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ODIN Blockchain Rewards
ODIN Block Reward Structure:
|Term names||Start Date||# Days||Block Reward||Community Fund||Masternodes||Masternodes ROI||Staking||General Staking ROI||Start Block||End Block|
|Year of Yggdrasil||1/1/2019||365||25||15%||60%||9.22%||25%||3.84%||139,884||665,484|
|Year of Midgard||1/1/2020||366||20||20%||60%||6.63%||20%||2.21%||665,485||1,192,526|
|Year of Nidhogg||1/1/2021||365||15||25%||60%||4.59%||15%||1.15%||1,192,527||1,719,527|
- All dates listed above are rough estimations based on the assumption that a new block is generated and accepted every minute. Block heights are the real periods.
- PoS Schedule - 10% to community development fund proposals for all phases starting in Ragnarök, increasing to 25% of rewards by the beginning of 2021.
- 90% distributed to staking wallets and masternodes.
- Objective is to encourage increasing community budgets whilst shifting the reward scheme to benefit masternode operators over time.
What happens after Nidhogg?
As it currently stands, the reward scheme set to take place by January 1st, 2021 (height 1,192,527) will continue onwards into the foreseeable future of ODIN. If the community at that time wishes to revise this (such as lowering the reward scheme even more) then we hope to see some community proposals submitted with some good arguments!
We want the future of ODIN to be dictated by the majority. For every Masternode you have running, you get one vote to give towards a monthly community proposal. In the future, there could be proposals for updates done to the codebase such as the reward system. Be part of ODIN and join our various Social Communities and setup a Masternode to have a say in the future of ODIN.