Just The Basics
Ticker: FlapX
Algo: Scrypt
Block-time Target: 1min
Reward Type: POW/POS FW2
POW Reward: 22 Coins + Fees
100k Coin Fair Weight 2 POS Node
5-22% Apr (FW2)
RPC = 60142
Peer = 60042
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Withdraws Open @ Xeggex Please pull off your coins until they announce if they are going to remain open
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Beyond The Basics
PIR & Fair Weight Explained
Fair Weight for FLAPX is set to 100,000 coins.
Input Weight Cap
Coins Per Input
This mechanism guarantees that if User(A) has a block of 1,000,000 coins, and User(B) has a block of 100,000 coins, and both user's coins are the same age, both users have the same chance of staking a POS reward .
Both blocks will only gain a max staking weight of 100,000 coins per additional block. This is an anti-competitive staking measure. If you have a block of 100,000 coins, you have an equal, or fair chance to stake a POS reward.
Fair Weight determines your chances to stake, not the amount of coins rewarded.
Personal Intrest Percentage
Coins Per Input
Fair Weight 2 (FW2) also known as your PIR (Personal interest rate) Is the mechanism that determines how much your reward will be.