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leveling_system [01/27/2023 18:18] – gfactor | leveling_system [03/12/2023 01:55] – gfactor | ||
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At a later date, leveling will apply to other Qortal account types (see [[Account Types]]) giving multiple different types the ability to 'level up' in the system, and gain more voting influence, form committees, etc. | At a later date, leveling will apply to other Qortal account types (see [[Account Types]]) giving multiple different types the ability to 'level up' in the system, and gain more voting influence, form committees, etc. | ||
- | {{ :qortal_minting_and_leveling_2020_english.jpg |}} | + | {{:: |
====Minting Levels==== | ====Minting Levels==== | ||
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The first accounts able to level, are the minters of Qortal. Minting is extremely important to the system, as it is the way that blocks are signed into the chain, and the chain progresses forward. Without the minters, the chain doesn' | The first accounts able to level, are the minters of Qortal. Minting is extremely important to the system, as it is the way that blocks are signed into the chain, and the chain progresses forward. Without the minters, the chain doesn' | ||
- | Due to the extreme importance of the minters, they are rewarded with the block rewards on the system. The rewards of every block, are split via the following: | + | Due to the extreme importance of the minters, they are rewarded with the block rewards on the system. The rewards of every block, are split via the following, which were updated* at block 1,010,000: |
- | - **Levels 1 and 2** minting accounts will obtain **5%** of the block reward. | + | - **Levels 1 and 2** minting accounts will obtain **6%** of the block reward. |
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- | - **Levels 3 and 4** will obtain **10%** of the block reward | + | - **Levels 3 and 4** will obtain **13%** of the block reward |
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- | - **Levels 5 and 6** will obtain **15%** of the block reward | + | - **Levels 5 and 6** will obtain **19%** of the block reward |
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- | - **Levels 7 and 8** will obtain **20%** of the block reward | + | - **Levels 7 and 8** will obtain **24%** of the block reward |
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- | - **Levels 9 and 10** will obtain **25%** of the block reward | + | - **Levels 9 and 10** will obtain **32%** of the block reward |
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- | - **QORA holders transitioning into QORT will obtain | + | - **QORA holders transitioning into QORT will obtain |
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- | -Note- | + | **Please note:** 1) QORA holders do NOT have to be minters in order to earn their transition into QORT coin. FOUNDERS |
Another thing to note - if minters are OFFLINE, a larger percentage of the block reward percentage goes to the minters who are ONLINE. So be sure you keep your node ONLINE as much as possible, to both garner your earned reward, as well as your ' | Another thing to note - if minters are OFFLINE, a larger percentage of the block reward percentage goes to the minters who are ONLINE. So be sure you keep your node ONLINE as much as possible, to both garner your earned reward, as well as your ' | ||
- | - **Founders** will obtain a minimum of **5%** of the block reward, and/or the ' | + | - **Founders** will obtain a minimum of **3%** of the block reward, and/or the ' |
//Above is the initial split for minters based on their level. This split is subject to modification in the future, via either a vote by the users, or if necessary, a modification by the development team. (It is the goal of the system, **to eventually not need modification of anything without votes**, however, in the beginning, it is likely that sometimes it will be inevitable for changes to be made without them.)// | //Above is the initial split for minters based on their level. This split is subject to modification in the future, via either a vote by the users, or if necessary, a modification by the development team. (It is the goal of the system, **to eventually not need modification of anything without votes**, however, in the beginning, it is likely that sometimes it will be inevitable for changes to be made without them.)// | ||
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+ | *Before block 1,010,000 the rewards were 5, 10, 15, 20, and 25% for the five tiers, with 20% for QORA, and 5% for Founders. | ||
=== ' | === ' |