Enecuum Launches PoS Challenge with 6,000,000 ENQ Fund!

10/28/2020 12:00 PM (UTC+0) to 02/05/2021 the first stage of the POS-challenge on the Enecuum platform will take place. The duration of the first stage is 100 days.  

PoS challenge is conducted in several independent stages. Each stage starts after the end of the previous one. During each stage, the system delegates funds for participants’ PoS contracts in accordance with the rules. At the end of the stage, all funds delegated by the system are undelegated and the next stage begins.

Total amount of coins available for bonus delegation is 6,000,000 ENQ.

10/28/2020 to 02/05/2021 the first stage of the PoS-challenge will take place with a duration of 100 days. It consists of three parts:

10/28/2020 – 11/06/2020 – delegation.

11/07/2020 – 02/04/2021 – holding.

02/05/2021 – undelegation, i.e., withdrawal of the funds.

Challenge mechanics:

 – the new balance of the PoS contract has become larger than at the beginning of the stage

 – the fee of the contract does not exceed the fee of the Trinity contract

Below is a table with the decrease in the coefficient depending on the remaining PoS challenge funds:

6,000,000 – 4,194,304 1

4,194,303 – 2,097,152 0.5

2,097,151 – 1,048,576 0.25

1,048,575 – 524,288 0.125

524,287 – 262,144 0.0625

262,143 – 131,072 0.03125

For instance: 

1,000 ENQ are delegated to the POS contract, and the fund has 3,000,000 ENQ. The coefficient will be 0.5, and the bonus delegation will be 500 ENQ.

For example, if the user has delegated 2000 ENQ, and the bonus delegation is 1500 ENQ, then when the user undelegates 1000 ENQ, the system will undelegate 750 ENQ.

How to run PoS: https://guides.enecuum.com/enq/how-to-pos.html#running-a-pos-node

Community in tg: https://t.me/Enecuum_EN

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