Is the Treasury paid by the PoS reward or a Superblock reward? Are these joint or separate?

Started by Helmuts 4 years ago · 4 replies · 3806 views
4 years ago

Good evening,

Please correct me about the previous tokenomics:
Total block reward = 6 PIV (not 5 PIV) and the breakdown of a single block reward was:

  • Staker = 2 PIV
  • MN = 3 PIV
  • Treasury = 1 PIV (all these accumulate/collect at the Superblock)

Am I correct here?

Is the Treasury paid by the PoS reward or a Superblock reward? Are these joint or separate?

A screenshot from the PIVX website (is that the updated information?):

Also, where can we visually see the new tokenomics? .. like in a Excel sheet layout? Thank you.

Hopefully this makes sense.

Thank you in advance,
Helmuts

4 years ago

Shouldn't those number be increased after the NEW BLOCK REWARDS update ???!!!

4 years ago

@qtez:
Shouldn't those number be increased after the NEW BLOCK REWARDS update ???!!!

Hi, the question is not about rewards phases > it is about the structure of a reward block and about the superblock

4 years ago

The website has not been updated.

Prior to the new reward structure, there was 5 PIV per block created by the network, and 1 PIV allocated to the Treasury. The reason we say 'allocated' is for 2 reasons. First, it was not created until superblock and second, it was only created if there was a passing proposal.

The same rules apply now with the new rewards, but it is 10 PIV created each block )6 for Masternodes and 4 for Stakers) and 10 PIV allocated to the Treasury each block. At superblock, only the coins required to fund passing proposals, up to 10 PIV per block or 432,000 PIV per 30 day cycle between superblocks, is created.

Hope this answers your question.

The Economics Whitepaper is being updated right now.

👍 1
4 years ago

@Eric_Stanek:
The website has not been updated.

Prior to the new reward structure, there was 5 PIV per block created by the network, and 1 PIV allocated to the Treasury. The reason we say 'allocated' is for 2 reasons. First, it was not created until superblock and second, it was only created if there was a passing proposal.

The same rules apply now with the new rewards, but it is 10 PIV created each block )6 for Masternodes and 4 for Stakers) and 10 PIV allocated to the Treasury each block. At superblock, only the coins required to fund passing proposals, up to 10 PIV per block or 432,000 PIV per 30 day cycle between superblocks, is created.

Hope this answers your question.

The Economics Whitepaper is being updated right now.

THAT means is no one ever submitted any proposal. There will be no 10 PIV ever created in that SUPER Block cycle for the Treasury !!!

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