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but the rate of POS will be less than now? thanks
dear， do you mean , monk coins not up to number 1500 in wallet will not get POS roi any more?
thanks a lot for telling us.!!
Yes those 1500 will be locked For MN...
So the wallets with less no of coins have high chances to receive daily POS
thanks a lot for telling us.!!
Yes those 1500 will be locked For MN...
So the wallets with less no of coins have high chances to receive daily POS
MN UPDATE FROM POS MONKEY
New Masternode Specs
ALGO X11
BLOCK TIME 2 MIN
MIN MATURITY 8 H
MAX MATURITY 240 H
NAME MONKEY
TICKER $MONK
TOTAL SUPPLY 21 MILL. COINS
Masternodes:
Pure POS
Mature 8h
Masternode 1500 $MONK
Rewards ( 60% MN / 40% POS )
7x Normal Blocks 13.5 $MONK ( 8,1 MN / 5,4 POS )
2x Superblocks 17 $MONK ( 10,2 MN / 6,8 POS )
1x Ultrablocks 20 $MONK ( 12 MN / 8 POS )
Each 100.000 Blocks rewards will be reduced by 20% up to a total of 60%
-------------------------------------------------------------------------------------
We calculate with a circulating supply of round about 1.000.000 $MONK when we release the new Wallets.
We also did some calculation based on the hosted Nodes.
If there will be 20% ( ~200.000 $MONK ) locked away in Masternodes we will have roughly 130 Masternode with the start of the implementation causing a total ROI for each MN holder of ~1000% yearly + POS rewards !
Each new Masternode will regulate the ROI down to a solid Level of round about 300% with 300+ Masternodes running!
--------------------------------------------------------------------------------------------------------------------------------------
The Masternode Wallet will also contain (maybe not all with release, maybe some for roadmap, we got to decide) the following Features
- Instant transactions through master nodes – You will have the option of initiating instant transactions through the master node system.
- Darksend – Send your transactions anonymously with Darksend.
- Adaptive block sizes – Adaptive block sizes increase or decrease possible max block size depending on use of the chain, thus making the chain lighter
when not being flooded with transactions and allowing the chain to not get bogged down by large amounts of use.
- Velocity blockchain security system – Velocity is a prototype blockchain security system that secures the Monk blockchain though governance and
restraint technology. The system acts as a "triple check" security feature against blockchain inconsistencies and possible exploits such as rapid block
times, incorrect fees, insufficient balances and other issues that are widely used by programmers with malicious intent to cause damage to the
blockchain.
- Secure messaging – send secure encrypted messages across the monk blockchain.
ATTENTION !
This is the current status we calculated ! with setting up testnet and having a longer period of experience with the new reward system we allow us to slightly change the values!
New Masternode Specs
ALGO X11
BLOCK TIME 2 MIN
MIN MATURITY 8 H
MAX MATURITY 240 H
NAME MONKEY
TICKER $MONK
TOTAL SUPPLY 21 MILL. COINS
Masternodes:
Pure POS
Mature 8h
Masternode 1500 $MONK
Rewards ( 60% MN / 40% POS )
7x Normal Blocks 13.5 $MONK ( 8,1 MN / 5,4 POS )
2x Superblocks 17 $MONK ( 10,2 MN / 6,8 POS )
1x Ultrablocks 20 $MONK ( 12 MN / 8 POS )
Each 100.000 Blocks rewards will be reduced by 20% up to a total of 60%
-------------------------------------------------------------------------------------
We calculate with a circulating supply of round about 1.000.000 $MONK when we release the new Wallets.
We also did some calculation based on the hosted Nodes.
If there will be 20% ( ~200.000 $MONK ) locked away in Masternodes we will have roughly 130 Masternode with the start of the implementation causing a total ROI for each MN holder of ~1000% yearly + POS rewards !
Each new Masternode will regulate the ROI down to a solid Level of round about 300% with 300+ Masternodes running!
--------------------------------------------------------------------------------------------------------------------------------------
The Masternode Wallet will also contain (maybe not all with release, maybe some for roadmap, we got to decide) the following Features
- Instant transactions through master nodes – You will have the option of initiating instant transactions through the master node system.
- Darksend – Send your transactions anonymously with Darksend.
- Adaptive block sizes – Adaptive block sizes increase or decrease possible max block size depending on use of the chain, thus making the chain lighter
when not being flooded with transactions and allowing the chain to not get bogged down by large amounts of use.
- Velocity blockchain security system – Velocity is a prototype blockchain security system that secures the Monk blockchain though governance and
restraint technology. The system acts as a "triple check" security feature against blockchain inconsistencies and possible exploits such as rapid block
times, incorrect fees, insufficient balances and other issues that are widely used by programmers with malicious intent to cause damage to the
blockchain.
- Secure messaging – send secure encrypted messages across the monk blockchain.
ATTENTION !
This is the current status we calculated ! with setting up testnet and having a longer period of experience with the new reward system we allow us to slightly change the values!
