I will try to explain DarkNote XDN Smart Economy in a few words with simple logic here, as i did before several times
1. First of all i would like to mention, that all XDN specs was made after long term thinking and analyzing cryptocurrency markets for a years.
2. Imagine, mathematicians, economists, programmers, philosophers and media veterans with strongest knowledge are making some effort to make really fairly launched cryptocurrency that is focused on real economy markets.
3. Thinking, scaling, experimenting, observing is our credo. We are focused on all aspects.
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~ So, your economy questions.
Main ideas are (1) to have ~80% of XDN units of value amount in circulation (on market) after approx. 1 year of mining and XDN rising. Remember, 80% of coins in circulation in ASIC-resistant, CPU-efficient decentralized anonymous Proof-of-Work payment network (2) to motivate miners - both average users with CPU-client miners and enterprise level miners to mine XDN, because of minimum BASE_BLOCK_REWARD value = 150 [XDN]. More than 77 years with no floats and and surprises. (3) to have MAX_COIN value, to make XDN valuable. (4) to make well-known Bitcoin alike supply curve unique to all CN coins (5) to make human readable, predictable block rewards - whole number. (6) whole numbers in block rewards, reduce GENERATION_TRANSACTION size by reducing outputs: 150 XDN transaction has 2 outputs : 100+50 with no "dust" => XDN blockchain size is smaller than any other CN coin in terms of that feature. (7) to make XDN predictable asset, with predictions, based only on community decisions, market and economy laws. Good for both users and entrepreneurs. (
to have 6th Cataldi number
because of its structure and lots of necessary characteristics, like correlation XDN circulation level and approximate Earth population (human readable). (9) to make initial block halving rewards periods = 1 month, because it is a really long time to know and the only possible way to provide execution of mentioned above ideas.
DarkNote XDN (launched as duckNote XDN cryptocurrency) first month BASE_BLOCK_REWARD is 320 000 XDN, halved, 160 000 XDN for second month, 80 000, for third month, now we are at the end of the fouth month period with the 40 000 XDN BASE_BLOCK_REWARD. It will be halved at the end of that month (actually every end of the calendar month DarkNote has halving - human readable). So to be absolutely clear:
1 month base block rewards = 320 000 XDN (2 outputs in generation transaction - 300K + 20K) June
2 month base block rewards = 160 000 XDN (2 outputs in generation transaction - 100K + 60K) July
3 month base block rewards = 80 000 XDN (1 output in generation transaction - 80K) August
4 month base block rewards = 40 000 XDN (1 output in generation transaction - 40K) - we are here now September
5 month base block rewards = 20 000 XDN (1 output in generation transaction - 20K) October
6 month base block rewards = 10 000 XDN (1 output in generation transaction - 10K) November
7 month base block rewards = 5 000 XDN (1 output in generation transaction - 5K) December
8 month base block rewards = 2500 XDN (2 outputs in generation transaction - 2K+0.5K) January
9 month base block rewards = 1250 XDN (3 outputs in generation transaction - 1K+0,2K+0.05K) February
10 month base block rewards = 625 XDN (3 outputs in generation transaction - 0.6K+0,02K+0.05K) March
11 month base block rewards = 312.5 XDN (4 outputs in generation transaction - 0.3K+0,01K+0.002K+0.0005K+) April
12 month base block rewards = 156.25 XDN (5 outputs in generation transaction - 0.1K+0,05K+0.006K+0.0001K+0.00005K) May
13 month base block rewards = 150 XDN (2 outputs in generation transaction - 100 + 50)
14 month base block rewards = 150 XDN (2 outputs in generation transaction - 100 + 50)
15 month base block rewards = 150 XDN (2 outputs in generation transaction - 100 + 50)
16 month base block rewards = 150 XDN (2 outputs in generation transaction - 100 + 50)
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stays 150 XDN for more than 77 years.
