Spring Staking PromotionIt is spring time, better weather, better prices so many good news.
However as always there is some cons. Percentage of coins being staked on regular basis dropped from above 20% to about 16%. It seems number of people decided to move their money onto exchanges and stopped staking. I would like to encourage the opposite trend.
The idea is to pay additional bonuses to people who stake. This is my current proposal:
Every 10th block being minted earns additional 100 NOBLE
Every 100th block being minted earns additional 1000 NOBLE
Every 1000th block being minted earns additional 10000 NOBLE
Every 10000th block being minted earns additional 100000 NOBLE
The reward is going to be paid with delay of up to several hours due to security precautions. So be patient and it will finally reach its destination
I am going to devote 1 million coins from my own purse for this program. The coins were earned by working on bounties. This should provide enough funds to keep it going for whole April and maybe bit longer.
I am running some tests to see how this works so handful of people have already earned rewards
Tentative date to start this program is 7th AprilPlease let me know what you think about this idea. Any comments, concerns, or maybe someone is willing to donate more funds to this? With more funds we could keep it running longer or maybe consider paying 1 million NOBLE for block number 400 000 which should be minted in about a month from now.
Hi eagleflies, thanks for running this incentive for staking.
I have contributed 500,000 Noble to the cause. Keep it going....
Thanks,
-Kushed