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How frequent are stakes when you have, lets say 100k coins, or better yet, 1 million coins? How large do the coin stacks need to be? How large are the stakes? Are the size of the stakes fixed? How many coins are in existence other than the 500 million being put out for the ICO? The 50% APR is that only for the first year, or is that forever, or is there some type of scale? I guess these should suffice so far.
I have others, but I would like to see the majority of those questions answered plus more specifics provided about the features of the coin as it pertains to launch as well as the short term future and long term future, otherwise i'm probably going to have to pass.
A great set of questions and you're probably not the only one wondering.
Ubiquoin is a POS coin that stakes at 50% per year. Staking starts immediately and is continuous to keep you at your 50%.
The quantity of coins you have will affect your stake weight, so the time it takes for you to generate blocks, but over time you will earn 50% per year on what ever quantity of coins you are holding in your wallet.
The stake rate is fixed in the code so unless a fork is determined in the future by the community (not a likely event) then the rate will remain at 50% indefinitely.
500M UBIQ were created when the network was started and a little over 48M were created through staking during that time. Most of the staked coins have been used to build the community to this point through bounties and other payouts.
We will be releasing details about some of our upcoming plans in the coming days. Some of these efforts include our merchant services gateway, cryptocurrency cards and physical coins to name a few.
Our focus is on U ... Usability. Utility. Ubiquity.
