ShardingDAO Handbook
  • ShardingDAO
  • 1. Introduction to ShardingDAO
    • 1.1 Introduction
    • 1.2 Terminology
    • 1.3 Fragmentation & Subscription
    • 1.4 Secondary Market
    • 1.5 Liquidity Mining (Mining Phase 2)
    • 1.6 Mining Phase 1 vs Phase 2
    • 1.7 Buyout Tender Offer
    • 1.8 Incomes & Dividends
    • 1.9 Bridge
    • 1.10 Token Bar
  • 2. Launch Plan
  • 3. Token Distribution: $SHD
  • 4. Referral Mechanism
  • 5. Black List & White List
  • 6. Tutorials
  • 7. DAO Governace Committee
    • Introduction to DAO Governance Committee
  • 8. FAQ
  • 9. Roadmap
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  1. 1. Introduction to ShardingDAO

1.6 Mining Phase 1 vs Phase 2

Kindly note the output ber block is designed to be much higher during Mining Phase 1 than Mining Phase 2. Learn More Details.

ShardingDAO's Mining Phase 1 will officially start at 11:00 am (SGT) on March 23, 2021. It will last for 21 days. The total mining reward will be 1,500,000 SHD; the output of each block of the Ethereum chain will be 10.45 SHD. On Binance Smart Chain, the output of each block of the chain is 0.1240 SHD. 20% of the mining revenue will be deducted from the Smart Pool operation, and 20% of the mining revenue will be deducted if the pledge amount exceeds the Upper Limit of the respective cryptocurrency.

After Mining Phase 1 is over, Mining Phase 2 will begin. Mining Phase 2 rewards a total of 21,000,000 SHD, which will be released according to the 4-year halving rule. The output of each block of the Ethereum chain is 1.04994 SHD, and each block of the Binance Smart Chain produces 0.01246 SHD. 20% of the mining revenue will be deducted from the Smart Pool operation.

Of all mining revenues, 80% goes to mining users and 20% goes to Developer DAO.

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Last updated 4 years ago

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