DAPS Coin - Decentralized Anonymous Payment System.

DAPSCOIN SPECIFICATION
PIVX/Phore-based [alternative codebases considered]

Pure Proof of Stake with auxiliary PoA (Proof-Of-Audit) block hourly
Proof-Of-Audit: 1 “Proof-Of-Audit” block per hour

PoS algo: PoSV3

PoA algo: TBD

Block time: 1 minute
Block reward: 1050 DAPS
Founder Fee per block: 50 DAPS
Effective block reward: 1,000 DAPS

REWARD SPLIT: 900 MN/PoS [with see-saw rebalancing], 100 PoA miners

SEE-SAW MN REWARD:
60/40 MN/PoS reward split, rebalance up to maximum of 40/60 MN/PoS

Confirms required to spend: 4 blocks
Stake maturation: 200 blocks

Masternode collateral: 1,000,000 DAPS

Initial coin supply: Maximum 60,000,000,000

Development allocation: TBD

Founder fee [block fee] usage: Monthly airdrop fund, development fund, other compensation to team

Maximum supply: 10b on top of initial DAPS coin supply.

Years of emissions: ~16 years

Dynamic PoS% [approximate]: 4-12% annually, factor of difficulty and luck

Chain features:
PoSv3 – Fair and energy-efficient, prevents rich from getting richer.

Proof-Of-Audit – An on-chain solution to the trust problem of private crypto networks.

RingCT – Implement the world’s leading privacy protocol, and enable all features since Trust issue will be addressed.

ZK-snarks [Zk-Starks] – Augmenting RingCT, ZK-Starks [ZK-snarks development branch designed for RingCT compatibility] will provide further obfuscation, implementation will not use Trusted setup. Trustless implementation of ZK-Starks requires avoiding Trusted ceremony.

Mandatory stealth addresses – Addresses will be generated as Stealth, with optional public address generation.

Mandatory TOR/OBFS4 node relays – As nodes/wallets will have mandatory TOR/OBFS4 relays into protocol, all end-node data will be protected from the first usage.

Masternodes – use 24/7 online collateralized nodes to augment chain, possibly link to other features except privatesend/coinjoin mechanisms.

Multinodes – More than 1 Masternode per instance

ZEROCOIN ‘zCOIN’ MINTING DISABLED – Exploitable

Cross-chain liquidity – A future focus on atomic swaps and innovative cross-chain liquidity solutions, using off-chain services or on-chain services. Decentralizing the crypto market away from exchanges and building a seamless payment system are parts of this goal. Enabling a non-exchange-based liquidity market will enable crypto users of all stripes to barter without the need of middlemen or escrow services or onerous verification requirements.