Pirichain Whitepaper
🌍 Pirichain🔮 Explorer🧰 API
  • 👋What is Pirichain?
  • Overview
    • 🔮Upcoming Projects
  • PIRICHAIN INFRASTRUCTURE
    • 🛤️Pirichain Infrastructure
      • 🅱️1.1. Pirichain specific block fields
      • ⏩1.2. Pirichain-specific transaction fields
      • 📒1.3. Pirichain Wallet Structure
        • 👤Personel Wallet
        • 💼Business Wallets
      • 👉1.4. Creation of Pirichain Transaction
      • 📎1.5. A New Concept in Blockchains! Adding Data to the Blockchain
      • 💠1.6. Pirichain's Web Server Services Structure
      • 🤝1.7. Consensus at Pirichain
  • PIRICHAIN SMART SCENARIO
    • 💡Pirichain Smart Scenario
      • 🌀2.1. Pirichain Smart Scenario Virtual Machine
        • ⚗️2.1.1. Pirichain Example Smart Scenarios
          • 🩺2.1.1.1. A Scenario on Health
          • 📦2.1.1.2. A Scenario on Inventory
        • 🎓2.1.2. Scenario of calculating the semester average with course grades and coding example
  • PIRICHAIN PLATFORMS
    • 🖥️3.1. Pirichain Desktop Wallet & Database Bridging Application (Wallet & DataBridge Application)
  • PIRICHAIN TRANSACTION TYPES
    • ⛓️4. Pirichain Transaction Types
  • PIRICHAIN COMMISSION
    • 🔥5. Pirichain Commission
  • PIRICHAIN REWARD DISTRIBUTION
    • 🎁6. Pirichain Reward Distribution
  • PIRI Coin Holders
    • 👥PIRI Tokenomics
  • 📍Pirichain Projected Roadmap
  • ⬆️Updates
    • 🚀New Fee Mechanism in Pirichain
  • REFERENCES
  • 🌎Pirichain Showcase
  • 🔎Pirichain Explorer
  • 🌐Pirichain Scanner
  • ✒️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

Previous5. Pirichain CommissionNextPIRI Tokenomics

Last updated 7 months ago

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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=1WcKn×Q×16100W_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​⇒Number of Produced BlocksWc​=6×60×24×⇒8640Ki​⇒Reward on each block (10 PIRI)Daily Reward⇒n=1∑Wc​​100Kn​×Q×16​

Delegation Reward

Delegation Max (Daily)=1365×11000×Frozen AmountDaily Total Max Reward=Wc×10⇒86.400 PIRIDelegation Daily Reward=Ki×Q×0.647Delegation\ 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}\\Delegation Max (Daily)=3651​×10001​×Frozen AmountDaily Total Max Reward=Wc​×10⇒86.400 PIRIDelegation Daily Reward=7Ki​×Q×0.64​
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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