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- | =====Leveling System===== | ||
- | In QORT, there is a system of ' | ||
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- | 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 [[QORT model - account types|Account types]] ) giving multiple different types the ability to 'level up' in the system, and gain more voting influence, form committees, etc. | ||
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- | ====Minting Levels==== | ||
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- | 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 signed into the chain, and the chain progresses forward. Without the minters, the chain doesn' | ||
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- | 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 1 and 2** minting accounts will obtain **5%** of the block reward. | ||
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- | - **Levels 3 and 4** will obtain **10%** of the block reward | ||
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- | - **Levels 5 and 6** will obtain **15%** of the block reward | ||
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- | - **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 will obtain 20% 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. FOUNDERS, however, DO. | ||
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- | 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 ' | ||
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- | - **Founders** will obtain a minimum of **5%** of the block reward, and/or the ' | ||
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- | //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.)// | ||
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- | === ' | ||
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- | 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 sync'd 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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- | As a minter, you will ' | ||
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- | - You can vote with more influence when you are higher level. | ||
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- | - You can begin to ' | ||
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- | - You will earn more in terms of rewards as you level up. | ||
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- | - 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 ' | ||
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- | In the future, there will be a ' | ||
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- | Increase in level happens solely by continuing to prove yourself a full node, sync' | ||
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- | 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... | ||
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- | From level 0 to 1: **7, | ||
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- | From level 1 to 2: **64, | ||
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- | From level 2 to 3: **129,600 blocks** | ||
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- | From level 3 to 4: **172,800 blocks** | ||
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- | From level 4 to 5: **244,000 blocks** | ||
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- | From level 5 to 6: **345,600 blocks** | ||
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- | From level 6 to 7: **518, | ||
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- | From level 7 to 8: **691,200 blocks** | ||
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- | From level 8 to 9: **864,000 blocks** | ||
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- | From level 9 to 10 (max level): **1,036,800 blocks**. | ||
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