PREVIOUS FORUM USERS CAN STILL LOGIN WITH THEIR OLD USERNAME AND PASSWORD TO LOGIN INTO THIS NEW FORUM PLATFORM. YOU DO NOT NEED TO RE-REGISTER.
Sign in to follow this  
zmeldg

2028 DDK Supply Will Reach 45 Million? How?

Recommended Posts

Hello to those who could enlighten me on this one!

I have been wondering this for quite a while now and decided to post and ask it here in the "Ask anything about DDK". Can you help me enlighten on how was the 45 Million total supply projected to become completely circulating supply. I have run some monitoring and getting trend that will give an earlier year of having all the 45 Million be in the circulation. What I am getting is Jan 26, 2025. Thank you so much.

 

Circulating Supply 1/26/2025    
79.46%    45,000,000.00                                     806,334.59 0.05% 0.05%
09-May 18.75%                                 8,437,354.61 0.03% 0.03%
10-May 18.78%                                 8,452,409.14 0.03% 0.03%
11-May 18.82%                                 8,467,295.58 0.06% 0.06%
12-May 18.87%                                 8,493,322.17 0.07% 0.07%
13-May 18.94%                                 8,523,988.64 0.23% 0.05%
18-May 19.17%                                 8,628,008.35 0.12% 0.06%
20-May 19.29%                                 8,680,913.04 0.15% 0.04%
24-May 19.44%                                 8,747,653.44 0.10% 0.05%
26-May 19.54%                                 8,791,096.74 0.85% 0.05%
13-Jun 20.39%                                 9,173,628.36 0.09% 0.05%
15-Jun 20.48%                                 9,215,518.39 0.06% 0.06%
16-Jun 20.54%                                 9,243,689.20    
       

 

Share this post


Link to post
Share on other sites

Dont worry about this @zmeldg ,

Staking Reward will be reduce when ALL USERS doing voting without missed every week it will comeout maximum based on our WHITEPAPER prediction.

As written on WHITEPAPER DDK Core 1.0 total supply 45 million will be fiinish circulate within 2028.

However, in DDK Core 2.1 we will introduce DAI (DDK Asset Issuing) with smart contract that enable POB (Proof Of Burn) when create new token in DDK chain for token creator to BURN their DDK to create "initial value' of the token. All 100% burned DDK will be re-enter back into Staking Reward allocation address : https://explorer.ddkoin.com/account/13566253584516829136

 

Same goes for Token transaction on DDK chain, some portion of the fees will be design to enter back into the address of Staking Reward.

This solution will be introduced on DDK Core 2.1 to upgrade DDKOIN to bigger scale and would make 45 million allocation will not be finish and continue running the ecosystem as long the users will still use DDK and contribute fees to the network and use DAI smart contract and it will make the address of 45 million will continue running forever. 

Share this post


Link to post
Share on other sites

Thank you @Arai_Ezzra for the comprehensive answer to my question and for enlightening me. Wow! This is really amazing. If we will all be positive enough and continue utilizing DDK and create a lot of use cases then this will provide unlimited opportunities, as I said in the bounty contest write up, it will provide blessing that there will not be room enough to store it. 

Follow up question on this, since the smart contract for the staking rewards was in place and the rewards scale is already defined, will that mean that even if the supply is unlimited, it will stay 2% staking reward forever? Or there will be corresponding smart contract for the supply created thru proof of burning and from the fees used? If so, what will be the future staking rewards scale?

Thank you so much,

 

Zmel

Share this post


Link to post
Share on other sites

Hello master @Arai_Ezzra, I believe I still have question here i need to understand. Respectfully requesting answer. Thank you.

Share this post


Link to post
Share on other sites

Hi zmeldg,

Please refer to the attached snapshot of calculation as per in the DDK whitepaper.

2028 is an estimated figure.

Possible to finish all the unmined ddkoins within 10 years from 2018 because:
1) Not all DDK users are continuously staking since users could possibly 
withdraw or exchange to other coins.
2) The allocation for both direct and chain referral rewards will come out from Airdrop Rewards reserved until the 2% is finished.
3) For staking rewards, the distribution will be based on voting activity by stakeholders until all reach 41 million total DDKoin supply for stak-
ing.

- forumadmin

IMG_20200710_180137.jpg

Share this post


Link to post
Share on other sites

As mentioned by founder @Arai_Ezzra that DDKoin will continue as long as we use or contribute fees because it will be burn through "Proof of Burning" mechanism under DDK Core 2.1.

So does it mean that the 2% distribution rate will be retain all through out?

Let say yesterday the Staking rewards gone depleted already, and today DAI burn some tokens and put it back to genesis address and become part of the staking reward allocation, then how would it be distributed? 

 

On 6/19/2020 at 5:53 PM, Arai_Ezzra said:

This solution will be introduced on DDK Core 2.1 to upgrade DDKOIN to bigger scale and would make 45 million allocation will not be finish and continue running the ecosystem as long the users will still use DDK and contribute fees to the network and use DAI smart contract and it will make the address of 45 million will continue running forever. 

 

Share this post


Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Sign in to follow this  

  • Recently Browsing   0 members

    No registered users viewing this page.