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| leveling_system [03/12/2023 06:51] – gfactor | leveling_system [07/22/2025 18:50] (current) – crowetic | ||
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| - | In Qortal, there is a system | + | ===== An Update Regarding Rewards System Clarity ===== |
| - | \\ | + | Please note: **For whatever reason, exqlorer.com |
| - | At first, | + | |
| - | 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. | + | === Current ACTUAL payout structure |
| - | {{:: | + | This payout structure **will remain this way until there are ANY active minters in the highest tier (level 9-10)**. Once that happens, and until there are 30 ACTIVE at any given moment, THAT is the only time the payout structure (very temporarily) could potentially look like what is currently displayed on exqlorer... (meaning, once there HAVE BEEN any number of active minters in the 9-10 tier, but there are not currently 30+ active, THAT is when it could potentially be the case that the tier below it, along with the minters from the tier above, could obtain the rewards from both tiers. But then, and ONLY THEN, is when that can take place.) |
| - | ====Minting Levels==== | + | **THE ABOVE SITUATION ONLY HAPPENS AFTER ACTIVE MINTERS HAVE EXISTED IN THE HIGHEST TIER. BEFORE THE HIGHEST TIER HAS EVER HAD MINTERS, THOSE REWARDS ARE SPLIT BETWEEN MINTER AND DEV ADMINS 50/ |
| - | 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' | + | See below for details: |
| - | 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: | + | __level |
| - | - **Levels 1 and 2** minting accounts will obtain **6%** of the block reward. | + | __level |
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| - | - **Levels | + | |
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| - | - **Levels 5 and 6** will obtain **19%** of the block reward | + | |
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| - | - **Levels 7 and 8** will obtain **24%** of the block reward | + | |
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| - | - **Levels 9 and 10** will obtain **32%** of the block reward | + | |
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| - | - **QORA holders transitioning into QORT will obtain 1% of the block reward** | + | |
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| - | **Please note:** 1) QORA holders do NOT have to be minters in order to earn their transition into QORT coin. FOUNDERS and all other account types however, DO. 2) tiers 7/8 and 9/10 require at least 30 minters before they become active. If a tier has between 1 and 29 minters, the rewards are combined and shared with the previous tier. | + | |
| - | 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 ' | + | __level 5+6 (tier 3)__ = **19%** |
| - | - **Founders** will obtain a minimum of **3%** of the block reward, and/or the ' | + | __level 7+8 (tier 4)__ = **26%** |
| - | //Above is the initial split for minters | + | < |
| - | *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. | + | MinterAdmin+DevAdmin Base Percentage = **3%** (1.5% MinterAdmins + 1.5% DevAdmins) |
| + | (Total Currently going to MinterAdmins + DevAdmins = 32+3 = 35% (17.5% MinterAdmins 17.5% DevAdmins)) | ||
| - | === 'Leveling Up' === | + | __Total Currently going to QORA BURN__ |
| + | |||
| + | Once the level 9+10 tier has minters, the rewards THEN go to the tier below AND the higher tier (minters+rewards), | ||
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| + | ====Removal of 'Founder' | ||
| + | The leveling system remains the same, however there is **NO MORE FOUNDER TIER**. The rewards that were previously given to the founder tier, **are now given to the Dev Admins, and Minter Admins**. | ||
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| + | Dev Admins and Minter admins share the previous founder rewards tier 50/50 split. | ||
| + | |||
| + | ==== Original Minting Information ==== | ||
| + | In Qortal, there is a system of ' | ||
| + | \\ | ||
| + | At first, the minter account type is the only type that can obtain and gain in levels. This means that the minters are the only ones who can vote for changes in the system, create committees, and any of the other aspects that are relevant to the leveling system. | ||
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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. | ||
| + | |||
| + | {{:: | ||
| As the entire design of the minting system suggests, the importance for the minter in Qortal, is that of SUPPORTING THE BLOCKCHAIN BY RUNNING A MINTING NODE. As a minting node is very important for the overall health of any blockchain, we have decided to delegate that importance by enforcing the minters being online and synced as the main contributing factor. As such, since we realize this importance, being ONLINE is tracked by the Qortal Core, and every ' | As the entire design of the minting system suggests, the importance for the minter in Qortal, is that of SUPPORTING THE BLOCKCHAIN BY RUNNING A MINTING NODE. As a minting node is very important for the overall health of any blockchain, we have decided to delegate that importance by enforcing the minters being online and synced as the main contributing factor. As such, since we realize this importance, being ONLINE is tracked by the Qortal Core, and every ' | ||
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| Minters CAN assign their minting key to MULTIPLE NODES. The same key can be used on multiple nodes, to provide ' | Minters CAN assign their minting key to MULTIPLE NODES. The same key can be used on multiple nodes, to provide ' | ||
| - | **Please note:** there is no benefit to running more than one node other than redundancy for the minter. Meaning you will not earn additional block reward for running more than one node - but this can be a great way to ensure your minting account is minting as many blocks | + | **Please note:** there is no benefit to running more than one node other than redundancy for the minter. Meaning you will not earn additional block reward for running more than one node - but this can be a great way to ensure your minting account is minting as many blocks |
| Increase in level happens solely by continuing to prove yourself a full node that is synced, and being assigned to a given minting key. As you do this, you will increase in level. | Increase in level happens solely by continuing to prove yourself a full node that is synced, and being assigned to a given minting key. As you do this, you will increase in level. | ||