PoS challenge with 5,000,000 ENQ fund!

PoS-challenge will run from 06.22.2021–09.30.2021 and consist of two phases:
06.22.2021–09.29.2021 — delegation.
09.30.2021 — undelegation.

PoS-challenge 3.0 mechanics:

• At the beginning of the stage, the system remembers the state of all created PoS contracts.
• If during the stage a user delegation occurs on the PoS contract, the system will automatically make a bonus delegation if the following conditions are met:
  -the new balance of the PoS contract has become larger than at the beginning of the stage
  -the fee of the contract does not exceed the fee of the Trinity contract
• The amount of the bonus delegation is calculated as the sum of the user delegation multiplied by the coefficient. The coefficient depends on the remaining PoS challenge funds. Below is a table with the decrease in the coefficient depending on the remaining PoS challenge funds:
  5,000,000–4,194,304–2
  4,194,303–2,097,152–1
  2,097,151–1,048,576–0.5
  1,048,575–524,288–0.25
  524,287–262,144–0.125
  262,143–131,072–0.0625
  ……

For instance:

1,000 ENQ are delegated to the POS contract, and the fund has 4,000,000 ENQ. The coefficient will be 2, and the bonus delegation will be 2,000 ENQ.

• If the user delegation (or part of it) is withdrawn before the end of the stage, the system will withdraw the bonus delegation (or part of it). The withdrawn portion is proportional to the total amount of the bonus delegation.

For example, if the user has delegated 2,000 ENQ, and the bonus delegation is 1,500 ENQ, then when the user undelegates 1,000 ENQ, the system will undelegate 750 ENQ.

Look for an announcement of the PoS-challenge 2.0 in our community or news channel.

How to run PoS: https://guides.enecuum.com/enq/how-to-pos.html#running-a-pos-node