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Launch planning of SmartX public chain main network

By 2021年4月8日 No Comments

SmartX open source blockchain is approaching the launch of the main network (expected in late April 2021). The Launch planning of SmartX public chain main network is as follows.

The launch of SmartX main network is divided into two stages

  • 1. Cold start-up period. In the first 2 months after SmartX main network start-up (height 1-345600), PoS pledge income is 1/3 of the normal income (4 SAT coins are produced every 15 seconds)
  • 2. Normal period (height 345601- ). 2 months after SmartX main network is started, PoS pledge mining will automatically restore normal income
  • 3. After the SmartX main network is started, ERC tokens will be gradually mapped to the main network (within 2 weeks after the launch), and the unmapped ERC tokens will become cross-chain assets.Some of the ERC tokens will be retained as a pool of cross-chain assets, while the rest will be destroyed.The total number of SAT coins remained unchanged between 7.7 billion and 10 billion.

Notes:

The normal output of SmartX main network is: each PoS node produces 12 SAT coins every 15 seconds.12 coins are allocated according to the amount pledged by each user in the pledge contract.The entire network PoW produces 72 SAT coins every 15 seconds.72 coins are allocated according to the algorithm of each PoW machine.The half-life of production is two years.There is a 2% handling fee for renting cloud service to set up PoS node mine pool. PoW mine pool handling charge is dynamically set according to the mine pool owner’s situation.

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