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block_rewards_distribution
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| Both sides previous revisionPrevious revisionNext revision | Previous revision | ||
| block_rewards_distribution [03/24/2025 15:44] – crowetic | block_rewards_distribution [03/24/2025 15:46] (current) – crowetic | ||
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| The Qortal Logo while Minting is Active. | The Qortal Logo while Minting is Active. | ||
| - | =====Minting Levels===== | + | ===== Minting Levels |
| 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' | ||
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| - **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/or the ' | - **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/or the ' | ||
| - | === previous reward structure | + | ===== 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 | ||
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| No Total Cap on QORT coin, approximately every ‘6 months’ (based on a calculation of 60 seconds per block which is slightly higher) there is a decrease in block reward from its start at 5 QORT, by .25, until 2 QORT is the reward. Thereafter, a vote can be made for an increase or decrease of 0.25 to 1 QORT difference per block via vote, however, this type of vote can only take place one time per ‘year’ (in blocks). For example, if the current block reward was 3 QORT, the vote could only be: 2, 2.25, 2.5, 2.75, 3, 3.25, 3.5, 3.75 & 4 QORT. (Only up to a 1 QORT difference up or down or any 0.25 increment between.) Block reward can only be voted to as low as 1 QORT per block, or as high as 5 QORT per block. These are the minimum and maximum block reward range Qortal will ever potentially see. We are currently at 3.75 QORT per block as of November 18th 2023. You can see the current block height at https:// | No Total Cap on QORT coin, approximately every ‘6 months’ (based on a calculation of 60 seconds per block which is slightly higher) there is a decrease in block reward from its start at 5 QORT, by .25, until 2 QORT is the reward. Thereafter, a vote can be made for an increase or decrease of 0.25 to 1 QORT difference per block via vote, however, this type of vote can only take place one time per ‘year’ (in blocks). For example, if the current block reward was 3 QORT, the vote could only be: 2, 2.25, 2.5, 2.75, 3, 3.25, 3.5, 3.75 & 4 QORT. (Only up to a 1 QORT difference up or down or any 0.25 increment between.) Block reward can only be voted to as low as 1 QORT per block, or as high as 5 QORT per block. These are the minimum and maximum block reward range Qortal will ever potentially see. We are currently at 3.75 QORT per block as of November 18th 2023. You can see the current block height at https:// | ||
| - | =====Reward Schedule & Reduction===== | + | ===== Reward Schedule & Reduction ===== |
| Block 1+ Reward: 5.00 | Block 1+ Reward: 5.00 | ||
block_rewards_distribution.1742845492.txt.gz · Last modified: 03/24/2025 15:44 by crowetic