[Announcement]

We, the Maria Ecosystem have launched $Lats coin for the Latvian community.

The meaning of "Lats" > it is the name of the national currency Latvia gave away after joining the economical alliance of the EU (good or bad > not for me to decide).

Lats coin is a PivX fork.

1st 1000 blocks are PoW, the reward is 100 $Lats/block.

1001+ > PoS (staking + masternodes)

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The main idea is to resurrect Lats in the digital format and put it in the hands of Latvian webmasters.

History of Lats: https://en.wikipedia.org/wiki/Latvian_lats

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PoS: from the block 1001 - ∞
Algorithm: Quark
Premine: 0
Block Time: 60 Seconds
Maturity: 100 Confirmations
Masternode Collateral: 1000 $Lats
Port: 45459

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Rewards (Proof of Work after the block 1001)

Block: 1001 - 501 000
Reward in a Single Block: 10
Masternode: 6.00 (60%)
Staker: 3.00 (30%)
Treasury: 1.00 (10%)

Halving: 5x halvings every 500'000 blocks (table to be added)

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Lats coin phase 1 (Launch) lead developer: Liquid369: https://github.com/Liquid369

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Links:
Explorer: https://explorer.lats.cc (to be updated)
Website: https://www.lats.cc (to be updated)
GitHub: https://github.com/orgs/LATS-DAO/dashboard
Wallets: https://github.com/LATS-DAO/Lats-Core/releases
Whitepaper: .. to be updated

Discord: https://discord.gg/xVvajam5u2
Telegram: https://t.me/latscoin

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The first information is very basic: the idea is to leave as much space available for the yet unknown future group of Latvians who will (hopefully) make and keep this coin as decentralised as possible.

https://i.imgur.com/oXg4sUp.png

More information to follow.

Helmuts

didn't see any interesting concept here. Just selling the name and news   

Adjusted Tokenomics:

Block Rewards:
Ref: https://github.com/LATS-DAO/Lats-Core/blob/main/src/validation.cpp

• Block 1 to 1000 = 100 $Lats per block (end of the PoW stage)
  1001 - 2000 = 100 (High reward PoS stage)
  2001 - 192'000 = 9
  192'001 - 300'152 = 4.5
  300'153 - 800'153 = 2.5
  800'154 - 1'600'154 = 1.5
  1'600'155 - unlimited = 1

Masternode vs Staker Reward split:
Ref: https://github.com/LATS-DAO/Lats-Core/blob/main/src/validation.cpp

• Block 1 to 1000 (PoW stage 1) = 100 to Miner
  1001 - 2'000 (PoS) = 100 to Staker
  2001 - 192'000 =  6 $Lats coins to MN & 3 $Lats coins to Staker
  192'001 - 300'152 = 40% MN & 60% Staker = 1.8 coins for MN vs 2.7 for Stake
  300'153 - 800'153 = 45% MN & 55% Staker = 1.125 vs 1.375
  800'154 - 1'600'154 = 50% MN & 50% Staker = 0.75 vs 0.75
  1'600'155 - 3'000'155 = 55% MN & 45% Staker = 0.55 vs 0.45
  3'000'156 - 9'900'157 = 60% MN & 40% Staker = 0.6 vs 0.4
  9'900'158 - 16'400'158 = 65% MN & 35% Staker = 0.65 vs 0.35
  16'400'159 - unlimited = 70% MN & 30% Staker = 0.7 vs 0.3
  

The Budget (also known as DAO payments) will be 10% of the block reward, which users can claim for their budgets every 43'200 blocks.
Note: Budget coins are NOT included in a block reward - they come from a Superblock (generated based on approved proposals every 43'200 blocks) with a maximum of 10% of the block rewards.