5 LSK per block. Every 17 minutes you forge a block (3/h). About 400 LSK a day or 12,000 LSK a month.
So, yearly there will be around 14.5 millions Lisk created by 101 delegate?
This is a great money to get, woow i would like to be a delegate as well! Imagine Lisk worth 1$ and you get 12k Lisk for keeping the network alive?! SICKKK
This would be too much, I hope Lisk team is serious and would lower this to around 5,000 a month.
1.) The average productivity will probably be around 90%, that means you have to remove 10% out of the calculation.
2.) I assume that there will be movement inside the top 101, that means over the year we probably see 300 delegates or more in this position. So every single person earns much less.
3.) You don't have a chance to get into the top 101 if you don't use the collected funds wisely. I.e. for blockchain apps, Lisk projects, faucets, or our internal plans we reveal soon.
The numbers sound a lot more than they are in reality.
Dear Max!
I really want to sponsor projects from my funds, if I can forging on the mainnet. Please can you tell me what funds/projects you recommend for us?
Lisk will do its own fund for all development which will happen in 5 years+. So this is something where you could contribute to. Additionally, all sorts of community projects. LiskNation, all monitors, new projects which come up, blockchain app plans, etc.
You could even dedicate yourself to a task like marketing. That means with 10% you are supporting our fund. With 70% you are buying advertisements and news articles. 20% is for yourself. I think this is something which we could aim for, people have different kinds of skills and as a delegate they can utilise them.
If every delegate operates like this, it will be great for Lisk.
With 101 delegates, it will be quite a job to check to see which delegates are sticking to the promises they made to get voted in, and which delegates need to be un-voted for treating all of the forged Lisk like personal funds.
If there's no system of accountability, there could be a lot of delegates collectively dumping hundreds of thousands of Lisk each month, and producing no results from it.
This is why I've included in my petition that I'm willing to treat it like a job to check the progress of delegates, and to look at where they are holding and sending the forged Lisk:
https://forum.lisk.io/viewtopic.php?t=842