If you've been following CatoCoin closely you're aware that when we reached 31 MN's the reward was scheduled to increase from 5.2 CatoCoins to 5.64 along with a collateral increase from 2,200 to 2,400 coins. The collateral increase went into effect, but the reward increase did not. Our development team has concluded the issue was an oversight on their part, for which they feel terrible. They have looked carefully at the codebase and concluded that any change to rewards at this point in time would require a fork. If we were to fork the coin, Crypto-Bridge.org requires 7 days notice and will immediately lock all withdrawals and deposits to protect coins that are on deposit and avoid any unnecessary support tickets that could arise from lost deposits or withdrawals. This would interrupt valuable trading for multiple days.
After a thorough analysis of the rewards schedule and many conversations with the development staff, technical advisers and our initial Masternode owners we have decided that a fork is not in the best short-term or long-term interest of the coin and it's holders and we will allow the current reward of 5.2 coins/block continue to Masternode 61, when the collateral is scheduled to increase as planned with the existing wallet. This decision was based on multiple factors, the most important being that the current reward of 5.2 coins as opposed to an increase to 5.64 only decreases ROI from 3,956% --> 3,674%, ROI days is only increased from 9.4 days --> 9.9 days and finally there would be no interruption in the ability of coin holders and potential buyers to buy and sell CatoCoin on Crypto-Bridge. As pointed out by numerous coin holders this change penalizes no one and benefits no one.
