more stakers actively operates on VEIL network. It even does not count for orphan blocks found from staking.

You get 50 Veil if u win a stake, so that’s 5% roi in 13 days, it’s very high, and also the reason why it will go down later, because the same rate would be unsustainable.

A lot depends on luck. Here the average value is taken, but you can get as much as 20% and 0%. I think for network stability this is the best option.

Taking this step is indeed very good for me for now because it will make new things good later on. Time to continue to see the good things that will grow from this project.