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--- qort_model_-_block_rewards [09/10/2020 07:18] – gfactor
+++ qort_model_-_block_rewards [03/17/2021 02:17] (current) – removed gfactor
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-====Qortal Block Rewards and Distribution====
-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]]):
-===Minting Levels===
-The first accounts able to level, are the minters of QORT. 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 with the block rewards on the system. The rewards of every block, are split via the following:
-- **Levels 1 and 2** minting accounts will obtain **5%** of the block reward.
-\\
-- **Levels 3 and 4** will obtain **10%** of the block reward
-\\
-- **Levels 5 and 6** will obtain **15%** of the block reward
-\\
-- **Levels 7 and 8** will obtain **20%** of the block reward
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-- **Levels 9 and 10** will obtain **25%** of the block reward
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-- **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 'leftover' percentage, which initially will be higher when there aren't users in all of the various level groups, and will decrease over time.
-=== Block Rewards ===
-The block rewards on Qortal are meant to be never-ending.
-Since QORT is both a coin and also used as a service token on chain, there should always be new QORT available to power the various services on the network.
-No Total Coin Cap on QORT, every ‘6 months’ there is a decrease in block reward from its start at 5 coins, by .25, until 2 coins is the reward. That is, unless a vote is made with the suggestion of an increase, which is also possible by submission of a proposal in the system and subsequent vote. The potential for an increase or decrease of up to 1 coin per block is possible via vote, however, this type of vote can only take place one time per ‘year’ (in blocks).
-**Reward Schedule and Reduction**
-Block 1+ Reward: 5.00
-Block 259,201+ Reward: 4.75
-Block 518,401+ Reward: 4.50
-Block 777,601+ Reward: 4.25
-Block 1,036,801+ Reward: 4.00
-Block 1,296,001+ Reward: 3.75
-Block 1,555,201+ Reward: 3.50
-Block 1,814,401+ Reward: 3.25
-Block 2,073,601+ Reward: 3.00
-Block 2,332,801+ Reward: 2.75
-Block 2,592,001+ Reward: 2.50
-Block 2,851,201+ Reward: 2.25
-Block 3,110,401+ Reward: 2.00
-**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.

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