Royalties mining pools
Royalties is a fork of XDN (DigitalNote) and will have the same linear interest formula as the original code to start with. We understand that this linear formula doesn't make locking up your coins for longer terms better. Meaning we know that most will manually compound your deposits. By depositing for 1 month and after that month redeposit the total sum, over and over. The formula should be compounding, and in Deposits 2.0 we will bring a better deposit structure. We needed development funds from the ICO, code Deposits 2.0 and many other changes.
Block rewards start out a little different, they start small and get bigger as the network grows and so does the cost of mining. Yes block rewards are part of the network security. However if at the beginning we have 100 Transactions per day and the blockchain is still a small file. Its like the differences between securing a home WIFI and all of Google. At the beginning Bitcoin was producing about 7,200 coins per day and now about 1,800. By year 2 Royalties will be producing 7,200 or 5,400 more coins than Bitcoin is now per day. So Royalties will be producing the same amount of coins per day, that Bitcoin did in the beginning, only Royalties will do this until Total supply is reached.
The Royal Mission
Royalties is a Cryptocurrency which strives to serve the public as a stable medium of exchange, that offers a superior and guaranteed rate of Return on Investment (ROI) through it’s blockchain Deposits.
Royalties Board Members are committed to the long term viability and stability of the currency, for the purpose of providing the public a safe, stable currency that is free of corruption and abuse. Royalties was designed to expand on it’s own through its unique interest generating code, to grow and service an unlimited population and satisfy the true definition of what it means to be a currency.