Have you roadmap or not?
50% or 1000%? Or about 160% if "Approximately ~ 34 000 000 coins after 1 year." What kind of maths do you use?
Good luck!
They are just guess numbers, not accurate, don't make a big deal from guess numbers. The supply of this coin is unlimited, the end, the only different is until block 1 000 000, POS change back to 10% interest per year to reduce circulating supply.
Had the circulating supply reached 13,000,000 BSX even the POW had ended?
https://chainz.cryptoid.info/bsx/Is almost 13M looking at in wallet "getinfo" so as @gawlea said I am OK with the 50% APR to keep the supply low, but is the dev choice.
Thanks for the community opinion.
We've been thinking a lot about our current sitation.
We investigated and decided to stay with actual specs. (no new hardfork)
POS 50% annually will stay.
BitSpace will stay at actual circulating supply 13,000,000 BSX.
That's a good idea to against the inflation of our coin, but some people will be disappointed for not getting 1000% POS as promised. Will they continue to stay with Bitspace or not? I don't know, you can clearly see the prices on exchanges had been dropped significantly, it was somehow around 100 sats per BSX coin, this proves that they'd like to have bigger POS interest rate.
You should make a vote for the community instead of listening to some random guys.
I have a good idea, fix to have 1000% POS until block 500 000, then reduce to 50% POS until block 1 000 000, and switch back to 10% POS.
I want to have bigger POS reward, so i can do more giveaways, some people don't have money but would like to get free coins, and this is how you bring new people into Bitspace rather just holding and staking for yourselves.
For some even 50% is too high. Some will stay, some will leave anyway but new people will come on the boat with time. With or without the 1000% interest or not. Look at B3 what happened with their huge interest coin. My 2 cents!
You are right. So, if 1000% are too much, but 100%? How's about 100% POS until block 500 000, then reduce to 50% POS until block 1 000 000, and switch back to 10% POS? Have a high POS rate at a limit time to let new investors jump in, then reduce to have low supply again. They need to fix the POS reward to keep their promise.
There was a lot of stress with Hardforks. It has always brought a lot of problems.
We decided to continue under actual specs. Low inflation model.
According to our POS reward system.
There are only ~ 1600 new BSX coins generated every day. It is actually (4-5% annually in total).(~584 000 new bsx coins per year)
Our POS system is variable.
Small inputs are in advantage.
If you split your coins into smaller inputs (optimum around 1000 bsx ).
Every 1000 input can earn ~1.5- BSX per day. (50% annually)
Approximately 13 584 000 coins in 1 year.
Approximately 14,168,000 coins in 2 years.
Approximately 14,752,000 coins in 3 years.
Approximately 15,336,000 coins in 4 years.
Approximately 15,920,000 coins in 5 years.