Emission of PLEX tokens. And why they won't go anywhere.
We have already talked about the mechanism for launching MINE tokens into operation.
Here we will discuss how the PLEX tokens are accrued.
PLEX tokens are issued when a new block is created and confirmed by pools. After that, PLEX tokens are distributed among the pools according to their contribution to the creation and confirmation of a specific block.
The overall balance of MINE tokens is responsible for how often a particular pool will be selected to participate in the block creation process. The maximum number of pools that can participate is 31:
- One place to create and
- 30 places to confirm.
On each cycle a specific pool can be selected a different number of times. Therefore, the PLEX tokens you receive from your pool come in different quantities every day.
20% reward is calculated per month. You can be sure that the system will select each pool as many times within a month so that it will receive 20% of the MINE tokens on the total balance. This amount is credited in PLEX tokens.
In the LPoS (liquid proof of stake) consensus algorithm, which is used in our blockchain, the issue of PLEX tokens and the accrual of rewards to the pools is performed automatically. Further, the pools award daily rewards to those users who have linked their wallet addresses to them and launched the MINE tokens. A separate script is responsible for automating this process.
Sometimes, for various technical reasons, the script may not work and not send PLEX tokens on time. But in any case, these tokens will not be lost. They are in the pool and after solving all the techical problems tokens will be paid to you.
We are working to prove that cryptocurrency is reliable. Thank you for staying with us!
We have already talked about the mechanism for launching MINE tokens into operation.
Here we will discuss how the PLEX tokens are accrued.
PLEX tokens are issued when a new block is created and confirmed by pools. After that, PLEX tokens are distributed among the pools according to their contribution to the creation and confirmation of a specific block.
The overall balance of MINE tokens is responsible for how often a particular pool will be selected to participate in the block creation process. The maximum number of pools that can participate is 31:
- One place to create and
- 30 places to confirm.
On each cycle a specific pool can be selected a different number of times. Therefore, the PLEX tokens you receive from your pool come in different quantities every day.
20% reward is calculated per month. You can be sure that the system will select each pool as many times within a month so that it will receive 20% of the MINE tokens on the total balance. This amount is credited in PLEX tokens.
In the LPoS (liquid proof of stake) consensus algorithm, which is used in our blockchain, the issue of PLEX tokens and the accrual of rewards to the pools is performed automatically. Further, the pools award daily rewards to those users who have linked their wallet addresses to them and launched the MINE tokens. A separate script is responsible for automating this process.
Sometimes, for various technical reasons, the script may not work and not send PLEX tokens on time. But in any case, these tokens will not be lost. They are in the pool and after solving all the techical problems tokens will be paid to you.
We are working to prove that cryptocurrency is reliable. Thank you for staying with us!