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qort_model_-_block_rewards [09/11/2020 03:45] – gfactor | qort_model_-_block_rewards [03/12/2021 05:37] – gfactor | ||
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The block rewards in Qortal are distributed evenly, regardless of the minter who actually finds the block. The rewards, instead, are based on the level of the minter as far as who receives more or less of every block. | The block rewards in Qortal are distributed evenly, regardless of the minter who actually finds the block. The rewards, instead, are based on the level of the minter as far as who receives more or less of every block. | ||
- | See distribution chart below (taken from [[QORT model - Leveling System|Leveling System]]): | + | {{ |
+ | : | ||
+ | |||
+ | See distribution chart [[QORT model - Leveling System|Leveling System]]) | ||
===Minting Levels=== | ===Minting Levels=== | ||
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- **Levels 9 and 10** will obtain **25%** of the block reward | - **Levels 9 and 10** will obtain **25%** of the block reward | ||
\\ | \\ | ||
- | - **QORA holders transitioning into QORT service token will obtain 20% of the block reward** | + | - **QORA holders transitioning into QORT coin will obtain 20% of the block reward** |
\\ | \\ | ||
- **Founders** will obtain a minimum of **5%** of the block reward, and/or the ' | - **Founders** will obtain a minimum of **5%** of the block reward, and/or the ' | ||
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The block rewards on Qortal are meant to be never-ending. | The block rewards on Qortal are meant to be never-ending. | ||
- | Since QORT is a service token on chain, there should always be new QORT available to power the various services on the network. | + | Since QORT is a coin on chain, there should always be new QORT available to power the various services on the network. |
- | No Total Cap on QORT service token, every ‘6 months’ there is a decrease in block reward from its start at 5 QORT, by .25, until 2 QORT is the reward. That is, unless a vote is made with the suggestion of an increase, which is also possible by submission of a proposal in the system and subsequent vote. The potential for an increase or decrease of up to 1 QORT per block is possible via vote, however, this type of vote can only take place one time per ‘year’ (in blocks). | + | No Total Cap on QORT coin, every ‘6 months’ there is a decrease in block reward from its start at 5 QORT, by .25, until 2 QORT is the reward. That is, unless a vote is made with the suggestion of an increase, which is also possible by submission of a proposal in the system and subsequent vote. The potential for an increase or decrease of up to 1 QORT per block is possible via vote, however, this type of vote can only take place one time per ‘year’ (in blocks). |
**Reward Schedule and Reduction** | **Reward Schedule and Reduction** |