StaFi 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.
- Explorer: https://apps.stafi.io/ (opens in a new tab)
- Subscan: https://stafi.subscan.io/ (opens in a new tab)
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 | Descriptions | 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 | 6s | The time required to produce a block |
| 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% | // |
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%.
| 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% | 75% | 10% released at day 30, remaining is used for StakingDrop, DevDrop and IPO( initial parachain offering) |
| Ecosystem Grow | 5% | 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% | 0% | 10% released after 9 months post Mainnet, and remaining distributed daily for 9 months. |
| Advisor | 6% | 0% | 10% released after 3 months post Mainnet, and remaining distributed daily for 6 months. |
