Hey, I have downloaded the wallet, got my coins into it through C-Cex, but what I ain't getting is, if it's still in PoW phase, will it start staking though without being in PoS mode? One more question whose answer may have been missed by me at Cex chat, can you please let me know that if the /block reward will be 30 coins per block during PoS, will they be calculated & distributed based on my wallet's stake weight and network weight, or I will get 30 coins block by block, obviously after everyone getting matured one by one?
You will have a chance to Stake depending on the size of your Blocks, larger Blocks (300-1000) will Stake sooner than smaller Blocks. All Blocks you Stake will reward 30 Coins per block, the minimum Stake age is 2 days and begins as soon as Coins enter your wallet and is calculated as the Stake weight per Block of Coins vs. the network weight.
In simplified terms
If you send yourself 10 transactions of 400 Coins, You have 10 Blocks of 400 Coins each and after a minimum of 2 days they have a chance to Stake when you have your wallet open. Each Block of 400 Coins would Stake for a reward of 30 Coins and split into two equal Blocks of 215 Coins. It's still in POW/POS Stage and the Blocks are roughly 50/50 between POW and POS.
Take a look at the PayCon Block Explorer and check out some of the transactions to help get a better idea.
