XRD Coin

At the heart of Redstone is the XRD coin that runs on blockchain technology using PoW/PoS.

At Launch

When the point the mainnet is launched, there will be a couple of phases designed to distribute XRD and help bootstrap the network and incentivise early adopters. The initial phases will be based on a proof of work (PoW) / Proof of Stake (PoS) hybrid consensus mechanism with the block rewards and then reducing at set block heights. The PoW/PoS phase will last for around 3 months before distribution continues with a switch to PoS only and the block rewards will continu to reduce by 7.5% every 3 months.

Specification

  • Block Time: 60 Seconds with retargeting every block (approx. 1440 blocks per day)
  • Max Coin Supply: PoW=2,916,000 & Total = 90,000,0000
  • PoW Algorithm: X13
  • Premine: [block# 1-2] 5% Premine for founders
  • PoW Phase Period: Approximately 3 months from launch of mainnet
  • PoW Block Reward: [block# 3-129,600] 30 XRD
  • PoS Block Reward: [block# 3 - ) 15 XRD, reducing by 7.50% each year until cap limit reached
  • PoW Rewards Breakdown: [block# 3-129,600] 100% miners / minters
  • PoS Phase Rewards Breakdown: [blocks 129,600-] 65% Redstone Service Nodes , 25% Minters & 10% Redstone Treasury