Parameter Updates on Mainnet

Scheduled for September 22, 2021 at 6:00 AM. Completed.

Affects

Mainnet
  • Planned
    September 22, 2021 at 6:00 AM

    A parameter update to change the exchange rate of GTU to EUR from the current 0.5 GTU/EUR to 2.78 GTU/EUR will take effect on mainnet on September 22, 2021. This corresponds to a GTU price of 0.36 €.

    To keep the minimum amount required for baking unchanged in EUR, the GTU baker threshold will be adjusted accordingly to 14000 GTU.

    The update implies that the transaction fees in GTU will be increased. More stake in GTU will be required to become a baker. Existing bakers will not be influenced by the new threshold.

    See also our Medium post.

  • Completed
    September 22, 2021 at 6:01 AM

    The parameter update is now effective.