Rithy THUL

A brief history of Selendra in cryptonomics

2015 : Blockchain R&D started

2016 : Bitcoin OTC (over the counter) via Bitriel for travelers who want KHR and USD

2017 : Piloted remittent application between SG/KH with Stellar Blockchain

2018 : Formation of Selendra team under Zeetomic codename

2019 : Pilot loyalty programs for local restaurant chains on Stellar Blockchain Selendra Blockchain R&D with Substrate framework began

Nov 2020 : Selendra testnet launched

Dec 2020 : Onboard 3 beta applications to testnet as test cases;
● Albazaar decentralized marketplace
● KOOMPI Fi-Fi users’ reward and payment
● Bitriel blockchain wallet

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Whereas Bitcoin uses a half-life model every 4 years, Selendra (SEL) staking reward releases are distributed according to a declining 6% annual payout.

As per the graph below, during the first year of the initial network launch,
approximately 5% of total staking rewards are released. During each of the following years, for the next 20 years, there will be an approximate 5 to 6% decrease in rewards payable from year to year until all rewards are distributed.

In the advancing world of blockchain application development, as our reward
distribution cycle reaches full maturity, the Selendra reward schedule lays a solid foundation for first generation stakers and developers while continuing to reward the next generation. Selendra’s graduated decremental release method offers greater fairness for later-stage next-generation entrants as well as for early developers and stakers.

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Rithy THUL

Rithy THUL

An incidental entrepreneur, a bicycle lover, electronic enthusiast. Interested in technology, energy, astronomy, philosophy, #Bitcoin and #Selendra.