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block_rewards_distribution [01/05/2024 05:39] magic_inkblock_rewards_distribution [02/13/2025 17:20] (current) crowetic
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 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't move. Due to the extreme importance of the minters, they are rewarded a portion of each block reward. 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't move. Due to the extreme importance of the minters, they are rewarded a portion of each block reward.
  
-**Please note:** the rewards have been modified from their original percentages. The rewards of every block, are distributed via the following:+**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%** of the block reward 
 +\\ 
 +- **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 rewardand/or the 'leftover' percentage, which initially will be higher when there aren't users in all of the various level groups, and will decrease over time. 
 + 
 +**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.1704451154.txt.gz · Last modified: 01/05/2024 05:39 by magic_ink