To Change or Not to Change the Rise Block Reward?
After concerns that the block reward is too high there is a chance to lower it if a large majority think it's worth doing.
To start with we'll run a yes or no poll for 2 weeks, if the Yes vote wins, we'll look at what the block reward should be changed to in round 2 of voting. If the majority is a No vote then block reward will remain the same.
Rise team would like to know what the community thinks about the current block reward.
Over the next 5 years Rise has the following rate of inflation.
Year 1: 15 RISE per block, 115,768,000 Total coins with 15.77% annual inflation rate
Year 2: 12 RISE per block, 128,382,400 Total coins with 10.90% annual inflation rate
Year 3: 9 RISE per block, 137,843,200 Total coins with 7.37% annual inflation rate
Year 4: 6 RISE per block, 144,150,400 Total coins with 4.58% annual inflation rate
Year 5: 3 RISE per block, 147,304,000 Total coins with 2.19% annual inflation rate
Year 6+: 0 Rise per block and therefore 0% inflation.
At the end of the the fith year there is 0 block reward and transaction fees alone will sustain the network.
Please vote Yes or No if you would like to see the Rise inflation rate changed!