Entropy Token Generation and Burn Through Block Rewards
Last updated
Last updated
When a block is created in the entropy, a block reward is given according to the verification. Block verification and block compensation are paid sequentially to the verifier in a Round Robin method rather than a competition method.
Block compensation is set to reward 0.2 ENTs per node. In addition to basic block compensation, an additional 10% of transaction fees incurred during transaction processing will be added up and rewarded. For the remaining 90% of the transaction fee, it will serve to maintain the value of the Entropy token through self-incineration. Block compensation based on verification is designed to stop when 262,800,000 compensation is executed. If a reward of 0.2 ENT is given, the total amount of ENT paid as a reward is 52,560,000 ENT.
<Block Reward Payment Formula>
Node Proof Reward = 0.2ENT + (Block Transaction Fee x 10%)
<Equation for block compensation after all the deposited block rewards are exhausted>
Node Proof Reward = Block Transaction Fee*100%
About 10,512,000 blocks will be generated annually, and about 500,571 block validations will occur on 21 validators. Therefore, the compensation given per validator is as follows.
<Actual annual amount of reward ENT per validator>
1 Validator Reward = 100,114ENT(500,571*0.2) + Transaction Fee10% Sum(unpredictable)
The above compensation payment ENT has been issued and deposited in the Validator Contract and is programmed to execute the compensation in the Contract each time a block verification occurs. Of course, all block compensation is executed on the premise that a contract is included in the block, and if an intra-block transaction is included, the function below is executed and compensation is automatically paid to the verifier.