ALLOCATION

Coin release schedule consists of 2 stages:
Stage 1: From Q4, 2019 to Q3, 2023. This is the Team phase. Release 84% of coins by project activities, 8% by Mining (POS/Masternode)
Stage 2: From Q4, 2023 to 2103. Release 8% of coins by Mining (POW/POS/Masternode)

PAST

Sep 17, 2019 – Nov 14, 2019

SHA256-> QUARK

Released for the purpose of restoring the original Bitcoin protocol that Satoshi Nakamoto created. 51% attack took place and the network was destroyed. SHA256 has been swaped to QUARK to keep the network stable.

PRESENT

Nov 14, 2019 – Q3, 2023

COIN SPECIFICATIONS

The parameters of the blockchain network are currently running.

Hash function: QUARK

Timestamping scheme: POW/POS/MASTERNODE

Masternode: 5,000 BXC per masternode

Block size: 2 MB

Block Time: 60 Seconds

Instant transaction

TPS: 200

Minimum Confirm: 6 confirms

Coinbase maturity: 21 confirms

Circulating supply: 17.665.832 BXC

Supply limit: 21.000.000 BXC

PROOF OF WORK (POW) PHASE PERIOD

From block 1-21600

Block reward (PoW): 2 BXC

Masternode reward 60%

POW reward 40%

PROOF OF STAKE (POS) PHASE PERIOD

From block 21601 onward

Block reward (PoS): 1 BXC

Masternode reward 60%

POS reward 40%

FUTURE

Q3,  2023 – Future

QUARK -> MAIN PROTOCOL

The next swap helps move from the old network to a completely new protocol to enable features in the platform.

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