How is funding being addressed?

xquad
2018-10-18 22:45

Starting June 30th of 2018 the block reward is adjusted to 1500 COLX per block.
The block reward distribution is as follows:

  • 80% (1200 COLX per block) will go to users for Staking and Masternode rewards.
    • Split for 1200 colx is 60% for Masternodes (720 colx) vs. 40% Staking (480 colx)
    • 31.1 million colx per month are minted for masternode rewards (30 days = 43,200 blocks * 720 colx)
    • 20.7 million colx per month are minted for staking rewards (30 days = 43,200 blocks * 480 colx)
  • 10% (150 COLX per Block) will go directly to the official Developer Fund Address (6.48 Million COLX per month): DBKqofwU8QUFYFwNYZetyBbj2Y7oAcWLbX
  • 10% (150 COLX per Block) will be used for governance/budget system (6.48 Million COLX per month. See more on https://governance.colossusxt.io)
  • Transaction Fees will go directly to the official Developer Fund Address rather than being burned: DEKP7sVxwwuN1mtCpTXtjua77XqFBBRaKG
  • If there are no proposals approved in the budget payment cycle, these funds will be routed to the official Developer Fund Address: DE2nWCnyYyWxoUNRg5gEeA7Kx1kpBs2spB
Tags: Block Rewards, Budget, Funding
Average rating: 5 (3 Votes)

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