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.
Last modified 2mo ago