Technical Model and Tokenomics of Cmusic Coin
Overview
Cmusic Coin is designed to establish a robust and decentralized cryptocurrency network, emphasizing a unique approach to block rewards and a sustainable, transaction-based reward system. The primary goal is to enhance early network security and participation, transitioning smoothly to a transaction fee incentive model.
Technical Specifications
- Blockchain Type: Proof of Work (PoW)
- Block Time: 60 seconds
- Initial Block Reward: 300 coins
- Max Supply: 175 000 000
- Reward Reduction:
- 1st reduction at block 200,000 to 200 coins
- 2nd reduction at block 400,000 to 150 coins
- 3rd reduction at block 600,000 to 100 coins
- 4th reduction at block 800,000 to 75 coins
- 5th reduction at block 1,000,000 to 50 coins
- Final reduction at block 1,200,000 to 0 coins
- Donation to Development: 10% of block rewards
Block Reward Structure
The block reward begins at 300 coins and is reduced at predetermined block heights, aiming to transition to a model primarily based on transaction fees.
Reward Reduction Timeline
| Period | Block Height Range | Reward Per Block (Coins) |
|---|---|---|
| Initial phase | 0 to 200,000 | 300 |
| 1st reduction | 200,001 to 400,000 | 200 |
| 2nd reduction | 400,001 to 600,000 | 150 |
| 3rd reduction | 600,001 to 800,000 | 100 |
| 4th reduction | 800,001 to 1,000,000 | 75 |
| 5th reduction | 1,000,001 to 1,200,000 | 50 |
| Final phase | 1,200,001 and beyond | 0 |
Developer Donation
10% of each block reward is allocated to ongoing development and operational expenses, ensuring the network’s continuous improvement and sustainability.
The developer wallet balance can be found at our explorer here.
Economic Model
The economic model is crafted to ensure the longevity and stability of the network by gradually reducing block rewards, decreasing inflation over time, and shifting the economic incentive towards transaction fees, which will become the primary reward mechanism for miners after the final reduction.
Governance
Cmusic Coin adheres to a decentralized governance model, empowering the community to play a significant role in future developments and decisions. This model promotes community consensus and involvement in governance decisions.
Conclusion
Cmusic Coin adopts a forward-thinking approach to cryptocurrency economics, focusing on long-term sustainability and active community involvement. The strategic balance between block rewards and transaction fees is designed to build a resilient network that supports the growth of both miners and users.