The rewards are out of whack right now.
The upcoming update will fix them to around 8%.
what i dont understand is why is it fixed 8%? shouldnt it be total mined / 50 % / all mns? so the lesser mns the more payout?!
also i wouldnt lower the mn reqs 2 much, you can have the situation like pivx where staking is more profitable than mns and this makes it kind of absurd
you can always stake, but investing hard in a coin should get rewarded
It isn't going to be fixed at 8% but will actually be higher than that until the master nodes start to build up.
The master nodes will get 80% of minted coins after the update.
and what will the total token creation be? around 11.5 mil right? 80% of those go to mn holder of the next decades?!
Yes, the 30 million hard cap would be reached in about 10 years under the new payment amount.
It might end up being 26 million INSN if the remaining Insanes don't get swapped in time. Less than 2 weeks left.
Yeah, I suspect there will be some coins that end up not being swapped by the 11th.
We did swap some coins before the majority of them were sent to Nova for network security and basically to keep the chain moving. In fact, I have kept my old INSANE wallet up and running with coins staking for 2 1/2 months.
https://chainz.cryptoid.info/insane/
(still moving but moving slowly)
We are going to send those old INSANE coins to the burn address on the 12th and the network will die.