BlackCoin ($BLK) A Proof of Stake Coin 1% - 8% Per Year!Based on their website data:
-Blackcoin was the first coin to go full proof of stake.
-It is also the worlds first coin to have working smart contracts.
-In early 2014 Blackcoin was the first coin to combine POS with a multipool. It was so powerful it was nicknamed the "Blackhole".
THE ANNUAL INFLATION OF BLACKCOIN
It is a fixed amount of BLK due to static block reward, and a slightly less inflation rate year on year because of that.
The block time target is 64 seconds, so working that out per year (60/64 x 60) x 24 x 365 is 492750 1.5BLK block rewards in a year which is 739,125 new BLK per year roughly. As of right now, 739,125 is 0.972% of the total supply of 76,034,138BLK.
This 0.972% is distributed to only fraction of the shareholders, the ones who stake. The reward rate is above 1%, average 4-8% annual depend on time and amount of BLK staked.
That means if only 20% of coins were being actively staked, you could actually get around 5%/year for continually staking, since 80% of people (avg) weren't staking and get nothing.
Latest update of them on their official "Binaries of Blackcoin-More for #Linux, #Windows and #Raspberry Pi are already being tested. For #Mac OS soon, too." Their progress solid so far, even though looks like for the last few months don't really consider this one just like i'm, but i think you need to consider to buy the dip because this just might be dark horse candidate.
From my perspective, all it takes to rebrand and continue to develop their products.
Targets just follow fibonacci. Will post a closer look on the update below.
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