We are committed to the long term health and stability of BEL markets.
BEL Market Metrics
LEDGER CLOSE TIME
NETWORK TRANSACTION FEE
TRANSACTIONS PER SECOND
For business transactions anonymous networks do not work as the businesses need to be compliant to various rules and regulations in their respective demographies they operate in. Belrium blockchain is a KYC compliant blockchain where end users need to be complaint to transact otherwise the transactions are not processed. This brings the best of both worlds where you have security and speeds offered by blockchain networks complying already existing governance models.
BET(Belrium token) is used to fulfil the supply demand on Belrium network which would facilitate compliance across remittance, trade finance, KYC, healthcare industries to name a few. Programmers can also develop and deploy their own applications on top of belrium network which would further increase the usability of the Belrium coin. We are building decentralised economies at scale with best of state of the art blockchain protocols and consensus models which are modular and pluggable.
Total Belrium Premined
BEL available to mine
Total BET Supply
In all 23,712,400 tokens of Belrium shall be available for mining. 1,712,400 of these have already been premined during our ICO phase. These will be added into the genesis block of the Belrium blockchain and shall be available within the organization wallet. These will be distributed to respective token owners where they need to prove the ownership of the tokens and convert them into BEL.
As with bitcoin and nearly all other blockchain systems, Belrium rewards the block generator a fixed amount of tokens per block successfully generated and accepted by the system. In Belriums system, all active delegates that successfully participate are rewarded for securing the network.
The block reward linearly decreases over the lifetime of the network, providing significant incentive to actively participate as an active delegate. Block Rewards for miners would start at 5 Bel per block and decrease by 50% each year. Belrium uses proof of stake consensus where anyone can stake 128 BEL and compete to be a delegate. Upon receiving enough support from the community through voting transaction, he can become a delegate on the main network. The list of delegates for the main chain delegates is dynamic and changes with each round.