Question of the Day. Bitcoin is nearing an all-time high largely due to the U. futures ETF listing.
19 Oct 2021, 15:37
Question of the Day 🤔
Bitcoin is nearing an all-time high largely due to the U.S. futures ETF listing. Do you think #Bitcoin will set a new all-time high today? đź‘€
Same news in other sources
219 Oct 2021, 15:48
What is the DMD “4 coin pot” system? 🎛
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The distribution of tokens in pools is one of the most important parts of tokenomics. In this case, DMD uses a non-standard term, which is called the “4 coin pot” system.
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What is it and what does each pot look like?
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Claiming Pot
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This is one of those “pots” intended for the DMDv3 coin holders. When switching to DMDv4, users are offered to claim new DMD coins on the v4 network in a ratio of 1 to 1 to their v3 snapshot balance, without giving them up which is typical.
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Delta pot
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There will be 4.38 million v4 coins in total taking into account the DMDv3 coins that are not in issue. The detected difference between the two numbers will be sent to the delta “pot” (“delta” means “difference” in mathematics). These coins will be gradually issued as rewards of the epoch.
â €
Reinsert Pot
â €
One of the most interesting features of DMDv4 is the mechanism for reinserting coins back into circulation. If the DMDv3 owners do not claim their DMDv4s within a certain period, the part of the DMDv4 to which they are entitled is restored by the system. Additional abandoned coins in staking contracts (after 10 years) and transaction fees will fund the reinsert “pot” and create a forever working resource to fund epoch rewards.
â €
Governance Pot
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A part of not claimed coins fill the base of the governance “pot” and a 10% share of the epoch rewards also constantly refill the DAO “pot”. With the help of DAO functions, DMDv4 coin holders will be able to vote regarding making changes to the project, marketing, grants for decentralized applications and so on, and fund them.
What is the DMD "4 coin pot" system. The distribution of tokens in pools is one of the most important parts of tokenomics.
What is the DMD “4 coin pot” system? 🎛
â €
The distribution of tokens in pools is one of the most important parts of tokenomics. In this case, DMD uses a non-standard term, which is called the “4 coin pot” system.
â €
What is it and what does each pot look like?
â €
Claiming Pot
â €
This is one of those “pots” intended for the DMDv3 coin holders. When switching to DMDv4, users are offered to claim new DMD coins on the v4 network in a ratio of 1 to 1 to their v3 snapshot balance, without giving them up which is typical.
â €
Delta pot
â €
There will be 4.38 million v4 coins in total taking into account the DMDv3 coins that are not in issue. The detected difference between the two numbers will be sent to the delta “pot” (“delta” means “difference” in mathematics). These coins will be gradually issued as rewards of the epoch.
â €
Reinsert Pot
â €
One of the most interesting features of DMDv4 is the mechanism for reinserting coins back into circulation. If the DMDv3 owners do not claim their DMDv4s within a certain period, the part of the DMDv4 to which they are entitled is restored by the system. Additional abandoned coins in staking contracts (after 10 years) and transaction fees will fund the reinsert “pot” and create a forever working resource to fund epoch rewards.
â €
Governance Pot
â €
A part of not claimed coins fill the base of the governance “pot” and a 10% share of the epoch rewards also constantly refill the DAO “pot”. With the help of DAO functions, DMDv4 coin holders will be able to vote regarding making changes to the project, marketing, grants for decentralized applications and so on, and fund them.
19 Oct 2021, 15:37
Question of the Day 🤔
Bitcoin is nearing an all-time high largely due to the U.S. futures ETF listing. Do you think #Bitcoin will set a new all-time high today? đź‘€
Question of the Day. Bitcoin is nearing an all-time high largely due to the U. futures ETF listing.
Question of the Day 🤔
Bitcoin is nearing an all-time high largely due to the U.S. futures ETF listing. Do you think #Bitcoin will set a new all-time high today? đź‘€