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block_rewards_distribution
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| Both sides previous revisionPrevious revisionNext revision | Previous revision | ||
| block_rewards_distribution [11/16/2023 18:53] – [Block Rewards] crowetic | block_rewards_distribution [02/13/2025 17:20] (current) – crowetic | ||
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| ===== Minting Bullets ===== | ===== Minting Bullets ===== | ||
| - | * Every 2 levels is called a **'ter' | + | * Every 2 levels is called a **'tier' |
| * **Every tier shares a given overall percentage** of **each block' | * **Every tier shares a given overall percentage** of **each block' | ||
| * Block rewards include **the reward itself** and the **fees for each block** created by transactions submitted to the chain. | * Block rewards include **the reward itself** and the **fees for each block** created by transactions submitted to the chain. | ||
| Line 56: | Line 56: | ||
| Minting is extremely important to the system, as it is the way that blocks are found, and the chain progresses forward. Without the minters, the chain doesn' | Minting is extremely important to the system, as it is the way that blocks are found, and the chain progresses forward. Without the minters, the chain doesn' | ||
| - | **Please note:** the rewards have been modified from their original percentages. The rewards | + | **Further Reward Modifications As of version 4.7.0** |
| + | - **Levels 1 and 2** minting accounts share **6%** of the block reward | ||
| + | \\ | ||
| + | - **Levels 3 and 4** share **13%** | ||
| + | \\ | ||
| + | - **Levels 5 and 6** share **19%** of the block reward | ||
| + | \\ | ||
| + | - **Levels 7 and 8** share **26%** of the block reward | ||
| + | \\ | ||
| + | - **Levels 9 and 10** share **32%** of the block reward | ||
| + | \\ | ||
| + | - **QORA holders transitioning into QORT coin share 1% of the block reward** | ||
| + | \\ | ||
| + | - **MINTER AND DEV ADMINS - THERE ARE NO MORE FOUNDER REWARDS - FOUNDER ACCOUNTS ARE NO DIFFERENT THAN ANY OTHER MINTING ACCOUNT** share a minimum of **3%** of the block reward, and/ | ||
| + | |||
| + | **previous reward structure** | ||
| - **Levels 1 and 2** minting accounts share **6%** of the block reward | - **Levels 1 and 2** minting accounts share **6%** of the block reward | ||
block_rewards_distribution.1700178816.txt.gz · Last modified: 11/16/2023 18:53 by crowetic