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leveling_system [02/07/2022 08:53] – gfactorleveling_system [04/27/2023 19:40] – gfactor
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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. 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.
  
-{{ :qortal_minting_and_leveling_2020_english.jpg |}}+{{::933df037-60e3-4987-9be3-e3d315e3db13.jpeg?400|}}
  
 ====Minting Levels==== ====Minting Levels====
  
-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't move.+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't move.
  
-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:+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:
  
-- **Levels 1 and 2** minting accounts will obtain **5%** of the block reward.+- **Levels 1 and 2** minting accounts will obtain **6%** of the block reward.
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-- **Levels 3 and 4** will obtain **10%** of the block reward+- **Levels 3 and 4** will obtain **13%** of the block reward
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-- **Levels 5 and 6** will obtain **15%** of the block reward+- **Levels 5 and 6** will obtain **19%** of the block reward
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-- **Levels 7 and 8** will obtain **20%** of the block reward+- **Levels 7 and 8** will obtain **24%** of the block reward
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-- **Levels 9 and 10** will obtain **25%** of the block reward+- **Levels 9 and 10** will obtain **32%** of the block reward
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-- **QORA holders transitioning into QORT will obtain 20% of the block reward**+- **QORA holders transitioning into QORT will obtain 1% of the block reward**
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--Note- QORA holders do NOT have to be minters in order to earn their transition into QORT coin. FOUNDERS, however, DO.+**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 'online block count' for leveling up. 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 'online block count' for leveling up.
  
-- **Founders** will obtain a minimum of **5%** of the block reward, and/or the 'leftover' percentage, which initially will be higher when there aren't users in all of the various level tiers, and will decrease over time as minters level up and fill the level tiers.+- **Founders** will obtain a minimum of **3%** of the block reward, and/or the 'leftover' percentage, which initially will be higher when there aren't enough users in all of the various level tiers, and will decrease over time as minters level up and fill the level tiers.  No rewards will be distributed to a tier (for example Levels 7 & 8, or 9 & 10 together), until there are 30 minters in that tier.  If a tier has between 1-29 minters, their rewards will be combined with and distributed to the previous level as well.  This ensures that a small number of minters do not earn a large percentage of the minting rewards to themselves.
  
 //Above is the initial split for minters based on their level. This split is subject to modification in the future, via either a vote by the users, or if necessary, a modification by the development team. (It is the goal of the system, **to eventually not need modification of anything without votes**, however, in the beginning, it is likely that sometimes it will be inevitable for changes to be made without them.)// //Above is the initial split for minters based on their level. This split is subject to modification in the future, via either a vote by the users, or if necessary, a modification by the development team. (It is the goal of the system, **to eventually not need modification of anything without votes**, however, in the beginning, it is likely that sometimes it will be inevitable for changes to be made without them.)//
 +
 +*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.
  
 === 'Leveling Up' === === 'Leveling Up' ===
  
-As the entire design of the minting system suggests... The importance for the minter in Qortal, is that of SUPPORTING THE BLOCKCHAIN BY BEING A FULL NODE. As a full 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 'online block' for every minter, is cemented into the blockchain. It is impossible to 'trick the core' into thinking you are online when you are not, as every node that has a minting key assigned to it, must 'verify' itself every block, by performing a special signature tied with a timestamp, and submitted within a given timeframe (5 minutes). +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 'online block' for every minter, is cemented into the blockchain. It is impossible to 'trick the core' into thinking you are online when you are not, as every node that has a minting key assigned to it, must 'verify' itself every block, by performing a special signature tied with a timestamp, and submitted within a given timeframe (5 minutes). 
  
-As a minter, you will '**level up**' as you continue to prove yourself a supporting node, and increase the count of your 'online blocks' therein. Leveling up gives you many advantages...+As a minter, you will '**level up**' as you continue to prove yourself a supporting node on the network, and increase the count of your 'online blocks' therein. Leveling up gives you many advantages...
  
 - You can vote with more influence when you are higher level. - You can vote with more influence when you are higher level.
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-- You can begin to 'sponsor' the creation of other minters, once reaching Level 5. 
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 - You will earn more in terms of rewards as you level up. - You will earn more in terms of rewards as you level up.
 +\\
 +- You can begin to 'sponsor' the creation of other minters, once reaching Level 5.
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 - More advantages will come as the Qortal System continues to evolve and change and new versions are released. - More advantages will come as the Qortal System continues to evolve and change and new versions are released.
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 Minters CAN assign their minting key to MULTIPLE NODES. The same key can be used on multiple nodes, to provide 'redundancy' for the minter of the assigned key. Minters CAN assign their minting key to MULTIPLE NODES. The same key can be used on multiple nodes, to provide 'redundancy' for the minter of the assigned key.
  
-In the future, there will be a 'bonus' given to those minters who have decided to provide their key to multiple nodes, and thus provide further support to the network, however, at first, there is no benefit other than redundancy for the minter.+**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 as possible on the network.
  
-Increase in level happens solely by continuing to prove yourself a full node, sync'd, 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.
  
-The following shows the amount of blocks needed FROM ONE LEVEL TO THE NEXT. These are NOT CUMULATIVE and must be accomplished EACH LEVEL (starting back at 0 upon level increase taking place). See below.+The following shows the amount of blocks needed FROM ONE LEVEL TO THE NEXT. These are NOT CUMULATIVE and must be accomplished EACH LEVEL (starting back at 0 upon level increase taking place):
  
 From level 0 to 1: **‭7,200‬‬ blocks** From level 0 to 1: **‭7,200‬‬ blocks**
leveling_system.txt · Last modified: 04/27/2023 19:48 by gfactor

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