Pirichain Whitepaper
šŸŒ PirichainšŸ”® Explorer🧰 API
  • šŸ‘‹What is Pirichain?
  • Overview
    • šŸ”®Upcoming Projects
  • PIRICHAIN INFRASTRUCTURE
    • šŸ›¤ļøPirichain Infrastructure
      • šŸ…±ļø1.1. Pirichain specific block fields
      • ā©1.2. Pirichain-specific transaction fields
      • šŸ“’1.3. Pirichain Wallet Structure
        • šŸ‘¤Personel Wallet
        • šŸ’¼Business Wallets
      • šŸ‘‰1.4. Creation of Pirichain Transaction
      • šŸ“Ž1.5. A New Concept in Blockchains! Adding Data to the Blockchain
      • šŸ’ 1.6. Pirichain's Web Server Services Structure
      • šŸ¤1.7. Consensus at Pirichain
  • PIRICHAIN SMART SCENARIO
    • šŸ’”Pirichain Smart Scenario
      • šŸŒ€2.1. Pirichain Smart Scenario Virtual Machine
        • āš—ļø2.1.1. Pirichain Example Smart Scenarios
          • 🩺2.1.1.1. A Scenario on Health
          • šŸ“¦2.1.1.2. A Scenario on Inventory
        • šŸŽ“2.1.2. Scenario of calculating the semester average with course grades and coding example
  • PIRICHAIN PLATFORMS
    • šŸ–„ļø3.1. Pirichain Desktop Wallet & Database Bridging Application (Wallet & DataBridge Application)
  • PIRICHAIN TRANSACTION TYPES
    • ā›“ļø4. Pirichain Transaction Types
  • PIRICHAIN COMMISSION
    • šŸ”„5. Pirichain Commission
  • PIRICHAIN REWARD DISTRIBUTION
    • šŸŽ6. Pirichain Reward Distribution
  • PIRI Coin Holders
    • šŸ‘„PIRI Tokenomics
  • šŸ“Pirichain Projected Roadmap
  • ā¬†ļøUpdates
    • šŸš€New Fee Mechanism in Pirichain
  • REFERENCES
  • šŸŒŽPirichain Showcase
  • šŸ”ŽPirichain Explorer
  • 🌐Pirichain Scanner
  • āœ’ļøPirichain Master Thesis
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  • Block Opening Reward
  • Deputy (Representer) Reward
  • Delegation Reward

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  1. PIRICHAIN REWARD DISTRIBUTION

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⇒NumberĀ ofĀ ProducedĀ BlocksWc=6Ɨ60Ɨ24×⇒8640Ki⇒RewardĀ onĀ eachĀ blockĀ (10Ā PIRI)DailyĀ Rewardā‡’āˆ‘n=1WcKnƗQƗ16100W_c \Rightarrow Number\ of\ Produced\ Blocks \\ \\ W_c = 6\times 60 \times 24 \times \Rightarrow 8640 \\ \\ K_i \Rightarrow Reward\ on\ each\ block\ (10\ PIRI) \\ \\ Daily\ Reward \Rightarrow \sum_{n= 1}^{W_c}\frac{K_n\times Q\times 16}{100}Wc​⇒NumberĀ ofĀ ProducedĀ BlocksWc​=6Ɨ60Ɨ24×⇒8640Ki​⇒RewardĀ onĀ eachĀ blockĀ (10Ā PIRI)DailyĀ Reward⇒n=1āˆ‘Wc​​100Kn​×QƗ16​

Delegation Reward

DelegationĀ MaxĀ (Daily)=1365Ɨ11000ƗFrozenĀ AmountDailyĀ TotalĀ MaxĀ Reward=WcƗ10⇒86.400Ā PIRIDelegationĀ DailyĀ Reward=KiƗQƗ0.647Delegation\ Max\ (Daily)=\frac{1}{365}\times\frac{1}{1000}\times Frozen\ Amount\\ Daily\ Total\ Max\ Reward = W_{c} \times 10 \Rightarrow 86.400\ PIRI\\ Delegation\ Daily\ Reward= \frac{K_{i} \times Q \times 0.64}{7}\\DelegationĀ MaxĀ (Daily)=3651​×10001​×FrozenĀ AmountDailyĀ TotalĀ MaxĀ Reward=Wc​×10⇒86.400Ā PIRIDelegationĀ DailyĀ Reward=7Ki​×QƗ0.64​
f(x)={DelegationMaxDaily,DelegationMaxDaily<DelegationDailyRewardDelegationDailyReward,DelegationMaxDaily≄DelegationDailyReward}f(x)=\begin{Bmatrix} DelegationMaxDaily,&DelegationMaxDaily<DelegationDailyReward \\ DelegationDailyReward,&DelegationMaxDaily\geq DelegationDailyReward \end{Bmatrix}f(x)={DelegationMaxDaily,DelegationDailyReward,​DelegationMaxDaily<DelegationDailyRewardDelegationMaxDaily≄DelegationDailyReward​}

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Last updated 8 months ago

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