BTCST — Note on Mining Rewards Calculation

  • If less than 60% of the total supply of BTCST is staked in the dApp, the project team would still deposit 60% of net daily mining rewards to the dApp to be shared by the staking participants. For example, if in fact only 20% of BTCST are staked, these staking participants will effectively receive triple daily rewards. The remaining 40% will be reserved under the supervision of our partner mining pool as hashrate safety deposit and for market-making funds.
  • If more than 60% of the total supply of BTCST is staked in the dApp, the daily share of the project’s safety deposits and market-making funds will be proportionally re-allocated to ensure that the dApp’s staking participants receive their rewards in full.
  • At the beginning of Day 1, A had 10,000 BTCSTs staked. A staked an additional 10,000 BTCSTs during the course of Day 1.
  • At the beginning of Day 1, B also had 10,000 BTCSTs staked. B un-staked and then re-staked 5,000 of these BTCSTs during the course of Day 1.
  • For A, 10,000 BTCSTs have staked through Day 1. For B, only 5,000.
  • Therefore, for Day 1, A is entitled to claim two Bitcoins, and B is entitled to one.

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BTCST

BTCST

Bitcoin Standard Hashrate Token (BTCST) brings exchange-grade liquidity to Bitcoin mining. Each BTCST is collateralized by real Bitcoin mining power.