Protocol mechanics
Emissions and supply
Projected supply, year-over-year inflation and the emission schedule.
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Protocol mechanics
Projected supply, year-over-year inflation and the emission schedule.
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Protocol mechanics
Projected supply, year-over-year inflation and the emission schedule.
Each fund sets its initial emission rate, halving period and tail emission at launch. These settings are permanent. The app opens on Default (64 Coin per second, halving every 69 days to a lasting 1) and offers real proof-of-work coins' schedules, by default scaled to mine about 1 billion Coin before their tails: Bitcoin (3.97 Coin per second, halving every 1,458 days), Dogecoin (a constant 3.17), Monero (11.64, halving every 505 days to a lasting 0.199) and Kaspa (15.86, halving yearly). Original copies them token for token instead: Bitcoin 0.0833 (about 21 million in all), Ethereum 0.35 (halving every 1,460 days, following Ethereum Classic's cuts), Dogecoin 166.67, Monero 0.293 to 0.005 and Kaspa 500. Coins without a tail end on the lowest, 0.001 Coin per second. Teams may instead select an initial rate of 0.01–1,024 Coin/sec, a period of 7–1,460 days, and a tail of 0.001–1,024 Coin/sec, at or below the initial rate.
The charts below illustrate a faster example schedule: 64 Coin per second, halving every 69 days, reaching a prospective rate of 1 Coin per second on day 414, with a new miner at every halving. With that assumption, annual issuance after the final halving is 31.536 million Coin. An incumbent miner keeps its entry rate until replacement, so actual issuance can remain higher indefinitely.
Explore supply at the end of a year or enter a specific day. The curve includes an illustrative 1,000 Coin genesis supply and accrued mining emissions, before any burns.
Schedule-based projection: continuous mining from deployment, rate changes at each halving, an illustrative 1,000 Coin genesis seed, and no burns. One year = 365 days.
Annual inflation measures the new Coin issued during a year as a percentage of the supply at the beginning of that year. It describes token supply growth, not a change in market price or dollar value.
| Year | New Coin | Year-end supply | Inflation |
|---|---|---|---|
| 1 | 742.69M | 742.7M | 74,269,440% |
| 2 | 35.77M | 778.47M | 4.82% |
| 3 | 31.54M | 810M | 4.05% |
| 4 | 31.54M | 841.54M | 3.89% |
| 5 | 31.54M | 873.07M | 3.75% |
| 6 | 31.54M | 904.61M | 3.61% |
| 7 | 31.54M | 936.15M | 3.49% |
| 8 | 31.54M | 967.68M | 3.37% |
| 9 | 31.54M | 999.22M | 3.26% |
| 10 | 31.54M | 1,030.75M | 3.16% |
Inflation = Coin issued during the year ÷ supply at the start of that year. This example starts Year 1 with 1,000 Coin, so its percentage is unusually large; it is included in the table but excluded from the chart scale. Values are rounded.
Year 2 still includes the final halving on day 414. From year 3 onward, each full year adds the same 31.536 million Coin. Because that amount is divided by a larger opening supply each year, the annual percentage keeps falling. There is no fixed supply cap: the tail emission continues indefinitely.
The rate falls in steps rather than gradually. Each fund's clock starts when its Mine is deployed.
| Days since deployment | Scheduled emission rate |
|---|---|
| 0–68 | 64 Coin/s |
| 69–137 | 32 Coin/s |
| 138–206 | 16 Coin/s |
| 207–275 | 8 Coin/s |
| 276–344 | 4 Coin/s |
| 345–413 | 2 Coin/s |
| 414 onward | 1 Coin/s |
These projections use the example schedule above, an illustrative 1,000 Coin genesis supply, continuous mining from deployment and 365-day years. They assume a new tenure at each scheduled halving. Actual rates update on takeover, so a miner spanning halvings keeps issuing at its earlier rate until replacement; periods without a miner reduce issuance. A fund's actual genesis supply is the Coin seed deposited as liquidity plus any team allocation, both chosen at launch.
The supply figures include pending mining emissions as well as minted Coin. Burns through withdrawal or treasury operations reduce actual outstanding supply and are not modeled here. For a live fund, effectiveTotalSupply() includes its current minted supply plus pending emissions.
Team fees and signal rewards divide payments; they do not change this emission schedule. See mining, rewards, and the constants reference for those details.