Staking Rewards

The Schedule for Token Emission

  • Following the fundraising commitments: A maximum of 55 million ZYN tokens used for circulation is the total number of tokens at the genesis block. Here’s a detailed description of their distribution. Besides, 12 millions are reserved in addtion for the team vested over 4 years and another 16 million will be used by our strategic partners as well as as part of the ecosystem building fund. The final sum of 17 million ZYN is reserved as block rewards for 8 years. The sum of ZYN token circulation at the end of the 8th year after the genesis block is 100 million. Post the mainnet: the block reward for the initial two years is 4 million ZYN annually. Further, the block reward for the 3rd, 4th, 5th year is 2 million ZYN annually. Eventually, the block reward for the 6th, 7th and 8th year is 1 million ZYN annually. After which, the block reward will come to a halt, or activated to operate at less than or equal to 1 million ZYN annually.

  • Implementation:

There are 900 blocks in each epoch, which will reward a total of 250 ZYN in the initial two years period. Those 250 ZYN will be distributed among all the Masternodes in proportion to the number of the signatures they signed during an epoch. The reward that each Masternode earns will be further distributed among three portions. The first portion, called the “Infrastructure Reward,” of 140 will be received by the Masternode. Another 10% portion, called the “Staking Reward,” will be distributed among the pool of all voters for that Masternode. It will be shared in proportion to the number of tokens a voter has staked out on that masternode of the total number of tokens staked in the election. The last portion of 50% goe to the- “Foundation Reward” and ”Treasury Reward”. The reward is released into special accounts managed by the Masternode Foundation, which is run by Wethio internally.

  • Reward frequency: In an automated process, every epoch (~30 minutes), voters and Masternodes get rewards.

Reward Calculation Formula and Details

For a simplified, comprehensive illustration, consider that:

  • The total ZYN amount staked is equal for all Masternodes

  • In the scenarios, the signatures are equal for all the Masternodes

If we consider the assumptions above, all Masternodes get the same divided reward (R) and the same infrastructure reward. Additionally, the reward for Voters who staked 1,000 ZYN is also equal regardless of which Masternode they voted for.

Scenario 1: 50 Masternodes, a total amount of 2.5 million tokens for voting, a total amount of 5 million tokens locked.

Reward per epoch:

  • MN infrastructure reward = 0.4 * 5 = 2 ZYN

  • For Voters who staked 1k ZYN = (0.5 * 5 * 1000) / 100k = 0.025 ZYN

  • MN staking reward for 50k ZYN deposit = 50 * 0.025 = 1.25 ZYN

Reward per week:

  • MN infrastructure reward = 336 * 2 = 672 ZYN

  • For Voters who staked 1k ZYN = 336 * 0.025 = 8.4 ZYN

  • MN staking reward for 50k ZYN deposit = 336 * 1.25 = 420 ZYN

Reward per year:

  • MN infrastructure reward = 17,520 * 2 = 35,040 ZYN

  • For Voters who staked 1k ZYN = 17,520 * 0.025 = 438 ZYN

  • MN staking reward for 50k ZYN deposit = 17,520 * 1.25 = 21,900 ZYN

  • Total reward per MN with 50k deposit = 35,040 + 21,900 = 56,940 ZYN

Scenario 2: 100 Masternodes, a total amount of 3 million tokens for voting, a total amount of 8 million tokens locked.

Reward per epoch:

  • MN infrastructure reward = 0.4 * 2.5 = 1 ZYN

  • For Voters who staked 1k ZYN = (0.5 * 2.5 * 1000) / 80k = 0.015625

  • MN staking reward with D = 50k deposited: 50 * 0.015625 = 0.78125 ZYN

Reward per week:

  • MN infrastructure reward = 336 * 1 = 336 ZYN

  • For Voters who staked 1k ZYN= 336 * 0.015625 = 5.25 ZYN

  • MN staking reward with D = 50k deposited: 336 * 0.78125 = 262.5 ZYN

Reward per year:

  • MN infrastructure reward = 17,520 * 1 = 17,520 ZYN

  • For Voters who staked 1k ZYN= 17,520 * 0.015625 = 273.75 ZYN

  • MN staking reward with D = 50k deposited: 17,520 * 0.78125 = 13,687.5 ZYN

  • Total reward per MN with D = 50k deposited: 17,520 + 13 687.5 = 31,208 ZYN

Scenario 3: 150 Masternodes, a total amount of 12.5 million tokens for voting, a total amount of 20 million tokens locked.

Reward per epoch:

  • MN infrastructure reward = 0.4 * 1.6667 = 0.6667 ZYN

  • For Voters who staked 1k ZYN = (0.5 * 1.6667 * 1000) / 133,333 = 0.00625 ZYN

  • MN staking reward with 50k deposited: 50 * 0.00625 = 0.3125 ZYN

Reward per week:

  • MN infrastructure reward = 336 * 0.6667 = 224 ZYN

  • For Voters who staked 1k ZYN = 336 * 0.00625 = 2.1 ZYN

  • MN staking reward with D = 50k deposited: 336 * 0.3125 = 105 ZYN

Reward per year:

  • MN infrastructure reward = 17520 * 0.6667 = 11,680 ZYN

  • For Voters who staked 1k ZYN = 17520 * 0.00625 = 109.5 ZYN

  • MN staking reward with D = 50k deposited: 17,520 * 0.3125 = 5,475 ZYN

  • Total reward per MN with D = 50k deposited: 11,680 + 5,475 = 17,155 ZYN