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qort_model_-_block_rewards [09/11/2020 03:45] – gfactor | qort_model_-_block_rewards [03/16/2021 03:09] – gfactor | ||
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The block rewards in Qortal are distributed evenly, regardless of the minter who actually finds the block. The rewards, instead, are based on the level of the minter as far as who receives more or less of every block. | The block rewards in Qortal are distributed evenly, regardless of the minter who actually finds the block. The rewards, instead, are based on the level of the minter as far as who receives more or less of every block. | ||
- | See distribution chart below (taken from [[QORT model - Leveling System|Leveling System]]): | + | Behold, the Official |
+ | {{ | ||
+ | :45d8cf2d-33c3-469d-8a41-da72c44afea9.jpeg | ||
===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 found, and the chain progresses forward. Without the minters, the chain doesn' | + | 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 found, and the chain progresses forward. Without the minters, the chain doesn' |
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: | ||
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- **Levels 9 and 10** will obtain **25%** of the block reward | - **Levels 9 and 10** will obtain **25%** of the block reward | ||
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- | - **QORA holders transitioning into QORT service token will obtain 20% of the block reward** | + | - **QORA holders transitioning into QORT coin will obtain 20% of the block reward** |
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- **Founders** will obtain a minimum of **5%** of the block reward, and/or the ' | - **Founders** will obtain a minimum of **5%** of the block reward, and/or the ' | ||
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=== Block Rewards === | === Block Rewards === | ||
- | The block rewards on Qortal are meant to be never-ending. | + | The block rewards on Qortal are meant to be never-ending. Since QORT is a coin on chain, there should always be new QORT available to power the various services on the network. |
- | Since QORT is a service token on chain, there should always be new QORT available to power the various services on the network. | + | No Total Cap on QORT coin, every ‘6 months’ there is a decrease in block reward from its start at 5 QORT, by .25, until 2 QORT is the reward. |
- | + | ||
- | No Total Cap on QORT service token, every ‘6 months’ there is a decrease in block reward from its start at 5 QORT, by .25, until 2 QORT is the reward. | + | |
**Reward Schedule and Reduction** | **Reward Schedule and Reduction** | ||
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Block 3,110,401+ Reward: 2.00 | Block 3,110,401+ Reward: 2.00 | ||
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- | **Please remember:** No rule is forever in the Qortal Network, it is only as long as it remains agreed upon and not challenged by a proposal and subsequent vote. |