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$Lats coin (PivX fork) is a gift to Latvia and the Latvian online community. The meaning of "Lats" > it is the name of the national currency that Latvia gave away after joining the economical alliance of the EU (good or bad > not for us to decide)

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LATS-DAO/Lats-Core

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Lats Core repository

Coin Specs

$Lats coin (PivX fork) is a layer 1 cryptocurrency. The meaning of "Lats" = it is the name of the national currency that Latvia gave away after joining the economic alliance of the EU (good or bad > not for us to decide).

Coin Specs

  • Name: Lats
  • Ticker: LATS
  • Proof of Stake (PoS) Algorithm: QUARK
  • Total Supply: Unlimited
  • Premine: 0
  • Block Time: 60 Seconds
  • Maturity: 20 Confirmations
  • MN Collateral: 1000
  • Block Time: 60 Seconds
  • Maturity: 100 Confirmations
  • Addresses start with the capital letter "L"
  • Port: 45454

Genesis Block

Proof of Work (PoW) Launch Phase

More details on Proof of Stake (PoS) launch stages

  • PoS Blocks:
  • Block 1001: https://explorer.lats.cc/block/6566da2a064972a9a80fcbe6873d8f015eee2966142a897386367d437ab3815d
  • =========

    Tokenomics:

    • Premine = 0 (in Genesis) // blocks 1 - 2000 mined privately (after 2 failed “fair & and open” launch attempts) = 200’000 $Lats
    • Note: we plan to burn 200’000 $Lats
    • 1st 1000 blocks are PoW, the reward was 100 $Lats/block
    • 1001 - 2000 > PoS (staking + masternodes) the reward was 100 $Lats/block
    • At block #2001 Start of normal PoS
    • Maximum Supply: Unlimited
    • Total Supply: 1’552’412 LATS
    • Circulation Supply: 1’035’390.95 LATS
    • Masternode cost: 1000

    =========

    Block Rewards:

    Ref: https://github.com/LATS-DAO/Lats-Core/blob/main/src/validation.cpp
    • Block 1 to 1000 = 100 $Lats per block (end of the PoW stage)
    • 1001 - 2000 = 100 (High reward PoS stage)
    • 2001 - 192'000 = 9
    • 192'001 - 300'152 = 4.5
    • 300'153 - 800'153 = 2.5
    • 800'154 - 1'600'154 = 1.5
    • 1'600'155 - unlimited = 1

    =========

    Masternode vs Staker Reward split:

    Ref: https://github.com/LATS-DAO/Lats-Core/blob/main/src/validation.cpp
    • Block 1 to 1000 (PoW stage 1) = 100 to Miner
    • 1001 - 2'000 (PoS) = 100 to Staker
    • 2001 - 192'000 = 6 $Lats coins to MN & 3 $Lats coins to Staker
    • 192'001 - 300'152 = 40% MN & 60% Staker = 1.8 coins for MN vs 2.7 for Stake
    • 300'153 - 800'153 = 45% MN & 55% Staker = 1.125 vs 1.375
    • 800'154 - 1'600'154 = 50% MN & 50% Staker = 0.75 vs 0.75
    • 1'600'155 - 3'000'155 = 55% MN & 45% Staker = 0.55 vs 0.45
    • 3'000'156 - 9'900'157 = 60% MN & 40% Staker = 0.6 vs 0.4
    • 9'900'158 - 16'400'158 = 65% MN & 35% Staker = 0.65 vs 0.35
    • 16'400'159 - unlimited = 70% MN & 30% Staker = 0.7 vs 0.3

    The Budget (also known as DAO payments) will be 10% of the block reward, which users can claim for their budgets every 43'200 blocks. Note: Budget coins are NOT included in a block reward - they come from a Superblock (generated based on approved proposals every 43'200 blocks) with a maximum of 10% of the block rewards.

    =========

    Addnodes:

    • addnode=94.130.95.107
    • addnode=94.130.95.108
    • addnode=94.130.95.110
    • addnode=188.40.233.34
    • addnode=188.40.233.35
    • addnode=188.40.233.38
    • addnode=188.40.233.39
    • addnode=188.40.233.40
    • addnode=188.40.233.41
    • addnode=188.40.233.43
    • addnode=188.40.233.44
    • addnode=188.40.233.45

    ==================

    Links

    ==================

    Basic Links:

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    Explorers

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    Bootstrap

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    Communities

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    Trading Pairs

    Xeggex (referral link for joining: https://ej.uz/xeggex):

    FreiXLite:

    StakeCube Trading Pairs (Warning: insolvent exchange)

    (referral link for joining: https://ej.uz/stakecube)

    =========

    COIN DIRECTORY LISTINGS:

    =========

    Team

    Founder: Helmuts Meskonis, No Stress Ltd (UK)

    Stage 1 (completed) development: Liquid369 (USA)

    Developer and Security Consultant: Christian M. (USA)

    Contractor: Graphics: Felikss Veilands (Republic of Ireland)

    =========

    Links - MasterNode specific Directories:

    =========

    More on Latvia

    =========

    .. more information will be added with time..

    Please suggest the changes to this page at: https://forums.lats.cc

    About

    $Lats coin (PivX fork) is a gift to Latvia and the Latvian online community. The meaning of "Lats" > it is the name of the national currency that Latvia gave away after joining the economical alliance of the EU (good or bad > not for us to decide)

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