Stages of Development

SONO combines both PoS and PoW.

Stage 1 - Proof of Work and Proof of Stake

Stage 1 of SONO will consist of a Proof of Work distribution method using the SkunkHash algorithm. The reward of each Proof of Work block is 1 SONO every 60 seconds and any additional transactions fees that should come from the transactions within the block.

Stage 1 will also consist of Proof of Stake.

The intent of Proof of Stake is to secure the network with a high amount of active nodes. It then rewards the users who keep coins in their wallets with up to 0.49% per 24 hours the coins has been in the wallet.

This means 180% in a year from Proof of Stake to start off.

This will ensure that a large amount of coins are produced in the first stage as the Proof of Work reward is set very low.

Stage 1 ended on the 20th of January 2018.

Stage 2 - Masternode Update

Stage 2 will be including the Masternode Update that was added to the project after a community vote on the official forums.

Masternodes will receive the following rewards:

  • Proof of Work Blocks: 25% of the reward.

  • Proof of Stake Blocks: 25% of the reward.

Stage 2 was activated on the 27th of January 2018.

Stage 3 - Proof of Work and Proof of Stake changes

Proof of Stake will be revised in Stage 3 and will be lowered from the 180% per year or 0.49% per day to 50% per year or 0,137% per day.

The Proof of Work reward will also be raised from 1 SONO to 2 SONO per block.

The change is made to attract more miners and still make it profitable to hold and stake SONO.

Stage 3 was activated at block 240.000.

Stage 4 - Final PoS and PoW rework

The final stage consists of a total rework of our wallet.

We will move from SONO 1.3.0.2 to SONO 2.0 which means a swap will be done. SONO will be swapped at a 1:1 scale, so there will be no difference in the amount of coins you receive.

The following changes will be made from SONO 1.3.0.2 to 2.0:

  • • PoS becomes static and will give a reward of 1 SONO for a PoS block.

  • • Minimum amount of coins in an input needed for staking is raised from 5 to 50.

  • • Block time is reduced from 60 seconds down to 30 seconds.

  • • Coins mature from mining/staking after 500 confirmations.

Stage 4 was activated on the 18th of June 2018.

Stage 5 - Final PoS and PoW rework

Stage 5 is deemed to be the final stage of the development of the SONO currency for a long time. The following changes are being implemented into the new system:

  • • PoS is now dynamic and set to 40% per year.

    • PoW is increased from 1 SONO per block to 2 SONO per block.

    • Block time is increased from 30 seconds to 60 seconds.

    • Max Supply is now set at 5.000.000 SONO.

    • Coin input combining system now works and combines all inputs that are lower than 1000 coins.

Stage 5 was released on the 7th of September and activates 3 weeks later.

Masternodes

SONO releases with masternode enabled. The cost of a masternode is 1000 SONO.
Masternodes are rewarded 25% of both PoW and PoS blocks.

Web Wallet

The SONO development team has created a web wallet that allows the user to stake along with a hand full of other helpful features to make your life easier.
We are constantly looking for feedback so if there is anything you'd like to see in the web wallet send us a message on our official discord server!

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