Distribution amount

Eco Fund PMR

In the WEMIX3.0 blockchain network, each block generates a block reward of 1 WEMIX. A portion of this, specifically 0.25 WEMIX(25% of that amount), is accumulated to the Eco Fund to stimulate the ecosystem’s growth.

The PoET reward builds an environment where all members who contributed to the development of the ecosystem can grow together. Eco Fund PMR, which is a maximum of 0.25 WEMIX per block, is distributed to builders with VET certification and users who engage with Verified Contracts.

The PoET rewards are distributed across 15 levels, ranging from Level 1(0.0167 WEMIX) to Level 15(0.25 WEMIX), proportionate to the number of transactions occurring within the past 86,400 blocks, based on the current block. Notably, PoET reward is exclusively provided to transactions possessing VET certification.

The PoET reward is also distributed among both builders and users. However, if transactions utilize the fee delegation mechanism, the entire PoET reward may be directed solely to the builders. Currently, this reward is allocated between builders and users at a fixed ratio of 1:3, although this ratio is subject to potential adjustments in accordance with policy.

Distribution Levels

The number of transactions initiated on blockchain directly reflects the network’s level of activity, with a higher transaction count indicative of heightened network engagement.

The PoET reward, ranging from 0.0167 WEMIX to 0.25 WEMIX, hinges on the levels proportionate to the number of transactions initiated within the recent 86,400 blocks relative to the current block. In simpler terms, greater transaction volume corresponds to escalated network activity, thereby elevating the PoET reward.

To reiterate, the ratio of PoET reward is determined by the overall transaction count on the network, while the reward per block is calculated by the VET count within the block, rewarding the builders and users who contribute to these VETs.

Here is a table of PoET reward levels based on the number of transactions:

LevelsNumber of transactions in the last 86,400 blocksⓐ Distributed amount per block

1

Less than 172,800

0.0167 WEMIX

2

Less than 345,600

0.0333 WEMIX

3

Less than 432,000

0.0500 WEMIX

4

Less than 518,400

0.0667 WEMIX

5

Less than 691,200

0.0833 WEMIX

6

Less than 777,600

0.1000 WEMIX

7

Less than 864,000

0.1167 WEMIX

8

Less than 1,036,800

0.1333 WEMIX

9

Less than 1,123,200

0.1500 WEMIX

10

Less than 1,209,600

0.1667 WEMIX

11

Less than 1,382,400

0.1833 WEMIX

12

Less than 1,468,800

0.2000 WEMIX

13

Less than 1,641,600

0.2167 WEMIX

14

Less than 1,728,000

0.2333 WEMIX

15

More than 1,728,001

0.2500 WEMIX

Distribution Policy

[V1] Equal Distribution Based on the number of VETs:

  • Updated at: September 1st, 2023

  • The PoET reward determined by the number of transactions is distributed equally based on the VET amount included in each block.

  • Distribution per VET in Block n = PoET distribution amount in Block n / ⓐ Total VET in Block n

  • Distribution per user in Block n = (PoET distribution amount in Block n / ⓐ Total VET in Block n) * 0.5

For instance, we will assume a total of 300,000 transactions initiated during the recent 86,400 blocks dating from the current block, and a total of 3 VETs each executed by different users contained in this current block. In this case, based on the number of recent transactions initiated, PoET reward at level 6 is given out, which is 60% of Eco Fund PMR, which is 0.15 WEMIX. A total of 3 VETs are contained in the current block. Therefore the 0.15 WEMIX of PoET reward is divided into 0.05 WEMIX for each transaction. After which the 0.05 WEMIX provided to each transaction is divided equally between builders and users, allowing them each to claim 0.025 WEMIX through the PoET website.

[V2] Proportional Distribution Based on the VET gas fees:

  • Updated at: September 18th, 2023

  • The PoET reward determined by the number of transactions is distributed proportionally based on the VET gas fees in each block.

  • Distribution per VET in Block n = (VET gas fees in Block n / Total VET gas fees in Block n) * ⓐ PoET distribution amount in Block n

  • Distribution per user in Block n = (VET gas fees in Block n / Total VET gas fees in Block n) * ⓐ PoET distribution amount in Block n * 0.5

For example, let's consider the current block as a reference point. Over the last 86,400 blocks, there have been a total of 300,000 transactions. Assume that the current block contains a total of 3 VET transactions executed by different users. In this scenario, PoET Distribution Level is level 6 based on the recent transaction count. Specifically, 0.15 WEMIX is allocated, which corresponds to 60% of the EcoFund PMR reward. The current block includes a total of 3 VET transactions, and PoET rewards are distributed differently based on the gas cost ratio associated with these transactions. If the gas cost ratio for performing VET transactions is 60%, 30%, and 10%, respectively, each transaction will receive 0.09 WEMIX, 0.045 WEMIX, and 0.015 WEMIX. Subsequently, the 0.09 WEMIX, 0.045 WEMIX, and 0.015 WEMIX received from each transaction are equally provided to both builders and users. These rewards can be claimed through the PoET platform.

[V3] Updated Distribution Levels and Builder/User allocation ratio

  • Updated at: March 7th, 2024

  • The PoET rewards are distributed across 15 levels proportionate to the number of transactions occurring within the past 86,400 blocks, based on the current block.

  • The PoET rewards are allocated between builders and users at a fixed ratio of 1:3

  • The number of transactions in the last 86,400 blocks: 1,720,000 -> Distribution Level 14

  • Distribution per user in Block n = (VET gas fees in Block n / Total VET gas fees in Block n) * ⓐ PoET distribution amount in Block n * 0.75

For example, let's assume that within the last 86,400 blocks, there have been a total of 1,720,000 transactions. In the current block, it's assumed that there are three VET transactions executed by different users. In this scenario, the distribution level would be 14, equivalent to 0.2333 WEMIX, based on the recent number of transactions. Within the current block, there are a total of three VET transactions, and the PoET reward is distributed differently based on the gas fee ratio used in each of these transactions. If the gas fee ratio consumed for each VET transaction is 60%, 30%, and 10% respectively, then each transaction would be distributed as 0.14 WEMIX, 0.07 WEMIX, and 0.0233 WEMIX accordingly. Subsequently, the received amounts of 0.14 WEMIX, 0.07 WEMIX, and 0.0233 WEMIX from each transaction will be provided to builders and users at a ratio of 1:3 respectively, and can be claimed through the PoET platform.

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