Idena hard fork announcement: Early invitations
Dear Idena community,
We plan to release a new version of the Idena node on May 7, 2021. It will be a seamless hard fork update.
There are the following changes planned.
The reward for the invitation is calculated based on how early in the epoch the invitation was activated. The later the invitation is activated, the lower the reward.
The payout for terminating the identity you invited is set to 1/6 of the invitee’s stake.
This change is done to stimulate the inviters to supervise their invitees for the next two epochs after their first validation. The inviter can check on their invitee through the epoch and make sure they created the flips and prepared for the next validation. If the inviter has doubts that the invitee will pass the validation, the inviter can terminate the invitee’s identity and secure the payout. The inviter should be more interested in facilitating the validation for their invitees than in securing termination payouts because the invitation reward is set higher.