All reward is paid out every day between 08:00 and 10:00 (UTC +0800). If the deposit to reward account before 08:00, the reward will be paid out next day (T+1). If the deposit to reward account after 08:00, the reward will be paid out the day after next day ( T+2).
Reward Amount = Minimum Balance (past 24hr) * Daily Reward Rate
* Daily Reward Rate is subject to network change.
Frequently Ask Questions (FAQ)
Q: What is LBTC?
A：Lightning Bitcoin (LBTC) is a fork of the Bitcoin blockchain. By adopting DPoS consensus mechanism with 2M blocksize, Lightning Bitcoin improves transaction speed, promotes decentralization and also supports smart contracts. Lightning Bitcoin combines the advantages of Bitcoin and Ethereum and creates a more valuable and functional blockchain system. More details can be found at https://lbtc.io
Q：What is Delegated Proof-of-Stake (DPOS)?
A: DPoS (Delegated Proof-of-Stake) consensus mechanism is designed to allow each holder to vote to a certain number of node representatives to produce blocks. In the case of LBTC, it's determined that there will be 101 verification nodes. These representatives are called super nodes. The network formed by nodes is called a node pool. Each super node is selected by the main network for block generation work in a round-robin or random manner. Each time a block is completed, it is rewarded.
If delegates cannot perform their duties, they will be removed and the network will elect new super nodes to replace them.
Q：How do I use the LBTC rewards account?
A: It takes two steps to get going:
1. Open the LBTC token wallet.
2. Select the LBTC rewards account to transfer LBTC tokens from your spending wallet to the reward wallet. LBTC rewards will be settled weekly and is available to users officially on April 20, 2018.
Q: What are the advantages of smart proxy voting via Cobo as compared to directly voting for DPoS nodes?
A: There are two advantages to using the Cobo LBTC reward wallet. Cobo executes smart, real-time algorithms to optimize and maximize your profits. This not only reduces your risk due to the change of the node pool, but also saves you the cost of voting and withdrawal. Additionally, Cobo saves you on paying for miner's fees (direct participation in the DPoS node's voting dividends will incur miner's fees of 0.01LBTC).