Hello friends!
Today we are going to talk about Metahash Coin (MHC) forging and delegation
You'll see how you can apply the wonder of compound interest to the #Metahash ecosystem, and be able to powerfully amplify your earnings...
Follow us...
metahash.org
#MHC Forging & Delegation
40% are distributed among the owners of the network's nodes
Nodes with the highest technical performance and a large number of delegated coins can become the core of the network. The system is designed to encourage users to add nodes with maximum capacity. Rather than requiring a multitude of computers, the system needs a limited number of computers with high processing capacity, as well as weaker computers that could perform the role of Proxy Nodes and protect the network's core. As the network fills with high-performance nodes, the amount of transactions that the network can carry out per unit time increases.
Currently there are 4 types of nodes available:
-
Infrastructure Torrent Node
-
Proxy Node
-
Torrent
-
Core
The potential node owner should run a test to be approved for one of the node roles, the user may specify which role he prefers.The minimum requirements for passing a test must comply with the requirements in Yellow Paper
This 40% nodes’ reward pool will be split into 6 equal geo/node parts:
Infrastructure Torrent Node Asia
-
Infrastructure Torrent Node Europe
-
Infrastructure Torrent Node Americas
-
Proxy Node Asia
-
Proxy Node Europe
-
Proxy Node Americas
Each node will be automatically affiliated to one of the regions based on the speed tests in these internet connectivity clusters.
With further introduction of other roles, the total amount of which according to current plans will make up to 5 or more including proxy and
infrastructure torrent nodes, the reward system will be adjusted in order to keep it clear, predictable, and fair for all node owners. All changes will
be respectively added to White Paper and Yellow Paper.
Minimum stakes:
To become an active node, a minimum of delegated coins is required.
-
500,000 #MHC to act as an Infrastructure Torrent Node with a maximum voting strength of 10,000,000 delegated #MHC per node.
-
100,000 #MHC to act as a Proxy Node with a maximum voting strength of 1,000,000 delegated #MHC per node.
-
1,000 #MHC to participate in Active Forging with Wallet.
10% is paid to the owners of Wallet nodes (Forging Wallets)
Wallet Forging Reward pool is distributed in two ways:
-
1% - Equally shared between all active wallets which forge with not less than 100 #MHC.
-
9% - Randomly shared between active wallets which forge with not less than 1,000 #MHC. Winning wallets for a new round are chosen with a mathematical formula providing a random distribution of active wallets based on the previous trim's hash value (that is, from all transactions that occurred before the end of the last round). Thus, winners become known immediately at the start of a new round and their wallets receive corresponding notifications. Since the hash of the past trim is known throughout the network, all users can easily check the correctness of the calculation using the same mathematical formula. During multiple hash upon hash calculation, a wallet that is closer to the current hash number in this round gets its place and the next hash is calculated to determine a new winner
Wallets protect the integrity of the system. Thanks to wallets, the system can't be controlled by anyone even if they own more than 67% of all #MHC. In contrast to nodes, wallets can't generate significant rewards but may still bring a nice bonus to any network user
Let's calculate the awards for wallets assuming that the Wallet Forging reward pool on this day is 190,400 #MHC (10% of the daily rewards pool during the first year) ignoring commissions that increase the reward pool:
1% is shared equally between all Forging Wallets (100 #MHC frozen). Every full 4 hours of Forging guarantee 1 share from this reward.
-
1%: shared reward is 19,408.22 #MHC
9% for a sweepstake with 1,000 winning tickets every day at 00:00 UTC. Every full 4 hours of Active Forging (1,000 #MHC frozen) add tickets to wallet's daily stake increasing chances for rewards:
-
4%: first place (77632,88 #MHC)
-
1%: second place (19408,22 #MHC)
-
0.5%: third place (9704,11 #MHC)
-
0.415%: fourth place (8054,4113 #MHC)
-
0.335%: fifth place (6501,7537 #MHC)
-
0.95%: from 6th to 100th (0.01% or 194.0822 #MHC each)
-
1.8%: from 101st to 1,000th (0.002% or 38.81644 #MHC each)
Below is an example of how Nodes and delegation rewards are calculated
As an example, let's calculate the rewards assuming that the reward pool is 1,904,000 #MHC
-
50% of reward is given to delegated coins and is 952,000 #MHC;
-
40% of reward is given to Node owners for supporting Nodes and is 761,600 #MHC;
-
Alice took part in delegating with 1,000,000 #MHC, and a total of 10,000,000 #MHC is delegated to Nodes;
-
Alice will receive 10% of 952,000 #MHC = 95,200 #MHC;
-
If Alice set up a Node and delegated her coins to her node, she will receive 76,160 #MHC for the node;
-
If Bob, who doesn't have a node, delegates his 1,000,000 #MHC toAlice's server, she'll get 76,160 #MHC more;
-
So Alice will earn 247,520 #MHC in this commit (block); Bob will receive 95,200 #MHC for delegating his coins.
NOTE: This calculation in #MHC is a subject to minor correction as it ignores commissions which increase the reward pool.
#MetaHashCoins Emission by Year
15% of all #MetaHashCoins will be distributed among the participants of Founders' round, Private Round, and ICO Round.
The remaining 85% will not exist at the time of the ICO and will be issued at planned times in accordance with #MetaHash code.
85% is made up of 55% for #MetaHash forging stimulation, 20% to support the Project Team, and 10% to support the project's development.
source - metahash.org
Isn't that fantastic?
Come you too be part of this wonderful world of Metahash, which has changed people's lives, with this great opportunity, still totally off the radar.
Keep following us, as big news is yet to come here!
You can review articles already published on #Metahash below:
https://www.publish0x.com/metahash/metahash-metahashcoin-mhc-xjoeklz
https://www.publish0x.com/metahash/metahash-xnqmljx
https://www.publish0x.com/metahash/metahash-meet-tracechain-xkyooko
https://www.publish0x.com/metahash/metahash-meet-tracechain-2-xdnoqgo
https://www.publish0x.com/metahash/metahash-metaapps-xxwdxle
https://www.publish0x.com/metahash/metahash-metagate-xrnlppq
