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Reduce founder reward to 10% from block 2000 #7

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abrkn
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@abrkn abrkn commented Oct 1, 2016

From website

There will be 21 million Zcoins. Zcoin follows the same halving cycle as Bitcoin (every 4 years). In the first 4 years, 10% of Zcoins will be distributed to the Founders Reward. In other words, during the first 4 years, 40 Zcoins will go to the miners and 10 Zcoins will go towards the Founders reward. After the first 4 years, the block reward goes completely towards the miners.

10 coins of 50 coins is 20%, not 10%

I suggest we hard fork soon, for example at block 1000, to reduce payouts

@abrkn
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abrkn commented Oct 1, 2016

There are some typos there I'm sure, but you get the point

@nopslide
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nopslide commented Oct 1, 2016

I will raise this issue to investors and my team, tq

@abrkn abrkn changed the title Reduce founder reward to 10% from block 1000 Reduce founder reward to 10% from block 2000 Oct 1, 2016
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abrkn commented Oct 1, 2016

I also suggest that 9995 XZC (1999 blocks * 5 XZC) are given to the community somehow

@zcoindude
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Hi there, 20% for the first 4 years totals to 10% of the total Zcoin supply. We will update the FAQ shortly to clarify this point.

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abrkn commented Oct 9, 2016

👍

ultimaweapon pushed a commit that referenced this pull request Apr 18, 2019
Remove old sigma library since we don't use it anymore
HysMagus pushed a commit that referenced this pull request Nov 15, 2019
levonpetrosyan93 pushed a commit that referenced this pull request Sep 5, 2024
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3 participants