1. So Genesis is 98 million, how the rest of the coins - 102million will be distributed?
2. Is this Dpos blockchain, if so how look the inflation and for how long?
3. how many delegates will secure the blockchain - delegates will be more like lisk or more ark?
4. most important I think - what is the use case for the coins?
many thanks for any contributions.
Hi Jones, thank you for your comment, it means a lot to us.
We're happy to answer all questions informatively.
1. So Genesis is 98 million, how the rest of the coins - 102million will be distributed? Page 21 of the ADAMANT Whitepaper (https://adamant.im/whitepaper/adamant-whitepaper-en.pdf):"102 millions of ADM tokens (+ transaction fees) will be used to payback the
delegate members for infrastructure support and maintaining the network functional.
To learn more on the forging rewards — please read the “Infrastructure maintaining and
ADM token forging (mining)” section of this original document."
2. Is this Dpos blockchain, if so how look the inflation and for how long?The ADAMANT Blockchain is based on DPoS.
See Page 12 of the ADAMANT Whitepaper (https://adamant.im/whitepaper/adamant-whitepaper-en.pdf) for more details:Token name: ADAMANT (ADM)
● DPoS algorithm (Delegated Proof of Stake)
● Maximum tokens amount: 200 000 000 ADM
● Genesis-block: 98 000 000 ADM
● Block time: 5 seconds (17 280 blocks per day, about 6 307 200 blocks per year)
● Block size: variative (not limited)
● Reward per block:
○ First year: 0.5 ADM per block
○ Another years: decreasing by 0.01 ADM every year till fit 0.1 ADM
○ Rewards start from: block number 2,000,000
3. how many delegates will secure the blockchain - delegates will be more like lisk or more ark?Page 14 of the ADAMANT Whitepaper (https://adamant.im/whitepaper/adamant-whitepaper-en.pdf):"The number of active delegates participating in blocks forging is 101. In case when their
number is lower than that, these 101 votes will be allocated among the existing members
which operate as a full node. The minimum amount of such nodes is 3. The whole system
becomes more stable and reliable with the amount of nodes increasing."
4. most important I think - what is the use case for the coins? Page 21 of the ADAMANT Whitepaper (https://adamant.im/whitepaper/adamant-whitepaper-en.pdf):ADM is a token, which value is ensured by commissions (fees) for message and data
transfer. These fees are designed to fully cover all infrastructure cost dictated by the
needs for anonymous and secure data transmission.
ADAMANT Business Service also includes digital document signing (approving) features.
There is an additional ADM value that is produced through the distribution process of all
remainings of the unsold tokens which were allocated for the ICO campaign. This process
is named “ADAMANT Grows” and users that have enough ADM tokens within their wallet
balances will receive proportionally monthly rewards for the approximate period of a one
year after the ICO ends up.