Hello Incognito users,
Block rewards are split between the validators and Incognito DAO, a decentralized autonomous organization designed to fund protocol development and network growth. Incognito DAO collects a gradually reducing percentage of the block rewards, from 10% to 3%.
With this income, Incognito DAO will fuel the growth of the network, fund interesting projects, and give the project longevity. Specifically, we are using the DAO to stimulate usage on two main Incognito pillars: mining rewards for privacy apps and privacy markets.
In the latest app release (v5.1.2), we are getting 1% of DAO to incentivize users who trade coins using pPancake. In other words, ~15 PRV per day is distributed proportionally to pPancake’s users based on trading volume and the rewards will be paid every epoch (~4h).
A user can see the rewards history in pPancakeSwap page’s Reward history tab.
Please note, the rewards from DAO for each privacy app are subject to change when more privacy apps come. An announcement will be made when this occurs.
PS: The app performance is significantly improved in the v5.1.2 version too, we hope users would have a better experience with the new app. Happy trading!