BOScoin- Reward PF

1. Effective date :
   If the proposal is approved, execution starts at 13:00, December 7th, 2018 (UTC+09:00). It will be executed during 6,307,200 blocks (approximately a year).

1. The amount of issuance : 160,833,600 BOS
2. Voting Schedule:
   Start : November 30th, 2018 13:00
   End: December 6th, 2018 13:00
   ※KST standard: UTC +09:00
3. Conditions for approval of proposal
   A/C −B/C ≥0.1
   A: The number of “Agree” votes
   B: The number of “Disagree” votes
   C: The number of Members as of end of voting
4. The purpose of Membership Reward PF
   The Membership Reward PF proposal aims to revise the reward system proposed in WP1.0.
   If the proposal is approved, the Membership Reward will replace both the Confirmation and Freezing Reward. The budget for the Membership Reward will be the same as the total budget of Confirmation and Freezing Reward.
5. Calculation of Membership Reward
   •Commencement of Membership Reward calculation: 13:00, December 7th, 2018 (UTC+09:00).
   •The amount of Membership Reward per member per 17,280 blocks:
   440,640 BOS X (The number of frozen BOS in Frozen accounts linked in a Membership account) / (The total number of frozen BOS in the BOSnet).
   •The amount of Membership Reward per member will be calculated every 17,280 blocks (approximately daily). For calculation, every Member’s frozen BOScoin will be counted every 17,280 blocks. The number of frozen BOScoin will be included in the counting if only BOScoin remains frozen during the 17,280 blocks.
6. Distribution of Membership Reward
   •Membership is required to receive Membership reward.
   •Membership Reward will be distributed to Membership account.
   •The first distribution of Membership reward will include
   approximately 10 days of
   rewards.
   •From the second distribution of Membership reward will include approximately 28 days of
   rewards.

https://t.me/OfficialBOScoin
https://boscoin.io/