The DHX DAO Unlocked Reserves (that will be governed by the DHX DAO Treasury) will have 30% of the total supply of DHX tokens at the genesis block and other ongoing fees. These funds will be used to distribute rewards though DataHighway Proof of Participation consensus mechanism by users in governance and mining.
DHX is a polkadot parachain, and every 12 seconds, one block is added to the blockchain by a winner Collator Node. Once the Collator wins, the rewards are distributed between the Collator Node and their Delegators:
The winning condition is determined by Kusama consensus protocol. For more details, please refer to the Kusama Consensus Documentation.
Community members can participate on the blockchain via two ways:
Being a Collator node
Being a Delegator
The collator node is an entity that pushes blocks onto the blockchain. To participate as a collator please documentation this documentation Setup Collator Node.
The delegators are community members that support collators and their contributions. To be a Delegator please review the documentation How to become a Delegator [Missing Link]
Every day, 500 DHX are distributed by the block generation. One block is produced every 12 seconds. Everyday has 86400 seconds
86.400 seconds / 12 seconds = 7.200 blocks per day86.400seconds/12seconds=7.200blocksperday
1DHX = 1.000.000.000.000.000.000 attoDHX1DHX=1.000.000.000.000.000.000attoDHX
500 DHX = 500.000.000.000.000.000.000 attoDHX500DHX=500.000.000.000.000.000.000attoDHX
We use atto unit
500.000.000.000.000.000.000 attoDHX / 7200 block = 69.444.444.444.444.444 attoDHX500.000.000.000.000.000.000attoDHX/7200block=69.444.444.444.444.444attoDHX
Every time a block is produced, the winning collator node gets 69.444.444.444.444.444 attoDHX The rewards are distributed among the participants in proportion to their contribution. Take this picture as an example:
Carl build his own Collator Node and transferred 30 DHX as contribution
Billy joined Carl’s Collator Node and transferred 20 DHX as contribution
Chuck joined Carl’s Collator Node and transferred 10 DHX as contribution
In total, there is 60 DHX on the node. Now, the nodes win, and get the reward = 69.444.444.444.444.444 attoDHX which is distributed proportional to the contribution of each member. Since Billy placed 20 HDX wich is the 33% of the total contribution, he gets, 33% of the total reward, in this case, 188.8.131.52.148.148 attoDHX