Interesting project but which algo will you use for mining?
Hi Esposito17,
We are forked from LISK and use the same DPOS consensus algorithm. You are required to setup a node and register as delegate in the network, then you can ask other ONZ owner to vote your delegate, the top 101 delegate is able to forge (mining).
The rewards are start at
50 ONZ for each block in the first 6 months, so each active delegate can earn around
85,544 ONZ every month.
Please refer to the rewards schedule as below.
Rewards ScheduleRewards start at 50 ONZ and will decreased to 1 ONZ on Year 22.
[Year 1 (1-6 month)] Block: 2 - 1,036,800: 50 ONZ
[Year 1 (7-12 month)] Block: 1,036,801 - 2,073,600: 40 ONZ
[Year 2 (1-6 month)] Block: 2,073,601 - 3,110,400: 35 ONZ
[Year 2 (7-12 month)] Block: 3,110,401 - 4,147,200: 30 ONZ
[Year 3] Block: 4,147,201 - 6,220,800: 25 ONZ
[Year 4] Block: 6,220,801 - 8,294,400: 25 ONZ
[Year 5] Block: 8,294,401 - 10,368,000: 25 ONZ
[Year 6] Block: 10,368,001 - 12,441,600: 25 ONZ
[Year 7] Block: 12,441,601 - 14,515,200: 25 ONZ
[Year 8] Block: 14,515,201 - 16,588,800: 20 ONZ
[Year 9] Block: 16,588,801 - 18,662,400: 20 ONZ
[Year 10] Block: 18,662,401 - 20,736,000: 20 ONZ
[Year 11] Block: 20,736,001 - 22,809,600: 20 ONZ
[Year 12] Block: 22,809,601 - 24,883,200: 20 ONZ
[Year 13] Block: 24,883,201 - 26,956,800: 10 ONZ
[Year 14] Block: 26,956,801 - 29,030,400: 9 ONZ
[Year 15] Block: 29,030,401 - 31,104,000: 8 ONZ
[Year 16] Block: 31,104,001 - 33,177,600: 7 ONZ
[Year 17] Block: 33,177,601 - 35,251,200: 6 ONZ
[Year 18] Block: 35,251,201 - 37,324,800: 5 ONZ
[Year 19] Block: 37,324,801 - 39,398,400: 4 ONZ
[Year 20] Block: 39,398,401 - 41,472,000: 3 ONZ
[Year 21] Block: 41,472,001 - 43,545,600: 2 ONZ
[Year 22] Block: 43,545,601 - 45,619,200: 1 ONZ
Please let me know if you are interested to join the TESTNET before ICO.