Community

New reward rules for MovieBloc Node Staking

MovieBloc | 02.17| 244

Hello MovieBloc community,

From January 2020 MovieBloc started giving out a total amount of 50,000,000 MBL (OEP-4 MBL) to stakers as reward monthly.

All Ontology (ONT) stakers who participated in stake authorization to MovieBloc candidate node in January received OEP-4 MBL as reward.

Due to the complicated staking method and calculations, we hereby announce a simplified (new) version of the ONT-MBL staking program. The details are as follows:

Total amount: 50,000,000 MBL
Duration: From January 2020 while the supply lasts

<Note>

  • Every 500 ONT will count as 1 vote. (For example, staking 1,500 ONT will count as 3 votes.) ONT staking amount under 500 ONT will not be included into the calculations.
  • For each consensus round, 1,000 MBL will be rewarded per 1 vote.
  • ONT staking amount is calculated at each consensus round and distributed monthly. Distributions will be completed at the beginning of the following month.

Thank you
MovieBloc

MovieBloc.com | Official Website | Telegram | KakaoTwitter


New reward rules for MovieBloc Node Staking was originally published in MovieBloc on Medium, where people are continuing the conversation by highlighting and responding to this story.

Comment 0

delete

Are you sure you want to delete this post?