Looking at the road map you set out I agree you should rethink 200% staking reward annually this will only lead to a huge loss of value in the future. Maybe set out a five year staking plain starting with 100% on year one and ending on 10% on year 5 and continuing with 10% for the life time of coin...
100% year one 3000 Vaultcoin
50% year two 4500 Vaultcoin
25% year three 5200 Vaultcoin
20% year four 6240 Vaultcoin
10% year five 6860 Vaultcoin
I done the figurers in my head so I know is not hundred percent correct, just rough guide line.....
Sorry could not see how a 200% staking reward will do any good for this coin then lead to a huge loss of value .
This is a good plan! Still keeps this coin count low and gives people incentive to buy and hold now.
This sounds pretty good, we'll look into it!
- haxmb
I see now problem with 200% for 1st year.total coins for first year is still only going to be 4500. which is still very low.i really think we need to do something soon though before we are no longer on an exchange
After thinking about this, the amount of Vault coins generated each year will be less than in the projected example from tony1970 because coins will be split between the exchange and wallets. Correct me if I'm wrong but Bittrex doesn't keep coins that are staked but others may. . . 1500 additional coins the first year may actually be like 700-1000 imo.
You could also look into the vPOS staking that Vericoin and ARCH are doing. Basically the more people that stake in their wallet, the more additional coins you generate in your wallet. ARCH is setup for between 3 - 20%. Vault being much fewer coins, you can kick this number up between 50-100% for the first 5 year, then settle on 10% after 5 years for the life of the coin. With all this said, I don't think this coin will ever get above 10,000 coins. This still makes the coin count pretty limited.