Minter 3: Dynamic Mining and 3Y Stake Lockup

  1. Dynamic mining
  2. Ability to lock stake for three years

Dynamic Mining

  1. Regular delegation (no stake lock) — the reset feature enabled
  2. Delegation with stake lock-up period of 3 years — the reset feature disabled, rewards multiplier = x3

Regular Delegation

  • Price : BIP/USDTE rate
  • ^ (1/4) : power function with a proper fraction. Its graph is a curve
  • 350 : scale
  • Price = $0.001, reward = 62 BIP
  • Price = $0.0025, reward = 78 BIP
  • Price = $0.01, reward = 111 BIP
  • Price = $0.10, reward = 197 BIP
  • Price = $1, reward = 350 BIP

Block Reward Reset

  • Price_new : self-explanatory
  • Price_old : price as of the previous snapshot
  1. The following snapshot does not record another 10-percent drop
  2. Each drop-free snapshot adds 10 BIP to the block reward (for example, in order to return to the pre-specified reward of 100 BIP, you’ll need 10 days with no price drops)

Burning by Balancer

Delegation with a 3Y Lockup

  • unbond is not allowed until the period is over
  • reset (i.e., accumulation of block rewards until a pre-specified value) is not allowed, hence the stake is protected against the absence of rewards
  • 3x more rewards
  • Price = $0.001, reward = 187 BIP
  • Price = $0.0025, reward = 235 BIP
  • Price = $0.01, reward = 332 BIP
  • Price = $0.10, reward = 590 BIP
  • Price = $1, reward = 1050 BIP

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Minter

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Supporting development and adoption of Minter, a digital assets marketplace powered by a fast blockchain. Other social media: minter.org/#follow