20 Million OMEGA
20 Million OMEGA
Every 10 minutes
|1||580,000 OMEGA||Initial Supply||0 Days|
|1-100000||10-195 OMEGA||Open Mining||Gradually incrementing to prevent instamining|
|100001+||195-10 OMEGA||Open Mining||Gradually decreasing to smooth PoS transition|
The incentive stage will see the launch of the Omega wallet. The purpose of this stage will be to incentivize
aspiring masternode owners/operators to provide their services to the system.
We want to ensure that not only crypto investors but potential users of the system (both developers and consumers of developers' services) will be able to gain entry into the ecosystem via mining.
During this period we will also utilize project-held funds to ensure that the value proposition of operating a masternode remains attractive.
In this stage, updates to the core wallet will be made to allow masternode operators to vote to affect the future of the network.
Subsequent to this, the application of upgrades affecting consensus rules or adding new features will be dependant upon the approval of masternode operators. This means features like adjustments to the staking rules, masternode qualifications and coin supply will be up to the community.
During the final stage, the team will implement the final building blocks necessary to make Omega into a powerful and accessible development platform.
Utilizing cutting edge research in distributed systems, consensus and secure multi-party computation, tools will be released enabling developers to deploy applications across the network where computing power can be exchanged for Omega tokens, and Omega tokens can be exchanged for services.
Imagine being able to use Omega to test your multi-region, highly complex web application's network topology just by sending some Omega to an address along with a list of parameters. Oracles, content-delivery networks, APIs - Omega will be able to do it all.