Time will be divided into 10 day intervals, called epochs, and each validator will have an equal opportunity to produce blocks. During each epoch, the network will offer 15K Dock tokens to each validator, thus the network (with 10 validators) will offer 150K Dock tokens in total to all validators (provided they are always available), emitting an estimated 2M tokens over this 6-month phase before the network transitions to Proof of Stake (PoS) consensus.

To keep validators invested in the long term, 50% of the block rewards of each validator are locked up until the PoS network is launched and will be released on the corresponding epoch during PoS. For example, on the launch of the PoS network, the first epoch will release locked funds of all validators earned in the first epoch of the PoA network, the second epoch of PoS will release locked funds of the second epoch of the PoA network and so on. Thus, a validator earning 15K tokens in say the 10th epoch of PoA network has 7.5K tokens locked in the network which are released in the 10th epoch of the PoS network.

In order to become a validator and earn rewards, a candidate has to lock tokens in the network. The candidate can also be nominated by others who will then stake their tokens for that candidate and get proportionate rewards if the candidate becomes a validator. As the nominators are rewarded proportionately, they are penalized proportionately as well. Misconduct by the validator can cause the nominators to also lose their stake.

Each year, the network will release 25% of the remaining supply at most and the released tokens will be equally distributed across epochs, each of which lasts 10 days. Circa 150M tokens will be emitted over the course of the next 25 years.