5000 BLOCK is needed in order to run a service node. Staking BLOCK secures the network. The service nodes collect fees which are shared with both the staking and service node pools. The more volume the DX sees, the more BLOCK everyone will earn!
Thanks but is there a max quantity of tokens ?
According to the first post of this thread, it's 3,910,516 BLOCK but coinmarketcap mentions 4,217,255 BLOCK.
There is an increasing number of coins, 1 BLOCK generated pr minute that is shared 70/30 between node and stake
Thank you for this. Inflation wise, this is not good.
But I still like Blocknet.
In my opinion, it's a secondary consideration. By staking coins, the real inflation will be close to zero anyways maintaining your relative fraction of the total coins. Proof of stake does require some kind of incentive to keep running the network after all.
If BLOCK succeeds with its project, it'll become a lot more valuable regardless. If they don't, there will be other factors more to blame than the inflation. Well, in a way they've already succeeded as the DX is working with 27 different currencies (I think is the correct number) - what I mean is getting a real liquidity for the DEX (and possibly other applications of the "internet of blockchains").
