Moonbeam targets a 5% annual inflation rate and, as such, has an uncapped token supply
It seems that token supply cap seems 1b in coinmarketcap. Isn't it??
Genesis supply is 1B, then every year it will grow
But indeed we need still several months prior to reach 1b as circulating 😉💪
How much it grow, as you previously said 5% annual inflation target, is that compared to 1B genesis amount or compared to present issued amount (23m maybe)?
We still are early, atm circulating supply is less than 270mil mate, to reach 1B we need months/years still👍
Then, if moonbeam said like annual inflation rate target is 5%, then this figure is compared to 270m ? or 1b?
@turrizt better if you get clear this point again, my understanding is that 5% is every year starting from the current circulation, but better if you confirm👍
Inflation is fixed to total supply, that is, it grows by 5% per year, but 80% of the spent gas is burned. It turns out 50M - burned tokens = the sum that will be added to the circulation for this year
So to be clear, inflation rate 5% is compared with total supply (1b). NOT Compared to the present supply (270m).
Inflation is fixed to total supply, that is, it grows by 5% per year, but 80% of the spent gas is burned.
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