DEAR XDNA COMMUNITY!
We have received much feedback concerning the high coin emission on different BitGun levels, thus it's time for us to adjust some technical specifications of XDNA.
We have elaborated 2 completely different adaptation mechanisms that reflect the changing environment of the market. Please vote for one of the variants. Your voice is important for us!
Variant 1. A multi-step lowering of the maximal block reward.
A fork will induce the decrease of the number of the possible Bitgun levels (starting from the highest one), 1 level will be removed per every 60 days or 86400 blocks.
Therefore, by the end of the POW period, the block reward will become constant and its value will be 4 XDNA.
The minimal XDNA emission is currently 6 307 200 coins for the duration of 3 years, while the maximal is 171 871 200 coins.
If the above option is implemented, the minimal emission remains the same, while the maximal will be cut 3.5 times – to 53 568 000 XDNA!
In order to optimize the coin economy, we will slightly change block rewards for levels 5-11.
To sum up:
- we do not decrease the current miners' rewards
- we do not decrease the current MN owners' rewards
- we significantly limit the total maximal emission and thus thwart over-saturation of the market and increase the investors' profit
- we act gently and thoughtfully, and do not induce any radical changes in the economic model of our project.
Estimated implementation time – 1 month.
Variant 2. Block reward values will be gradually decreased, while the reward portion for the masternodes will be increased.
A fork will induce the lowering of rewards at all Bitgun levels by 10% per month during a period of 24 months. By the end of this period, the reward on the first level will be 0.35 XDNA, while the 15 lvl reward will become 9.66 XDNA. This measure is aimed at raising the value of the coin, since it will gradually become harder and harder to obtain.
The minimal XDNA emission is currently 6 307 200 coins for the duration of 3 years, while the maximal is 171 871 200 coins.
After the above option is implemented, the minimal XDNA emission will be 1 590 163 XDNA coins, while the maximal emission will be more than 4 times lower — 43 331 957 XDNA!
Furthermore, the percentage of masternodes' part of the block reward will be increased in order to prevent the decline of ROI. The new reward distribution is the following:
52% to miners
25% to full MNs
15% to medium MNs
5% to light MNs
2% to XDNA Foundation
1% - to DevFee
We significantly limit the coin emission thus thwarting the over-saturation of the market and increasing the profit of investors.
Estimated implementation time – 1-3 months.
To vote - pls join our Discord server
https://discord.gg/RTXu4J(#news channel) or leave your opinion here. Thanks for your participation!
