Important information on new Blocknet wallets, chain migration and staking.

Wallets

• The new Blocknet DX Wallet is ready and available at — https://github.com/BlocknetDX/BlockDX/releases
• All builds are done via gitian and are automated
• For setting up a service node, 5k block is required — see https://github.com/…/…/blob/master/blocknetDXservice-node.md for setup details.
• Since developers contribute 24/7 to the code base (5 devs total currently), expect rapid releases as new features are added.
• For support or questions please reach out on slack — https://theblocknet.slack.com

Chain migration on 1st September

• For VERY Important migration instructions and information, please see https://medium.com/@theblocknetchannel/important-the-blocknet-launches-its-new-production-blockchain-on-1st-september-steps-for-49f89cb17824

Staking

• Staking and fees on the Blocknet are bundled together in a 70/30 split between nodes and stakers. This is a combination of POS staking and network trading fees.
• Staking is estimated to be between 9% — 14% in the first year.
• Nodes will receive 70% and stakers will receive 30%. This means that if you do not have enough Block to run a node, you will STILL get part of the node fees, and if you run a node, you will also get part of the stakes as well.
• Your wallet must be unlocked to actively stake and receive rewards.
• There will be 525,600 new blocks created annually at (1 block per minute) with decreasing inflation each subsequent year.
• Please see full FAQ for more information: https://www.reddit.com/r/theblocknet/…/6vrxel/blocknet_faq/…

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