How Does Bohaniqa Work?
The network runs in shifts of ~24 hour intervals and releases BOQ tokens to active miners.
A miner can clock-in at any time during a shift to claim their mining rewards. The rewards for a given miner can be calculated as follows:
f(Sc)= Rb + Ri(⌈Sc⌉−1), Sc ∈ [1, Sm]
= 250 + 0.25(⌈Sc⌉−1), Sc ∈ [1, 10K]where:Sc= Number of completed shifts.Rb= Base rate mining rewards.Ri= Inflation rate mining rewards.Sm= Maximum number of shifts.
Giving a max supply of 149.9B (14.9M/miner) over ~30 years. Unclaimed tokens reduce the max supply in real-time, creating a deflationary currency.