Some informational updates. As posted in the thread, we now have a working wallet for the new USDE and are getting good responses for the coin swap. For those wondering, we have premined 150M USDE for the coin swap.
Please follow the link to get the new USDe Wallet here:
https://github.com/owner232/usde-master/releases/tag/v1.0.0Then, go here to fill out the submission form for the coin swap:
https://goo.gl/forms/6H0qoKhap9VNVhax2We will do the swap manually and we hope everyone will take advantage of the system to keep the community large and strong.
After the coin swap, we will have a period of mining. There will be approximately 512500 blocks to be mined with each block having a reward of 10USDe. This will be a total of 5.125M USDe.
After the first 512500 blocks are mined, the algorithm will shift to staking rewards. USDE coin utilizes a variable PoS rate that will be given periodically payout as per following list,
1st 6 months -> 60% (10% per month)
2nd 6 months -> 50% (8% per month)
3rd 6 months -> 40% (7% per month)
4th 6 months -> 30% (5% per month)
5th 6 months -> 20% (3% per month)
6th 6 months -> 10% (1.4 per month and ongoing.)
So, if you swap early and join the community, you can ear up to 120% in staking rewards the first year. If you swap today and leave your coins in the wallet, you will start staking on November 17th. That's a 20 day maturity. Overall, there will be 76.875M coins used for staking rewards. When they deplete depends on the community.
A total of 232 Million USDe will be minted between the premine, mining and staking. This is significantly lower than the last version of USDe, which had a total of 1.6 Billion USDe. We feel this is more inline with the needs of a coin to be used as a store of value and a hedge against a fragile fiat economy.