R5 Coin
Last updated
Last updated
The R5 Coin is the native token of the R5 Network. It plays a crucial role in maintaining the security of the protocol and supporting its economic architecture. This page outlines the main use cases, supply dynamics, and reward mechanisms of the R5 Coin.
Mining Rewards: For each new block mined, new R5 Coins are created and awarded to the miner who validated the block. This mechanism provides a direct incentive for miners to contribute hashing power, ensuring that the network remains robust and secure against potential attacks.
Transaction Fees: R5 is used to pay for the computational resources required to process transactions. Associating a cost with each transaction helps to prevent spam and mitigates the risk of DDoS attacks.
Smart Staking Rewards: Transaction fees collected during network activity are pooled and redistributed through the Smart Staking protocol. Users who deposit and lock their funds with Smart Staking earn interest on their deposits, creating an additional incentive to hold R5 Coins and participate in the network’s economic model.
The total supply of R5 Coins is capped at 66,337,700. This fixed supply helps to maintain scarcity and can contribute to the token's value over time.
Mining Rewards
New R5 Coins are minted with every block as a reward for mining. This mechanism not only secures the network but also ensures that there is continuous issuance of the native token until the capped supply is reached.
Transaction Fee Calculation
The cost for processing transactions is determined by network activity and the gas price. This fee mechanism plays a key role in preventing transaction spamming by ensuring that each transaction has an associated cost.