DAPSCOIN – The Best Attempt Yet at a Privacy Coin? PART 2
This is part two of the DAPSCoin post.
In the first part we looked at an overview of DAPS, the features of the DAPS blockchain and what makes it different from other blockchains.
RECAP
DAPS is a privacy blockchain with a focus on security, scalability and total privacy. The goal of DAPS protocol is to create a fully anonymous staking coin and payment system with a trustless governance structure, based upon the latest technologies derived from both Monero and PIVX. This is a first in crypto-currencies. DAPS chain verification and consensus models are based upon PoS nodes (staking and Masternodes) and PoA miners.
In this post we will look at the DAPS Token specifications and DAPSCOIN Rewards.
DAPS TOKEN SPECIFICATIONS
ERC-20 Token
Supply: 60,000,000,000 DAPS
Distributed: via AIRDROP
DAPS COIN SPECIFICATIONS
Initial supply: 60,000,000,000 DAPS
Supply cap: 60,000,000,000 [initial]+10,000,000,000 [emission] DAPS Consensus: Proof-Of- Audit, Proof-Of-Stake v3, Masternodes (See-saw rewards)
Privacy techniques: Secp256k1-based Ring Signature, RingCT, and range proof Bulletproof
Block time: 1 minute
Block Reward: See below
Confirms required to spend: 4 blocks
Stake maturation: 100 blocks
Approximate emissions: ~551 million DAPS per year until 10 billion DAPS emitted
THE FEE STRUCTURE AND BLOCK REWARDS
1050 DAPS Coin emissions per PoS block
50 DAPS to the development fund
900 to be split between the staking node that minted the block and a Masternode
60/40 see-saw system means 540/360 split as above
100 DAPS are reserved for the PoA miner that audits the block.
There is a 50 DAPS per block fee ("Founder's fee") allocated to the DAPS Development fund, used to further develop and sustain the project long-term.
The “See-Saw Balance Reward System” is a method by which the network balances out the percentage of the reward paid out to the staking nodes and master nodes. If there are 1000 MN and 1000 staking nodes, the system sees that as equal and keeps the 60/40 See-Saw system in favor of Masternodes. This is to incentivize them, because they have “invested” the 1 million DAPS by collateralizing their Masternode.
If the node numbers shift drastically in the direction of more Masternodes, the network rebalances the equation to be 40/60, this time favoring the staking nodes. This will ensure the long-term health of the network by balancing the Masternode vs staking rewards preventing runaway Masternode growth.
WHAT ARE DAPS MASTERNODES?
DAPS Masternodes are in essence servers running 24/7 on a decentralized network. These Masternodes are incentivized through the abovementioned reward system. Masternodes are collateralized by 1,000,000 DAPS and must run 24/7 with no more than 1-hour loss of uptime during a 24-hour cycle.
Given the cost of DAPS at the time of writing, it appears to be one of the more accessible and beneficial Masternodes. DAPSCoin holds great promise as a privacy coin. Set aside some time to study the Whitepaper and you may be convinced of the merits of the DAPSCOIN.
DAPSCoin has risen by 23% within the past 24 hours at the time of writing this. It is currently trading at $0.000123.
Thank you for reading.
PLEASE DO YOUR OWN DUE DILIGENCE AND RESEARCH BEFORE INVESTING!
DAPS Website: https://officialdapscoin.com/
DAPSCOIN Whitepaper: https://officialdapscoin.com/whitepaper.pdf
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