ODIN Blockchain Rewards

Pixxl edited this page Oct 11, 2018 · 11 revisions

ODIN Block Reward Structure:

Term names Start Date # Days Block Reward Community Fund Masternodes Masternodes ROI Staking General Staking ROI Start Block End Block
PoW Pre-Launch 9/16/2018 12 495,000 - - - - - 0 200
PoS Launch 9/28/2018 7 5 - - - - - 201 14,601
Ragnarök Release 10/5/2018 27 175 10% 54% 57.14% 36% 38.09% 14,602 52,042
Valhalla Release 11/1/2018 61 95 10% 54% 34.13% 36% 22.75% 52,043 139,883
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.

› ODIN Communities

› ODIN Masternodes

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