The Qnode.Defi (QND) Protocol shall be live in a 120 Days countdown from October 1, 2020 at a determined block height on the Ethereum Blockchain.
QND Contract Address:
Defi Mining (explained)
On the Qnode blockchain, there are two layers of Use-case functions;
Masternodes and Miners. And base on governance, the Qnode block rewards is split between masternodes (55%), miners (35%) and treasury (10%).
The Qnode.Defi mining pool shall be deployed via the Inter-chain bridge, as it is backed with the Qnode blockchain and on determined governance. At launch of inter-chain bridge, Only a minimum amount of 5,000 QNC or 6.25 QND can be iterated (swapped) on the bridge for a to and fro transaction. Any swap below the minimum is disabled or lost if executed.
Master-node feature, which is a PoSe (Proof of Service) functionality performs network security on the native blockchain and by extension incentivise Qnode.Defi Protocol via the bridge. These services includes privacy of transactions (PrivateSend), Instant transactions (InstantSend), the distribution governance, projectile voting and treasury system. This makes the Qnode network to grow stronger with masternodes.
Difficulty changes with each block and Governance heightens after each block halving on the blockchain at every 210,240 block count. Thus halving the block rewards sequentially.
Algorithmic Bridge Formulae
#1. Inter-chain Defi Ratio (IDr):
1 QND = 0.00325% of QNC Supply - CN.
Where CN (Constant of Negligible Decimal) = 0.28
#2. Total Defi Supply (TDs) mintable in Smart Contract:
TDs = QNC Supply/IDr
Where IDr (Interchain Defi Ratio) in QNC = 800 QNC