Re: [ANN][NO-PREMINE][QuarryMN][EtherGEM] An ethereum network with a different view
Love the project and what you're doing - i just had a couple fo questions if you dont mind 
1) Is there an ETA on the whitepaper?
2) As an investor im worried about inflation surrounding the token - currently with no Max supply and more opportunities to mine and Masternode tokens with the release SpN - how do you plan to control inevitable inflation that might arise in the future?
3) An online source (https://www.coincalculators.io/coin/ethergem) states that the block reward for each mined block is 2 tokens (every 13s) is this estimate correct? Just want to get an idea of daily emissions of the token
4) Are there any future plans to implement a form of staking?
Thanks team and i look forward to your response!
1) Is there an ETA on the whitepaper?
2) As an investor im worried about inflation surrounding the token - currently with no Max supply and more opportunities to mine and Masternode tokens with the release SpN - how do you plan to control inevitable inflation that might arise in the future?
3) An online source (https://www.coincalculators.io/coin/ethergem) states that the block reward for each mined block is 2 tokens (every 13s) is this estimate correct? Just want to get an idea of daily emissions of the token
4) Are there any future plans to implement a form of staking?
Thanks team and i look forward to your response!
I can help with this even though I'm not part of the core team, I've been around a while:
1. The updated Whitepaper is forthcoming, there is one already but it does require updating along with the roadmap as there is alot of new tech being developed which will be standard within the Egem and SFRX systems as standard.
2. There is inflation, however Ethergem went though a halving a couple of months before BTC. The reward reduction is done in ERAs. See my answer to 3 as well
3. This is about right, as mentioned before Ethergem went through a halving just before BTC. The block reward is 3 which is split into the mining reward and a smaller reward for node stakers.
Here is a chart to explain the breakdown of block rewards for different ERAs:
https://wiki.egem.io/egemcurrentera.png
We are currently on ERA 2
4. There is already Staking available, they call them Quarrynodes. There are two tiers:
Tier 1 - 10,000 Egem collateral
Tier 2 - 30,000 Egem collateral
You must run a T1 node in order to run a T2 node. Setup is as easy as registering with the bot on discord, setting up an ubuntu VPS and running a script. Payouts are every 15 minutes. Information on setting up a node is here: https://wiki.egem.io/qnsetup. You can run up to 10 T2 nodes simultaneously per wallet atm with plans to increase that.
The Nodes are integrated with the bot on discord for payouts.
For more info you can look at the Ethergem WIKI:
https://wiki.egem.io/