- 180 days
REMME builds the distributed Public Key Infrastructure (PKI) protocol with a set of DApps to enable passwordless authentication
The REM token powers all operations within the REMChain public network and serves as a digital key for gaining access to DApps on top of it. Token holders will be able to use the REM token in a variety of ways:
Wallets need to support adding ERC-20 standard tokens. The private key of your wallet should be under your control. If you are not sure if your wallet is suitable, please contact a support team of your wallet provider.
Wallets which definitely support REM token:
Guardians play a crucial role in REMChain operation. They are in charge of electing the most credible and professional candidates to produce blocks. If you choose to take up this responsibility and become a REMChain Guardian.
According to the Delegated Proof of Stake (DPOS) consensus model, those who hold the status of a Guardian are actively involved in REMChain governance. They delegate their will to trusted Block Producers (BPs) through a continuous voting mechanism. Guardians earn full and liquid rewards from the very start. We’ve recently updated the reward sources and introduced a dual system to stimulate network growth during the first year of operation. Below is a brief description.
60% of the paid services delivered by the network to its users is shared among all Guardians proportionally to their own stake.
Around 0.3% on staked REM per month stimulated by the Remme Incentive Fund during the first year.
In Protocol, there are specific criteria that need to be met by an account to attain Guardian status:
To participate in stake reward distribution, a Guardian needs to keep their status by:
Should a Guardian fail to vote for over a month:
An account may decide to unstake tokens (not permitted during the lock period over the first six months of staking). After this, staked tokens will gradually (1/26) start to release over a period of six months on a weekly basis. This is done to secure the network from speculative behavior among Guardians and BPs.
P.S: You need to make these manipulations every week or more rarely (e.g. every month)
For example, you start unstaking 300M REM. After two months you decide to stake tokens again. 200M tokens left pending release get unlocked and staked again. If you decide to additionally stake the tokens that were previously released, the entire stake would get locked again for six months as described in the staking procedure.