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README.md

BanKitz

Bankitt (BKT) => BanKitz (BKZ)

Coin Specs

• PoW Algorithm: Lyra2Z
• Premine:

  • (#1 Block) 520,001 BKZ for Development Fund, 4% of Total POW Coin
  • (#2 Block) 6,300,000 BKZ for Bankitt SWAPPING, , 40% of Total POW Coin
    • PoW Blocks: 1 - 130000
    • PoS Blocks: Starting from 130001
    • Block Time: 180 Seconds
    • PoW Max Coin Output/Supply: 14,586,780 BKZ
    • PoW Ending: ~ ca. 180 Days (Estimated: Feb 2019)
    • Masternode Requirements: 10,000 BKZ or 20,000 BKZ
    • Maturity: 41 Confirmations

PoW Reward Distribution

Block HeightReward AmountMasternodesMiners
Block 3 - 10050 BKZ 0%Miners 100%
Block 101 - 14400100 BKZ Masternodes 50%Miners 50%
Block 14401 - 2880090 BKZ Masternodes 50%Miners 50%
Block 28801 - 4320080 BKZ Masternodes 50%Miners 50%
Block 43201 - 5760070 BKZ Masternodes 50%Miners 50%
Block 57601 - 7200060 BKZ Masternodes 50%Miners 50%
Block 57601 - 7200060 BKZ Masternodes 50%Miners 50%
Block 57601 - 7200060 BKZ Masternodes 50%Miners 50%
Block 57601 - 7200060 BKZ Masternodes 50%Miners 50%

Masternode and staker rewards with PoS: Masternodes and stakers will receive split reward allocation when PoS sets in.

PoS Block Rewards

Proof of Stake will automatically be enabled at block 475201.

Block HeightReward Amount
Block 130001 - 14440020.00 BKZ
Block 144401 - 15880018.00 BKZ
Block 158801 - 17320016.20 BKZ
- Block reward will be reduced 10% every 14400 blocks. - Minimum Block reward is 2 BKZ.

Further information

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