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Two things from my side: a) why is the SILK POW reward set at zero? Mistake?
b) There will be 2 billion new slk as in the total supply: SILK and SLK will we swapped 1:1 but the first is around 49 million coins. Why is that?
As for the rest it seems an interesting project and you guys are putting your face on it which clearly means a lot.
b) There will be 2 billion new slk as in the total supply: SILK and SLK will we swapped 1:1 but the first is around 49 million coins. Why is that?
As for the rest it seems an interesting project and you guys are putting your face on it which clearly means a lot.
The Silk PoW period has 0 reward blocks and the PoW period is simply there to complete the transactions for the swap period. After the PoW period finishes it will be a pure PoS coin.
Silk Network will mine these blocks and no reward and no fees are are awarded to the Silk Network mining these blocks.
The first block of the Silk blockchain contains the amount needed to facilitate the 1:1 swap from Silkcoin->Silk, which will equal the current supply when the Bittrex deposit period starts, minus the 4 million that are held in the address associated with the MintPal/Moolah scandal/theft.
The 2 billion coin total is the total amount of coins that can ever be created from PoS mining, not the amount of coins in supply from launch.
