We're testing the latest version 2.3 of the MUE wallet
Significant changes are as follows;
Total supply is being cut by 91% from 4 billion to 350 million
Daily emission (number of new coins created) is being cut by 75%.
This reduction is reflected in the block reward being reduced from 40 MUE per block to 10 MUE per block. (Reducing minting from 86,400MUE per day to 21,600MUE per day)
This is detailed below;
Staking rewards are being cut from
10 MUE per block to 3 MUE per block
MasterNode rewards are being cut from
10 MUE per block to 3 MUE per block
Budget reward remains the same at 4 MUE per block
This means 69% of all MUE to ever to be created have already been created! The remaining 31% will be minted by 2035.
Changelog of other merged pull requests will be available when published.
We expect testing to last around 7 days.
Once the wallet is ready for public release we will make a further announcement notifying you to upgrade your wallets, which will be mandatory, & we expect there to be around a 6 week window for you to do this.
Once live, we expect the daily reduction in emissions to gradually be reflected in the MUE price as sell pressure should be significantly reduced.
Reduction in total supply should make MUE more attractive to potential new MUE users.
Passive income returns would be significantly improved if users swap their MUE to wMUE at
https://wrapping.services/get/mue/ and stake on YieldFields
https://yieldfields.finance/
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