Post
Topic
Board Announcements (Altcoins)
Re: [ANN][PRT] Particle | CPU/GPU, Fast, Easy Mine, * NO PREMINE * | Official Thread
by
moonmoon
on 22/04/2014, 20:15:50 UTC
What is coming is not like karmashares where you have to exchange your coins for points.  Instead, you will be rewarded simply for holding your coins, similar to proof of stake but without the inflation of the coin supply.  Every period we will pull a report of address balances from the block explorer, and payouts will happen in the form of PRT which will also add buy pressure similar to the multipool system, because we will buy the PRT on the open market to payout the dividends.  Of course this also means you will want to withdraw your coins to your wallet before the reporting time, so that your balance is reflected, which will also remove liquidity and help support the price when we do our buys.