Mine Tokens Based On Loyalty (Proof of Loyalty) New Time Locked Reward system
Most alternative currencies are built upon the basic framework provided by Bitcoin or Ethereum and are primarily decentralized. Many Popular blockchains follow the standard principles of Bitcoins peer to peer functionality while adopting similar or unique traits of their own. They usually offer an efficient way to carry out transactions and normally provide some form of reward structure for processing transaction or user participation in some form.
While most people may already know protocols such as PoW (Proof of Work) and PoS (Proof of Stake) Sparkle serves as an alternative vehicle to earn daily rewards. We have no mining process for SPRKL by which nodes solve cryptographic problems to unlock blocks, and do not require users to have their machines or wallets open 24/7.
Mine tokens based simply on time locked loyalty, the more you hold the more tokens can be mined.
Sparkle scaled reward system is built on loyalty. Our PoL (Proof of Loyalty) solution removes the random process by which users are rewarded with low probability and replaces this with a more fairer based system, in other words (Fairer for the dedicated #SPRKL holders holding minimum amount of SPRKL for a set period of blocks ~14 days). This alternative solution guarantees a predictable rate of return and annual rewards of 30%.
SPRKL Annual Reward System
50% of the max supply is locked away specifically to pay loyalty holders.
We use an approval function so users can claim tokens based on the % they have stored in the contract.
When the reward cycle restarts users will be able to call two functions.
1. Calculate rewards
2. Claim rewards
Note rewards are redeposited back in to the contract and also resets the block number. Any withdraws made from loyalty miners will also reset the block life cycle to encourage a extended loyalty.
In contrast by just holding your tokens in your TrustWalletApp or Metamask Wallet enjoy rewards every 24 hours. So no more headaches with mining or staking.
Advantages of PoL (proof of loyalty) over PoS (proof of stake)
- Daily Rewards
- Zero Network Weight Required to Participate! (that’s right, goodbye
- VPS, hello monthly savings!)
- Coin Resets Every 24 hours
- No Bootstrapping Required
- No Coin Control Required
- Scaled Rewards System
- Timed Payouts