Kyanite coin

Kyanite coin – Coin, optimized for the gaming and adult industry.

THE COIN

Kyanite (KYAN) as a sister coin of Sapphire (SAPP) has emerged from a fork with SAPP.

It is a payment coin similar to SAPP, but with the restriction that it can only be used for products and services for adults.

The focus is on cash games and legal erotic services.

Since such a coin has different requirements regarding age verification, marketing and discretion, we have decided to offer a separate coin for this use case.

There will be interesting offers in the near future!

 

Further details and the white paper we will be aiming to deliver during 2023.

THE ECOSYSTEM

The KYAN developers reverse the usual procedure of cryptocurrency. Most coin developers have great technical ideas but no real business concept. Profits are only realized through speculation and not through value creation. This must fail in the long run.

The current developers of the KYAN Coin come from the real economy and adapt the coin exactly for this.

Stability, money supply control and real value creation are the essential parameters. Interfaces are created so that the coin can be used for real purchase processes while complying with all laws.

THE COMMUNITY

At the same time, the developers work together with the community that has grown up around the coin.

Their support is rewarded through various reward programs:

– Interest on Coins Saved (Proof of Stake)
– Compensation for the provision of hardware (Masternodes)
– Improvement suggestions (Bounties)
– Support through contributions (Rewards)

Kyanite is the future, it offers all opportunities and gives unlimited possibilities to supporters and partners.

COIN SPECIFICATION

PoW Algorithm: X11KVS
Premine: 600,000,000 KYAN (to be distributed to the balance owners)
PoW Blocks: 1 - 1000
PoS Blocks: Starting from 1001
Block Time: 60 Seconds
Maturity: 100 Confirmations
Prefix: Kyanite addresses start with the capital letter "K"
Ports: 7757 (p2p) / 7758 (rpc)
Blockchain explorer

REWARDS

Rewards table

Show rewards table

BlockCollateralBlock RewardMN Reward %Staking Reward %MN RewardStaker Reward
1-600000000----
2200000800----
100120000080001000800
30012000008006535520280

We are happy to introduce the Dynamic Rewards system

All detailed information can be found on the links below

Navigating the DECENOMY Ecosystem: A Guide to Essential Tools and Resources

TechTalk #3: A Deep Dive into DECENOMY’s Dynamic Rewards Algorithm

Understanding Masternodes: Their Role in DECENOMY’s Ecosystem

The Evolution of the DECENOMY Blockchain Code

DECENOMY TechTalk on Medium

Dynamic Rewards – Algorithm Design and Code Breakdown

Summary:

Another dynamic reward adjustment took place.

As a result, the total reward value for the next 10,080 blocks (approximately 7 days) was modified.

This change might raise some curiosity among blockchain users:

How far will this reduction go?
What is the current minimum total reward?

Each time this recalculation occurs in the blockchain, specific information is logged in the debug file located in the blockchain folder:

 

It’s important to note that these details will only be recorded in the debug file if your wallet was open during the recalculation cycle.

2024-12-17 21:54:08 CRewards::ConnectBlock: nTargetEmission: 1167120.36

This shows the target emission that the dynamic rewards algorithm is aiming for, based on the current user activity on the blockchain.

The value of 1167120.36 refers to the total amount for the cycle. If we divide it by 10080 blocks, we get approximately 116 rewards per block.

It’s worth mentioning that the total rewards are distributed as follows: 65% for masternodes and 35% for stakers.

To easily see this we can say that:

Rewards before the dynamic rewards implementation
Total ( 100% ) : 800
MN ( 65% ) : 520
Stake ( 35% ) : 280

Target Rewards after dynamic rewards implementation
( based on current blockchain user activity )
Total ( 100% ) : 116
MN ( 65% ) : 75.4
Stake ( 35% ) : 40.6

This information is valuable for understanding the future of the blockchain in terms of rewards and for identifying potential actions that can be planned along the way. It also offers insights into what the future inflation rate might look like.

EXCHANGES

PARTNERS

JOIN OUR COMMUNITY

Discord

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Twitter

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MASTERNODES

Passive income

An interesting way to earn revenue by providing technology is by providing a Masternode that runs on a proof-of-stake (PoS) base.

First and foremost, a Masternode, like any other full node, is a node server within a network. Full nodes are important because they process transactions and store them in the blockchain.

In addition, however, a Masternode operator has tasks and rights that a normal full-node operator does not have. For this gets the operator high rewards.

In order to obtain the status of a Masternode, the Masternode operator must deposit a corresponding number of coins. For this and for the performance of the tasks and the provision of computing power and storage space, they will receive rewards based on the corresponding Coins (Proof-of-Stake).

However, to be a Masternode operator, you first need to deposit some coins to the network as per the minimum threshold. KYAN masternodes will receive 65% of each block reward.

SUPPORT

Knowledge base:

All the documentation with video tutorials

Official Discord server:

  1. Join our official Discord Server
  2. On the right corner find section “Team”
  3. Choose the team member (click on avatar icon)
  4. Verify the nick name, account number with the table
  5. Click on user avatar, open “more” menu on the right side of popup window and verify the developer ID

Important!

The team will not open DM anyone. If someone opens you a DM saying to be a team member, please reinitiate the DM by contacting him from the channel.
When you want to communicate with a team member, open the DM directly to any of the names on the top right.