Knowledge Base   /   BASE REWARD ACADEMY ( All about the project )

UNDERSTANDING BASE REWARD STAKING PROTOCOL

Posted on 17 June 2021 05:41 pm

The Proof of Stake (PoS) concept states that a person can mine or validate block transactions according to how many coins they hold. This means that the more coins owned by a miner, the more mining power they have.

The (Pos) concept of Base Reward Token revolves around these same principles, a user can mint more tokens according to the number of tokens they own. Our staking protocol doesn't reward users for staking base on a fixed APY or APR but rather based on users STAKING POOL percentage. 

Base Reward Staking Pool Percentage sample

A total of 3,650,000 BRT tokens are locked within our SMART CONTRACT and can only be UNLOCKED by staking BRT tokens. 

New tokens are minted every 3 seconds block time of the BINANCE SMART CHAIN, accounting for a total of 5.76 Tokens every 3 seconds block time = 5000 Tokens daily for 28,800 blocks a day

To ensure a low supply of Base Reward Token and an Increase in MINTING difficulty over time, the number of tokens minted per day will be HALVED after every 365 days cycle until there are no more tokens to be minted. 

BASE REWARD TOKEN MINTING REWARD SUPPLY OVER THE YEARS ( SUMMARY )

The staking and minting of Base Reward Token will go on for 25 years before there be o more tokens to MINT 2046

STAKING REWARD NEXT HALVING

 

DAILY REWARD: 5000 TOKENS

REWARD AFTER HALVING: 2500 TOKENS

*Base Reward Token is designed to become a scares token over time with its total supply capped at                               12 million token