Stake GuideStaFi Chain

StaFi Chain is a blockchain built on the Substrate framework, this document is intended for users and developers who want to learn more about StaFi Chain.

Mainnet

Introduction

StaFi Mainnet has successfully launched on 7th September 2020 12:00 UTC, the main functions of this version includes:

FIS Staking:FIS holders can participate in the NPoS consensus through staking and win staking rewards.

Token Transfer:Mainnet enables FIS transfer.

Token Vesting:Vesting app supports token vesting to StakingDrop Participants, Sitara Winner, Investor, etc.

Multi-signature:Account multi-signature is supportive, ready for StakingContracts.

Staking Contracts and rToken are not supportive in this version, those functions will be FULLY TESTED and AUDITED in Seiya and Sitara testnet, and then it will be upgraded to the Mainnet. Please note that, modules of Smart Contract and Staking Contract are removed, basic features are built with substrate and similar to Polkadot, thus no additional audit for this version.

Parameters

Some parameters of the Mainnet are set as follows

ParametersDescriptionsValueComment
SECS_PER_BLOCKBlock Time6sThe time required to produce a block
EPOCH_DURATION_IN_BLOCKSEpoch Time1h1Epoch=1hour
//Era Time6sThe time required to produce a block
BondingDurationUnbond Time14dThe time required to unbond stake
min_inflationMin inflation2.50%//
max_inflationMax inflation10%//
ideal_stakeIdeal-stake75%//

Token Distribution

All tokens have been unlocked up to date.

The total supply of FIS token is 100,000,000, and has an initial circulating supply of 3,791,657. The inflation rate in the first year is 10%.

TypeAmountInitial LockDistribution Schedule
Seed5.71%75%25% released at Mainnet launches, and remaining distributed daily for 8 months from day 31
Private12.44%75%25% released at Mainnet launches, and remaining distributed daily for 8 months from day 31
Private23.64%75%25% released at Mainnet launches, and remaining distributed daily for 8 months from day 31
Auction0.85%0%100% released at listing
Community Reward40%75%10% released at day 30, remaining is used for StakingDrop, DevDrop and IPO( initial parachain offering)
Ecosystem Grow5%40%40% released on Mainnet Launch, remaining utilized only when new partnerships are established to incentivize liquidity of FIS and rToken.
Foundation21.37%0%10% released after 6 months post Mainnet, then distributed daily for 12 months.
Team15%0%10% released after 9 months post Mainnet, and remaining distributed daily for 9 months.
Advisor6%0%10% released after 3 months post Mainnet, and remaining distributed daily for 6 months.

StaFi Chain