- Proof of Reserve (PoR)
Proof of Reserve (PoR) is a brand new block generation method based on PoS but having additional features
- Reserves held by users are vaulted balances for a specified timeframe, having a specified return option.
- Returns are calculated by the network and paid every 6 hours to active balances.
- The amount of the return is decided by the longevity of the ReserveRate you choose.
- Reserve rates are
- 7.5% per year for a Reserve of 3 days
- 8% per year for a Reserve of 7 days
- 8.5% per year for a Reserve of 10 days
- 9% per year for a Reserve of 15 days
- 9.9% per year for a Reserve of 30 days
- Reserved units can be released from Reserve before the end of the reserving period for a fee of 0.5% of the Reserved amount. The fee is sent to a burn address so it helps in balancing the inflation.
