@everyone
FUNDAMENTAL NODE REWARDS STRUCTURE
In order to give everyone something to look forward to, here is a brief explanation of how the rewards will be structured for Fundamental Masternodes:
During every block confirmation, the oldest Fundamental Masternode in line will receive 60% of the staking reward for that block, then go to the back of the line. The wallet which confirmed the block, thereby generating the block reward, will receive the remaining 40%.
This process is performed between 240 to 250 times per day, or in other words, 7,200 to 7,500 times per month.
The cost to set up a Fundamental Node depends on the current block height and is as follows:
Block 78,000 - 85,000 requires 25 Million B3 coins
Block 85,001 - 95,000 requires 20 Million B3 coins
Block 95,001 - Ongoing requires 15 Million B3 coins
For investors of B3 that currently have smaller amounts of coins, we have not forgotten about you. Fundamental Node Pools will be implemented so you too can participate and earn from this amazing new feature. More details on this to follow soon.
@everyone
COIN SUPPLY RESOLUTION
Through the extremely talented skillsets and hard efforts of both b3coindev aka Joshafest, and Jamie Woodruff, the B3 Team is elated to announce that a solution to the “#1 wallet” has been devised. The #1 wallet, along with its associated wallets have had their assets tracked, and once this upgrade is in place the wallet is frozen and no funds can be transferred or otherwise recovered.
At block 78,000 of the network, we will be performing a hard fork which will immediately, and irrevocably remove the coins in these predetermined wallets from the circulating supply. Once the dust settles we will share the exact amount that was burned. In addition, the team has engineered safeguards in the codebase which will permanently prevent this scenario from ever occurring again.
TEAM CREDITS
We have to thank our Research and Development team made up of Joshafest, Paepenz, Cdr_Archangel, Cryptokane, SubZ12o, SkyHyperV, and Jamie Woodruff, their hard work has not gone unnoticed!
We thank Borngreat, Dravelous Crypto Crow, ErGo and Evanonymous for their amazing vision and leadership skills, helping all of us to get to that next level by motivating and inspiring us daily.
Last but not least, we want to thank the Helpers and you, the Community. Keep an eye out because we have more news coming out soon. Thank you all for B3LIEVING!
Wooo boy! If I'm reading this right, someone's going to be mighty unhappy about getting their piggy bank burned. This is definitely an example of how being #1 is not always the best.
But more importantly, do we have instructions on how to set up a fundamental node yet? I'd like to get started on one or two.