So if I use 10k of my heat tokens I will get 11 tokens per day? Where will my tokens be stored? Can I use them at any time?
Just an update for heatpool.xyz :
A basic PoS + PoP Rewards Calculator is now active on the page, so you can see how much HEAT will be generated approximately doing PoP and PoS every day!
A basic PoS + PoP Rewards Calculator is now active on the page, so you can see how much HEAT will be generated approximately doing PoP and PoS every day!
There are 2 options for doing PoS and PoP for HEAT. Either run it locally on your own hardware with a balance, either leased from your main wallet to keep it secure, and generate the rewards locally, running HEAT 24/7 (I was going to do this option before I thought of a pool idea). The other option is using a service like heatpool so a user does not need to run HEAT 24/7. Heatpool will run HEAT on a server, and users will be able to Lease a balance to the heatpool, so your HEAT is only leased for a set period of time that you would specify. Specifics for leasing options has not been released by the dev team yet. The 11 HEAT per day would add up on the server and rewards proportional to all leasing participants would be sent out back to the origin accounts that the leased balances come from on a regular basis. If you want to stop leasing your 10k balance to heatpool, I'm sure the devs will implement an option to cancel a lease, or it will automatically return at the end of the lease period (I believe).
This is still early, but the concept is there. Once development progresses, heatpool will get worked on so people have an option to do PoS and PoP without running locally.
Excellent news, I really like this concept.
