What is the inflation ratio every year ?
Moonbeam does not have a maximum supply. Inflation is fixed to total supply, that is, it grows by 5% per year, but 80% of the spent gas is burned.
The purpose of inflation in Moonbeam is to pay for ongoing security needs of the network. The primary security budget items are to pay for a parachain slot on an ongoing basis, and to incentivize collators to provide collation (block production) services to support the Moonbeam network. Of the 5% inflation, 1% goes towards incentivizing collators and 1.5% goes to the parachain bond reserve to accumulate on chain funds to pay for a parachain slot in perpetuity. The remaining 2.5% is for users that stake their GLMR tokens and help power the collator selection process.
5% of the current 278 million to reach the total supply of 1 million? Is that mean it need how many years to reach that total supply ?
I think it will take more than 5 years to reach 1B
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