on POS Rewards change: Looking for more of 'what day'. Date of coin launch or date of full POS
Hi, here is a more detailed explanation:
The real measurement for stake change are correlated with average block numbers per year + the 15 days average blocks (days POW lasted)
1 year average block number + 15 days average blocks number = block number for stake change for the first year.
rewards change at block numbers, which are estimated dates based on blocks average
this translates to:
Rewards started at 69% for the first year.
after 1st year
501257 blocks (year average) + 20000 blocks (15 days average) = 521,257 (Block Number for 1st year change of rewards) Reward goes 20% for the second year.
after 2nd year
previous block range (521,257 blocks) + 501257 blocks (year average) = 1,022,514 (Block Number for 2nd year change of rewards) Reward goes 10% for the third year.
after 3rd year
previous block range (1,022,514 blocks) + 501257 blocks (year average) = 1,523,771 (Block Number for 3nd year change of rewards) Reward goes to 6% for the 4th and upcoming years.
Hope the explanation makes the process more easy to understand, feel free to ask further doubts you might have. Best Regards.
**People asked for OP on the community channel, I will leave this here for the community.
Everyone that steps forward in the community and supports it can get op. this is your coin, our coin and as a community everyone of us have the same power based on consensus and transparency, feel free to pm any of the ops on the community channel at IRC (except for the bots they don't answer pms, they are shy) or to post your ideas or commitment here on the ANN and you can continue to make history making OK even better with your skills at your own times with a recognized position and supported by the community. a small motivational clip of part of the philosophy that supports us in what we are doing here:
Thanks everyone for your support.
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