Post
Topic
Board Announcements (Altcoins)
Re: [ANN] [AC] AsiaCoin Reverse-Scam
by
duplan
on 14/05/2014, 23:13:51 UTC
We have decided to change PoS stake rates, originally it was supposed to be:

Year 1: 100%
Year 2: 2%
And 2% for the following years

As a community, we put the issue for debate and people have voiced their opinion that they want the high stake rate to remain, however it is not a good idea to suddently jump from 100% to 2% as it creates chaos and instability in the coin. Therefore we decided to gradually decrease the stake rate during a period of 3 years, rather than a sudden drop to 1/50th.

The stake rate is as followed:

Coins now: 171,000,000

  • Year 1, Month 1-2 : 100%
  • Year 1, Month 3-4 : 80%
  • Year 1, Month 5-6 : 60%  
  • Year 1, Month 7-8 : 40%  
  • Year 1, Month 8-10: 30%  
  • Year 1, Month 10-12: 20% - This is end of Year 1
  • Year 2, Month 1-2 : 15%
  • Year 2, Month 3-4 : 10%  
  • Year 2, Month 5-6 : 8%  
  • Year 2, Month 7-8 : 6%  
  • Year 2, Month 8-10: 4%  
  • Year 2, Month 10-12: 3%
  • Year 3: 2%
  • Year 4: 1%
  • ...
  • Year 10: 1%

Max coins after 10 years: 336,394,784 AC
Max coins after 100 years: 823,707,260 AC

Note: These numbers are the maximum, if 100% of the coins stake all the time. This will not be the case obviously. So the actual total coin numbers will be significantly less but there is no way to know as we don't know what percentage will stake. This new staking system will be unique to our coin too, adding innovation to our investments!



How long do we have to hold the coins in the wallet to get staked AC's ? Does minting work on MacOS X Wallets , and Windows Wallets ?