Staking Rewards
Token Emission Schedule
Following the fundraising commitment: The total number of tokens at the genesis block is 55 million VIC tokens for circulation; 12 million additionally are reserved for the team vested over 4 years; and another 16 million are reserved for strategic partners and as part of an ecosystem building fund. The final 17 million are reserved as block rewards for 8 years. The amount of tokens in circulation at the end of the 8th year after the genesis block is 100 million VIC. After the mainnet: the block reward for the first and second year is 4 million VIC annually; the block reward for the 3rd, 4th, 5th year is 2 million VIC annually; and the block reward for the 6th, 7th and 8th year is 1 million VIC annually. Subsequently, the block reward will be halted, or activated at a number less than or equal to 1 million VIC annually.
Implementation: Each epoch consists of 900 blocks, which will reward a total of 250 VIC in the first two years. 250 VIC will be divided across all Masternodes proportional to the number of signatures they sign during the epoch. The reward achieved by each Masternode will be divided into three portions. The first portion of 40%, called the “Infrastructure Reward,” goes to the Masternode. The second portion of 50%, called the “Staking Reward,” goes to the pool of all voters for that Masternode shared proportionally based on the number of tokens staked out of the total number of tokens staked. The last portion of 10%, called the “Foundation Reward,” goes to a special account controlled by the Masternode Foundation, which is run by Viction Lab Pte Ltd. initially.
Reward frequency: Every epoch (~30 minutes), Voters and Masternodes automatically receive rewards.
Reward Calculation Formula and Details
Note that, for simplification of illustration:
The total amount of staked VIC for all Masternodes is equal
The signatures for all Masternodes in the scenarios are equal
With these assumptions, all Masternodes receive the same divided reward (R) and the same infrastructure reward. Furthermore, the reward for Voters with 1,000 staked VIC is equal regardless of which Masternode is voted for.
Scenario 1: 50 Masternodes, 2.5 million token voting, a total of 5 million token locked.
Reward per epoch:
MN infrastructure reward = 0.4 * 5 = 2 VIC
For Voters with 1k staked = (0.5 * 5 * 1000) / 100k = 0.025 VIC
MN staking reward with 50k VIC deposited = 50 * 0.025 = 1.25 VIC
Reward per week:
MN infrastructure reward = 336 * 2 = 672 VIC
For Voters with 1k staked = 336 * 0.025 = 8.4 VIC
MN staking reward with 50k VIC deposited = 336 * 1.25 = 420 VIC
Reward per year:
MN infrastructure reward = 17,520 * 2 = 35,040 VIC
For Voters with 1k staked = 17,520 * 0.025 = 438 VIC
MN staking reward with 50k deposited = 17,520 * 1.25 = 21,900 VIC
Total reward per MN with 50k deposited = 35,040 + 21,900 = 56,940 VIC
Scenario 2: 100 Masternodes, 3 million token voting, a total of 8 million token locked.
Reward per epoch:
MN infrastructure reward = 0.4 * 2.5 = 1 VIC
For Voter with 1k voted = (0.5 * 2.5 * 1000) / 80k = 0.015625
MN staking reward with D = 50k deposited: 50 * 0.015625 = 0.78125 VIC
Reward per week:
MN infrastructure reward = 336 * 1 = 336 VIC
For Voter with 1k voted = 336 * 0.015625 = 5.25 VIC
MN staking reward with D = 50k deposited: 336 * 0.78125 = 262.5 VIC
Reward per year:
MN infrastructure reward = 17,520 * 1 = 17,520 VIC
For Voter with 1k voted = 17,520 * 0.015625 = 273.75 VIC
MN staking reward with D = 50k deposited: 17,520 * 0.78125 = 13,687.5 VIC
Total reward per MN with D = 50k deposited: 17,520 + 13 687.5 = 31,208 VIC
Scenario 3: 150 Masternodes, 12.5 million token voting, a total of 20 million token locked.
Reward per epoch:
MN infrastructure reward = 0.4 * 1.6667 = 0.6667 VIC
For Voter with 1k voted = (0.5 * 1.6667 * 1000) / 133,333 = 0.00625 VIC
MN staking reward with 50k deposited: 50 * 0.00625 = 0.3125 VIC
Reward per week:
MN infrastructure reward = 336 * 0.6667 = 224 VIC
For Voter with 1k voted = 336 * 0.00625 = 2.1 VIC
MN staking reward with D = 50k deposited: 336 * 0.3125 = 105 VIC
Reward per year:
MN infrastructure reward = 17520 * 0.6667 = 11,680 VIC
For Voter with 1k voted = 17520 * 0.00625 = 109.5 VIC
MN staking reward with D = 50k deposited: 17,520 * 0.3125 = 5,475 VIC
Total reward per MN with D = 50k deposited: 11,680 + 5,475 = 17,155 VIC
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