We are going to reinvent Particle as a Proof-of-Stake coin called Particle X. This time I want to have the background and supporting materials ready to go before we pull the trigger, but here are some details:
Particle X will be a Proof of Stake coin with X11. There will be a 2 week period of PoW mining before it becomes pure PoS.
I am leaning towards 250M total coins. The coins will be split. 175M of Particle X coins will be mined and reserved for a coin swap for PRT (just like Saturncoin did, with an Exodus address that we can track and a script to automatically do the swap), at a 4:1 ratio. The remainder will be PoW mined on the pool. We could also consider doing half and half, with 350M total coins.
I think having another PoW phase is important to generate some publicity and community interest again and get the miner's more active.
Particle X will have a 5 minute PoS modifier interval and the same fast transaction processing that we enjoy with PRT today.
I am leaning towards 3%/year proof of stake but I am open to suggestions from you.
POS coins usually struggle to get and keep value.
The mining phase isn't just for distribution it's also there to get attraction to a coin and through this deserved value.
And that's the point particle failed too short.
The extrem fast mining reward decrease made it very quickly unintresting for all the miners.
A POS coin is even more extrem because it excludes the miners.
POS with quick POWs (1 Weeks or 2 weeks) are usually doomed. No one wants to trade or invest in something a few lucky ppl mined in that time. There are examples of such coins.
You see that the coins that gain value and momentum are usually those that have a pow that keeps mining intresting for a longer time.
So I am pesimistic here.
I think you can do as you have planed or let it be it wont change anything. Unfortunatly.