Peony coin

Peony, the coin as improvements for agriculture

THE COIN

Agriculture is an essential part of all of our lives. Unfortunately, the price pressure and highly competitive nature of discounters force farmers to focus on profit maximization, reducing animal welfare, and reducing environmental protections to a minimum. As a result, farms are becoming agricultural factories, animals are being treated as things, and the quality of the products is becoming more and more questionable.

Moreover, it is becoming increasingly difficult for consumers to tell whether agricultural products are produced in an organic and animal-friendly way.

This is exactly what Peony wants to change. Through the Peony Coin, consumers can get farm products directly from farmers. Call it P2P agriculture (Pasture-2-Plate). They can participate in farmland, individual animals, special agriculture services, and assets. As a result, they receive a share of the products produced (fruits, vegetables, cheese, meat, wool, etc.). In combination with affiliated coins such as UltraClear, environmentally friendly and sustainable behavior leads to products being obtained at fair prices and the production can be viewed transparently.

You can be part of it from the beginning, participate in the profits of the Peony Coin, and improve your quality of life in the future with high-quality agricultural products.

THE COMMUNITY

At the same time, the developers work together with the community that has grown up around the coin.

Their support is rewarded through various reward programs:

– Interest on Coins Saved (Proof of Stake)
– Compensation for the provision of hardware (Masternodes)
– Improvement suggestions (Bounties)
– Support through contributions (Rewards)

Peony is the future, it offers all opportunities and gives unlimited possibilities to supporters and partners.

COIN SPECIFICATION

PoW Algorithm: X11KVS
Premine: 7.750.000 PNY (Total coin supply from previous blockchain, distributed after maturing, the remaining is burned)
Max. Supply:1.200.000.000 PNY
PoW Blocks: 1 - 1000
PoS Blocks: Starting from 1001
MN Blocks:Starting from 3001
Block Time: 60 Seconds
Maturity: 100 Confirmations
Prefix: PNY addresses start with the capital letter "P"
Ports: 36779 (p2p) / 36780 (rpc)
Blockchain explorer

REWARDS

Rewards table

BlockCollateralBlock RewardMN Reward %Staking Reward %MN RewardStaker Reward
1200007750000----
22000050----
10012000050-100-50
3001200005080204010
1000013000012080209624
11000130000180653511763
200001500003806535247133
300001700006006535390210
4000011000009006535585315
5000011000007606535494266
6000011000005206535338182
7000011000003806535247133

We are happy to introduce the Dynamic Rewards system

All detailed information can be found on the links below

DECENOMY TechTalk on Medium

Dynamic Rewards – Algorithm Design and Code Breakdown

Summary:

Another dynamic reward adjustment took place.

As a result, the total reward value for the next 10,080 blocks (approximately 7 days) was modified.

This change might raise some curiosity among blockchain users:

How far will this reduction go?
What is the current minimum total reward?

Each time this recalculation occurs in the blockchain, specific information is logged in the debug file located in the blockchain folder:

It’s important to note that these details will only be recorded in the debug file if your wallet was open during the recalculation cycle.

2024-12-17 21:54:08 CRewards::ConnectBlock: nTargetEmission: 1167120.36

This shows the target emission that the dynamic rewards algorithm is aiming for, based on the current user activity on the blockchain.

The value of 1167120.36 refers to the total amount for the cycle. If we divide it by 10080 blocks, we get approximately 116 rewards per block.

It’s worth mentioning that the total rewards are distributed as follows: 65% for masternodes and 35% for stakers.

To easily see this we can say that:

Rewards before the dynamic rewards implementation
Total ( 100% ) : 800
MN ( 65% ) : 520
Stake ( 35% ) : 280

Target Rewards after dynamic rewards implementation
( based on current blockchain user activity )
Total ( 100% ) : 116
MN ( 65% ) : 75.4
Stake ( 35% ) : 40.6

This information is valuable for understanding the future of the blockchain in terms of rewards and for identifying potential actions that can be planned along the way. It also offers insights into what the future inflation rate might look like.

EXCHANGES

PARTNERS

JOIN OUR COMMUNITY

MASTERNODES

Passive income

An interesting way to earn revenue by providing technology is by providing a Masternode that runs on a proof-of-stake (PoS) base.

First and foremost, a Masternode, like any other full node, is a node server within a network. Full nodes are important because they process transactions and store them in the blockchain.

In addition, however, a Masternode operator has tasks and rights that a normal full node operater does not have. For this gets the operator high rewards.

In order to obtain the status of a Masternode, the Masternode operator must deposit a corresponding number of coins. For this and for the performance of the tasks and the provision of computing power and storage space, they  will receive rewards based on the corresponding Coins (Proof-of-Stake).

However, to be a Masternode operator, you first need to deposit some coins to the network as per the minimum threshold. PNY masternodes will receive 65% of each block reward.

SUPPORT

Knowledge base:

All the documentation with video tutorials

Official Discord server:

  1. Join our official Discord Server
  2. On the right corner find section “Team”
  3. Choose the team member (click on avatar icon)
  4. Verify the nick name, account number with the table
  5. Click on user avatar, open “more” menu on the right side of popup window and verify the developer ID

Important!

The team will not open DM anyone. If someone opens you a DM saying to be a team member, please reinitiate the DM by contacting him from the channel.
When you want to communicate with a team member, open the DM directly to any of the names on the top right.