Post
Topic
Board Announcements (Altcoins)
Re: [RE-ANN][PGN][X21S] Pigeoncoin - Pigeon Social DAPP - Datanodes & Servicenodes
by
pigeoncoin
on 08/02/2020, 10:05:50 UTC
If it's 0% fees shouldn't the block reward be 5000 - why did the last block still show 4750 ?

Great question. We have a 5% development fee on every block coded into our wallet (network wide). 5% or 250 Pigeoncoin goes into our 3 of 7 multisig address managed by 7 community key holders. We are a community run coin and had a community vote to raise development funds by introducing this dev fee at block 420,000 with a guaranteed end at block 1,420,000 (roughly 2 years from when it started). Hope this helped to clarify?