EOS voters will share Token inflation rewards

On January 20, 2018, Sam Sapoznick was appointed as the full community manager. He drafted a token inflation plan in the EOSIO governance group that was closely related to every voter.

▲EOS voters will share the draft plan for Token inflation rewards

At 5:00 am on March 30, 2018, Sam Sapoznick officially confirmed the implementation of this constitution! ! ! !

▲ The original 4.88% token inflation rate was changed to an annual inflation rate of 5% .

Every EOS holder is a member of the future EOS ecosystem, and this inflation reward has a great relationship with every voter, so we at IMEOS provide an authoritative interpretation and analysis of this constitution.

▲One picture to understand the EOS Token inflation benefit distribution

Two destinations for additional token issuance

1. A portion will be used as the official community management fund, which will be used after the community votes, mainly to facilitate community governance: community welfare, arbitration fund, system optimization, etc.

2. The other part will be used as node rewards, of which 50% will be allocated to super nodes (tentatively 21), and the other 50% will be allocated to all nodes (tentatively 121) and distributed to all 121 nodes according to the final vote rate.

EOS’s Token Issuance Mechanism

The total annual inflation rate is 5%, and this value can only be changed when the charter is amended (i.e. the system code is upgraded).

The immediate inflation rate is 4.879% divided by the number of blocks, and the reward for each block is based on the standard compound interest relationship formula.

EOS Token Allocation Rules

(1) Summary point reward = node reward quota * additional token issuance amount

(2) Single super node reward = half of the total node reward divided by 21 nodes

(3) Work Fund = 100% - Node Reward Quota

(4) Voting shared reward = vote rate x half of the total node reward

Here we will focus on the voting sharing rewards. The voting sharing rewards they receive are the ratio of the number of votes of all 121 nodes to the total number of votes multiplied by half of the total node rewards. Candidate nodes only enjoy voting sharing rewards, while super nodes can receive super node rewards in addition to voting sharing rewards.

This reward means that in addition to super nodes, voting nodes will also share the rewards.

Reward quota bidding

All 21 nodes bid, and the middle value of these 21 prices is taken. The price is any value from 0% to 100%. For example, if each node bids at 1%, 2%, 3%, ... 21%, then the middle value of 11% is taken as the reward quota.