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Topic: [ANN][Blocknet] truly decentralized exchange | token ecosystem infrastructure - page 84. (Read 1103308 times)

legendary
Activity: 1190
Merit: 1000
To commodify ethicality is to ethicise the market
member
Activity: 70
Merit: 10
All In One Social
In one hour, we will make the announcement on the launch of the Blocknet's production blockchain, and the service that gives $BLOCK intrinsic value.

I've been hearing about "BLOCKNET" a lot these days.

Still waiting for the announcement though. Is there anything new on the technology front?
legendary
Activity: 1190
Merit: 1000
To commodify ethicality is to ethicise the market
In one hour, we will make the announcement on the launch of the Blocknet's production blockchain, and the service that gives $BLOCK intrinsic value.
newbie
Activity: 42
Merit: 0
Hello everyone, glad to see blocknet entering the elite crypto players. Do we have any clue as to what's gonna happen with the XC project? Still in love with it.
full member
Activity: 141
Merit: 100
At the moment POS is at 3%. Thats fact! Everything else we will see when the new chain is there and they probably adjust some settings!
sr. member
Activity: 371
Merit: 252
What is the inflation rate on Blocknet ?
In the initial post it says : Coin supply: 3,910,516 BLOCK
And on coinmarketcap it says total supply 10,083,163 BLOCK ?


Those 6 million coins were left undistributed coins at the ICO years ago and got burned long time ago correct me if I am wrong here.

You are completely correct. Smiley

Wow never knew that... So basically your saying that from now on there will only be a little inflation due to POS rewards? What is the daily rate at the moment? This is a game changer to me since only now i understood that 66% of the total coin supply shown on coinmarketcap has already been burned... Where can i find this burn proff and transactions? I think you could benefit from having that in OP since most people see coinmarketcap for coin supply and get the wrong idea...

There will be no POS I believe only trade fees if you own a masternode. For now you need 5K block to run a masternode but the amount will be votable by community and is destined to be lowered in the future anyway as price rises. Also the burn issue will be adressed shortly in the next update.

Not sure that is correct.
Im not sure but I think Staking will go to 6 to 7% with the new code, with 10% of that portion automatically allocated to development fund.  If you are also running a node, then overall staking/profit share could be up to 15%.  But as I said, I am not sure.


Sounds like this needs some clearing up. Currently PoS is at 3%.

It has been mentioned that'll change to add a dev fund fee and I thought I read it would be taken from the original 3%.

Also, I thought they will include trade fees as a reward to all block holders that should offset the dev cut. I would expect that reward to be much less than running a node, obviously.
hero member
Activity: 771
Merit: 521
What is the inflation rate on Blocknet ?
In the initial post it says : Coin supply: 3,910,516 BLOCK
And on coinmarketcap it says total supply 10,083,163 BLOCK ?


Those 6 million coins were left undistributed coins at the ICO years ago and got burned long time ago correct me if I am wrong here.

You are completely correct. Smiley

Wow never knew that... So basically your saying that from now on there will only be a little inflation due to POS rewards? What is the daily rate at the moment? This is a game changer to me since only now i understood that 66% of the total coin supply shown on coinmarketcap has already been burned... Where can i find this burn proff and transactions? I think you could benefit from having that in OP since most people see coinmarketcap for coin supply and get the wrong idea...

There will be no POS I believe only trade fees if you own a masternode. For now you need 5K block to run a masternode but the amount will be votable by community and is destined to be lowered in the future anyway as price rises. Also the burn issue will be adressed shortly in the next update.

Not sure that is correct.
Im not sure but I think Staking will go to 6 to 7% with the new code, with 10% of that portion automatically allocated to development fund.  If you are also running a node, then overall staking/profit share could be up to 15%.  But as I said, I am not sure.
sr. member
Activity: 490
Merit: 264
| Privacy Advocate | Game Theory | Free Thinker |
What is the inflation rate on Blocknet ?
In the initial post it says : Coin supply: 3,910,516 BLOCK
And on coinmarketcap it says total supply 10,083,163 BLOCK ?


Those 6 million coins were left undistributed coins at the ICO years ago and got burned long time ago correct me if I am wrong here.

You are completely correct. Smiley

Wow never knew that... So basically your saying that from now on there will only be a little inflation due to POS rewards? What is the daily rate at the moment? This is a game changer to me since only now i understood that 66% of the total coin supply shown on coinmarketcap has already been burned... Where can i find this burn proff and transactions? I think you could benefit from having that in OP since most people see coinmarketcap for coin supply and get the wrong idea...

See this post from previous page. Last paragraph.  Grin

Any news team as it was announced  3/4 week of july would bring about some big changes? Thank you.

Your timing is excellent. Smiley




We have a major announcement to make in the next few days. Here is a little primer:

The upcoming release will retire the interim wallet and launch the Blocknet production chain!

In addition to bringing OP_CHECLOCKTIMEVERIFY to the mainnet, the release will bring us fully up to date with all the enhancements made to Bitcoin Core over the past several years.

Finally, the release is a migration to a new chain, which will enable us to remove the often-misinterpreted burn address, among several other exciting possibilities


Stay tuned.







Awesome! Thank you very much
hero member
Activity: 771
Merit: 521
Exciting News incoming later today.
hero member
Activity: 771
Merit: 521
What is the inflation rate on Blocknet ?
In the initial post it says : Coin supply: 3,910,516 BLOCK
And on coinmarketcap it says total supply 10,083,163 BLOCK ?


Those 6 million coins were left undistributed coins at the ICO years ago and got burned long time ago correct me if I am wrong here.

You are completely correct. Smiley

Wow never knew that... So basically your saying that from now on there will only be a little inflation due to POS rewards? What is the daily rate at the moment? This is a game changer to me since only now i understood that 66% of the total coin supply shown on coinmarketcap has already been burned... Where can i find this burn proff and transactions? I think you could benefit from having that in OP since most people see coinmarketcap for coin supply and get the wrong idea...

See this post from previous page. Last paragraph.  Grin

Any news team as it was announced  3/4 week of july would bring about some big changes? Thank you.

Your timing is excellent. Smiley




We have a major announcement to make in the next few days. Here is a little primer:

The upcoming release will retire the interim wallet and launch the Blocknet production chain!

In addition to bringing OP_CHECLOCKTIMEVERIFY to the mainnet, the release will bring us fully up to date with all the enhancements made to Bitcoin Core over the past several years.

Finally, the release is a migration to a new chain, which will enable us to remove the often-misinterpreted burn address, among several other exciting possibilities


Stay tuned.
newbie
Activity: 58
Merit: 0
What is the inflation rate on Blocknet ?
In the initial post it says : Coin supply: 3,910,516 BLOCK
And on coinmarketcap it says total supply 10,083,163 BLOCK ?


Those 6 million coins were left undistributed coins at the ICO years ago and got burned long time ago correct me if I am wrong here.

You are completely correct. Smiley

Wow never knew that... So basically your saying that from now on there will only be a little inflation due to POS rewards? What is the daily rate at the moment? This is a game changer to me since only now i understood that 66% of the total coin supply shown on coinmarketcap has already been burned... Where can i find this burn proff and transactions? I think you could benefit from having that in OP since most people see coinmarketcap for coin supply and get the wrong idea...

There will be no POS I believe only trade fees if you own a masternode. For now you need 5K block to run a masternode but the amount will be votable by community and is destined to be lowered in the future anyway as price rises. Also the burn issue will be adressed shortly in the next update.
sr. member
Activity: 490
Merit: 264
| Privacy Advocate | Game Theory | Free Thinker |
What is the inflation rate on Blocknet ?
In the initial post it says : Coin supply: 3,910,516 BLOCK
And on coinmarketcap it says total supply 10,083,163 BLOCK ?


Those 6 million coins were left undistributed coins at the ICO years ago and got burned long time ago correct me if I am wrong here.

You are completely correct. Smiley

Wow never knew that... So basically your saying that from now on there will only be a little inflation due to POS rewards? What is the daily rate at the moment? This is a game changer to me since only now i understood that 66% of the total coin supply shown on coinmarketcap has already been burned... Where can i find this burn proff and transactions? I think you could benefit from having that in OP since most people see coinmarketcap for coin supply and get the wrong idea...
hero member
Activity: 1088
Merit: 531
Free Crypto in Stake.com Telegram t.me/StakeCasino
What is the inflation rate on Blocknet ?
In the initial post it says : Coin supply: 3,910,516 BLOCK
And on coinmarketcap it says total supply 10,083,163 BLOCK ?


Those 6 million coins were left undistributed coins at the ICO years ago and got burned long time ago correct me if I am wrong here.

You are completely correct. Smiley
newbie
Activity: 58
Merit: 0
What is the inflation rate on Blocknet ?
In the initial post it says : Coin supply: 3,910,516 BLOCK
And on coinmarketcap it says total supply 10,083,163 BLOCK ?


Those 6 million coins were left undistributed coins at the ICO years ago and got burned long time ago correct me if I am wrong here.
full member
Activity: 141
Merit: 100
Coin supply: 3,910,516 BLOCK

Rest ~6 mios is Burn Adress
sr. member
Activity: 270
Merit: 250
What is the inflation rate on Blocknet ?
In the initial post it says : Coin supply: 3,910,516 BLOCK
And on coinmarketcap it says total supply 10,083,163 BLOCK ?
newbie
Activity: 58
Merit: 0
Good question! Still seems a bit unclear but that could be me and my limited understanding of the project.
sr. member
Activity: 994
Merit: 277
hero member
Activity: 771
Merit: 521
Blocknet VTC for SYS Decentralized Trade Across Blockchains

newbie
Activity: 64
Merit: 0
Really?

You guys are deleting/removing the burn address with 6 mio coins? Just by doing that, the price should go up with at least 100% in my head, a ''no brainer''?
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