UPDATE: Skorch Token Changes
We are preparing for the future of Skorch Token. In doing so, we must make some changes (final) which will ensure Skorch has value and is meaningful.
As of now, Skorch has an infinite supply which is not good for the project, community, exchange listings, etc. We are mitigating this with the following:
210 Million max supply
21 M will be available for mining (PoW)
21k required to receive staking rewards
189 M will be reserved for PoS rewards which will be distributed to those who meet the staking requirement at 30% per year
PoS Requirement + PoS Rewards will decrease over time each year until they both hit 0.
Current hodlers will get their tokens from the new (final) contract once its deployed.
PLEASE NOTE: Mining can continue but at your own risk. Due to the amount of Skorch out and the amount of holders, the snapshot will be around or close to 5890000. We will do our best to take a snapshot which will be inclusive of all your tokens but it is not guaranteed. With that said, remove all tokens off exchanges and if you continue to mine now, mine at your own risk.