🎁6. Pirichain Reward Distribution
Working according to the dPoS reward distribution center, Pirichain is eligible to receive rewards when representatives freeze at least 1 million PIRI coins from delegates. The reward per block is 10 PIRI. The first 7 representatives with the most coins frozen will receive a prize. Delegates are given daily prizes.
Block Opening Reward
20% of the daily total block gain is burned. 20% of the remaining prize is given to the representatives. The remainder is distributed to the delegates, taking into account the following formula.
Deputy (Representer) Reward
Wc⇒Number of Produced BlocksWc=6×60×24×⇒8640Ki⇒Reward on each block (10 PIRI)Daily Reward⇒n=1∑Wc100Kn×Q×16 Delegation Reward
Delegation Max (Daily)=3651×10001×Frozen AmountDaily Total Max Reward=Wc×10⇒86.400 PIRIDelegation Daily Reward=7Ki×Q×0.64 f(x)={DelegationMaxDaily,DelegationDailyReward,DelegationMaxDaily<DelegationDailyRewardDelegationMaxDaily≥DelegationDailyReward}