What is the annual interest rate here?
I was hacked by cryptopia and it was sold, but I am worried about buying it again.
It depends on how much coins is in staking. But i think it's something around 5-10% yearly
When network will be already stably, anyone get about 1 UNIFY per each ~3k coins ( previous calculations, 1 UNIFY per 1000 coins may be too high... )
Some fresh info, main topic will be modernized soon.
Algorithm: PoS - Proof of Stake from 15925 block, before - PoW - Proof of Work with scrypt algorithm
Coin abbreviation: UNIFY
Premine: 181,181 UNIFY (its less than 1% from actual total supply)
Block time: 1 minute (every minute you have a chance to get UNIFY from staking)
Min stake age: 4 hours ( You need at least 4 hours after your funds arrive on your wallet to start staking)
Max stake age: 30 days
Block confirmations: 6 confirmations (you need 6 confirmations to spend UNIFY you received from the incoming transaction)
Coinbase maturity: 40 confirmations ( you need 40 confirmations to spend UNIFY after u hit PoS block)
Block reward:PoW phase:
Block number Reward:0-3000 3000 UNIFY
3000-6000 1500 UNIFY
6000-9000 750 UNIFY
9000-12000. 375 UNIFY
12000-15000 187.5 UNIFY
15000-15924 93.75 UNIFY
Total supply after PoW phase:
~17,700,000 UNIFYPoS phase:Sep 2017 - Sep 2019 - 1 UNIFY per PoS block (1440 UNIFY daily, 525600 UNIFY yearly)
Sep 2019 - * - 0.1 UNIFY per PoS block (144 UNIFY daily, 52560 UNIFY yearly)
*Depending on several factors, and especially UNIFY prices, the reward may be reduced again.
Total supply increase in years:
Year: Total Supply: Sep 2017 17700000 UNIFY
Sep 2019 18751200 UNIFY
Sep 2021* 18856320 UNIFY
Sep 2023* 18961440 UNIFY
Sep 2025* 19066560 UNIFY
Sep 2027* 19171680 UNIFY
Sep 2031* 19276800 UNIFY
*with 0.1 UNIFY reward