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

Parameters

Description

Value

Comment

SECS_PER_BLOCK

Block Time

6s

The time required to produce a block

EPOCH_DURATION_IN_BLOCKS

Epoch Time

1h

1Epoch=1hour

//

Era Time

6h

1Era= 6hour

BondingDuration

Unbond Time

14d

The time required to unbond stake

min_inflation

Min inflation

2.50%

//

max_inflation

Max-inflation

10%

//

ideal_stake

Ideal-stake

75%

//

Read more information about parameters in NPoS consensus, or read code directly in Stafi Github.

Token Distribution

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%.

Type

Amount%

Initial Lock

Distribution Schedule

Seed

5.71%

75%

25% released at Mainnet launches, and remaining distributed daily for 8 months from day 31

Private1

2.44%

75%

25% released at Mainnet launches, and remaining distributed daily for 8 months from day 31

Private2

3.64%

75%

25% released at Mainnet launches, and remaining distributed daily for 8 months from day 31

Auction

0.85%

0

100% released at listing

Community Reward

40.00%

0

10% released at day 30, remaining is used for StakingDrop, DevDrop and IPO( initial parachain offering)

Ecosystem Grow

5.00%

40%

40% released on Mainnet Launch, remaining utilized only when new partnerships are established to incentivize liquidity of FIS and rToken.

Foundation

21.37%

0

10% released after 6 months post Mainnet, then distributed daily for 12 months.

Team

15.00%

0

10% released after 9 months post Mainnet, and remaining distributed daily for 9 months.

Advisor

6.00%

0

10% released after 3 months post Mainnet, and remaining distributed daily for 6 months.