MINTED AVA TOKENS: PROOF-OF-UPTIME AND PROOF-OF-CORRECTNESS

AVA is an open-source platform for launching decentralized finance applications and enterprise blockchain deployments in one interoperable, highly scalable ecosystem.

AVA has a capped-supply of 720,000,000 AVA tokens.

The genesis block will have 360,000,000 AVA tokens and the rest of the 360,000,000 AVA tokens will be minted.

In other words, minting in AVA is done via proof-of-uptime and proof-of- correctness.

This mechanism has important consequences.

In particular, since there is no “leader” accumulating rewards, there is no “rich-get-richer” compounding effects.

Validators are incentivized to stay online and operate correctly as their rewards are based on proof-of-uptime and proof-of-correctness.

Fees are not paid to any specific validator. Instead, they are burned, thus increasing scarcity of the AVA tokens.

Staking amount denominated in AVA tokens. This value defines the minimal stake required to be placed as bond before participating in the system. The default value on genesis will be 20,000 AVA tokens.

The minimal amount of time required for a node to stake into the system. The default value on genesis will be 2 weeks.

The maximal amount of time a node can stake. The default value on genesis will be 52 weeks (one year).

Validators that lock their stake for longer are rewarded more. Therefore, staking for the maximum amount of time incurs an additional 11.11% of AVA tokens minted, incentivizing stakers to stake for longer periods.

Aviso Legal

“Esse artigo é meramente informativo e não é uma recomendação de investimento, o mercado de criptomoedas é bastante volátil e você deve pesquisar e decidir por si mesmo em que investir, especialmente em mercados de alto risco”.