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about [2020/05/19 16:28] – [Premine] boot2thrillabout [2020/05/20 16:15] – [Conceal Emission] boot2thrill
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 {{ :new_emission_curve.png?direct&600 |}} {{ :new_emission_curve.png?direct&600 |}}
  
-The block reward will continue to rise (at 0.25 ₡CCX per month) until reaching the maximum (capped at 15 ₡CCX per block). The maximum of 15 ₡CCX per block will be achieved in 3½ years (or 41 months). Once the maximum of 15 ₡CCX per block is achieved, a gradual ascending mining block reward will begin (at 0.10 ₡CCX per month) until 6 ₡CCX per block is achieved in 11 years (or 131 months).  +The block reward will continue to rise (at 0.25 ₡CCX per month) until reaching the maximum (capped at 15 ₡CCX per block). The maximum of 15 ₡CCX per block will be achieved in 3½ years (or 41 months). Once the maximum of 15 ₡CCX per block is achieved, a gradual descending mining block reward will begin (at 0.10 ₡CCX per month) until 6 ₡CCX per block is achieved in 11 years (or 131 months).  
  
 The compounding interest paid through Cold Staking/Banking Deposits in the main chain will terminate long before achieving the maximum supply of 200M. Existing interest rates will continue for 30 years (or 360 months). Cold Staking/Banking Deposits are intended to be an incentive during the ascending mining block reward curve to keep the circulation supply low. Banking deposits are unique and are described in detail (below). The compounding interest paid through Cold Staking/Banking Deposits in the main chain will terminate long before achieving the maximum supply of 200M. Existing interest rates will continue for 30 years (or 360 months). Cold Staking/Banking Deposits are intended to be an incentive during the ascending mining block reward curve to keep the circulation supply low. Banking deposits are unique and are described in detail (below).
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 ==== Premine ==== ==== Premine ====
  
-Our premine is 6% of the maximum supply. The funds are locked over a 5 year period. Every quarter (3 months) a bank of 400k ₡CCX is released to cover operation expenses, exchange listings, marketing and to pay collaborators.+Our community premine is 6% of the maximum supply. The community funds are locked over a 5 year period. Every quarter (3 months) a bank of 400k ₡CCX is released to cover operation expenses, exchange listings, marketing and to pay collaborators.
  
-The premine belongs to the community, as this is a community project. Through collaboration, anyone can earn ₡CCX by helping the project grow and evolve. The team is only managing the premine as they manage the project. In fact, this wiki was made by community members and they were paid in ₡CCX for creating and maintaining it.+The premine belongs to the community, as this is a community project. Through collaboration, anyone can earn ₡CCX by helping the project grow and evolve. The team only manages the premine as they manage the project. In fact, this wiki was made by community members and they were paid in ₡CCX for creating and maintaining it.
  
 People can also get a ₡CCX grant by applying to ₡CCX Labs. This ₡CCX grant helps run their own projects in the Conceal.Network environment. Labs funded projects are on-going and voted on by the community and are funded by ₡CCX premine. People can also get a ₡CCX grant by applying to ₡CCX Labs. This ₡CCX grant helps run their own projects in the Conceal.Network environment. Labs funded projects are on-going and voted on by the community and are funded by ₡CCX premine.
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 You can also audit how the premine is spent here: [[https://explorer.conceal.network/index.html#funds|https://explorer.conceal.network/index.html#funds]]. There is also verification to show how much funds the project wallet holds at any given time. Our focus is to be as transparent as possible. You can also audit how the premine is spent here: [[https://explorer.conceal.network/index.html#funds|https://explorer.conceal.network/index.html#funds]]. There is also verification to show how much funds the project wallet holds at any given time. Our focus is to be as transparent as possible.
  
-Premine batches unlock dates:+Premine batch unlock dates:
  
 {{ :reserve_fund_update.png?direct&600 |}} {{ :reserve_fund_update.png?direct&600 |}}
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   * DEVELOPER: Taegus   * DEVELOPER: Taegus
   * DEVELOPER: Alex Stanford (HashOfZorro)   * DEVELOPER: Alex Stanford (HashOfZorro)
-  * PR & MARKETING: boot2thrill (aka boot)+  * PR & MARKETING: boot2thrill (aka boots)
 [[Media|Media Content]] [[Media|Media Content]]