Welcome To Australian Opal Coin
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Australian Opalcoin is a cryptocurrency blockchain, with Proof of Stake (POS) and Masternode (MN) functions. Users can contribute to the network in two separate ways.
Proof of Stake: 10% of every block reward goes to the stakeholders of the project. Individuals that stake will receive a portion of the POS rewards. Masternodes: 90% of every block reward goes to Masternode owners.
What is a Masternode?
Masternodes are nodes that helps the network run and operate at an effective level. Depending on the blockchain: Masternodes has to meet certain standards in order for the blockchain. The specific requirements under our blockchain can be found below under our reward structure section. Each masternode has equal importance in the eyes of the blockchain and the rewards are spread out evenly. Once a masternode receives a reward then moved to the end of the queue, which creates an systematic and even distribution amongst all masternode owners.
What Is Staking?
Staking
Staking is an essential part of any blockchain network, without staking the blockchain will not be able to run on its own. Unlike, Masternodes there is no specific requirements in order to be able to participate in POS. Therefore Aopalcoin provides the ability for anyone to be able contribute and become apart of the Australian Opalcoin Blockchain.
Specifications
- Name: AOPALCOIN
- Ticker: AUOP
- Premining: 250000
- MN: 90%
- Staking: 10%
Reward Structure
Phase
Block Start
Block End
Collateral
Reward
MN
Staking
Phase 1
0
350
10
1
0,90
0,10
Phase 2
351
5000
250
2
1,8
0,2
Phase 3
5001
10000
500
2,5
2,25
0,25
Phase 4
10001
35000
700
7
6,3
0,7
Phase 5
35001
55000
1500
10
9
1
Phase 6
55001
75000
5000
20
18
2
Phase 7
75001
100000
10000
40
36
4
Phase 8
100001
110000
12500
50
45
5
Phase 9
110001
120000
15000
60
54
6
Phase 10
120001
130000
17500
80
72
8
Phase 11
130001
140000
20000
90
81
9
Phase 12
140001
160000
22500
100
90
10
Phase 13
160001
180000
25000
110
99
11
Phase 14
180001
200000
30000
120
108
12
Phase 15
200001
230000
40000
100
90
10
Phase 16
230001
300000
50000
80
72
8
Phase 17
300001
350000
60000
60
54
6
Phase 18
350001
>
100000
50
45
5
start phase, legal research
start the coin, listing preparation, listings
lease agreements, Application of mining for Season 2021
Prospecting season 2021 with our opalmine
Presentation of the stones, which we found
Salestation of opalcoins with opals from our mine and others
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