Hello! I have a question regarding the circulating supply of

Question

Phala Network Official - Coprocessor for blockchains #DePIN

Hello! I have a question regarding the circulating supply of

PHA tokens. Based on the amount locked through the Ethereum, Phala, and Khala bridges, the total circulating supply seems to slightly exceed 1 billion tokens. Could you please help me understand how I should interpret this excess amount?

- ETH bridge : https://etherscan.io/address/0xc832588193cd5ed2185dada4a531e0b26ec5b830
- Phala bridge : https://phala.subscan.io/account/436H4jatj6ntHTVm3wh9zs1Mqa8p1ykfcdkNH7txmjmohTu3
- Khala bridge : https://khala.subscan.io/account/436H4jatj6ntHTVm3wh9zs1Mqa8p1ykfcdkNH7txmjmohTu3

#cryptocurrency #english #phala

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18.10.2024

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Scarlet
The circulating supply of PHA tokens can be a bit ...

Currently, the amounts locked in the three chains are 508,461,571 (Phala), 651,917,247 (Khala), and 684,652,966 (Ethereum). If we subtract these amounts from the total issued tokens (approximately 1 billion), the circulating supply on each chain is calculated as 341,538,420, 348,078,645, and 315,347,034 tokens, respectively. The total comes to 1,004,964,099 tokens, so how should I interpret the 4,964,099 excess? The whitepaper mentions inflation, so I’m wondering if the inflationary amount has been applied in Phala or Khala.

0

18.10.2024

Ca₱₱ex

star
Currently, the amounts locked in the three chains ...

Hi, use these two dashboards to monitor real data: https://dune.com/phala_network/phala-analytics https://analytics.phala.network/public-dashboards/033e076713194bed8e86c8d7c84e6cd1?orgId=1 as for the total supply it is fixed and with the staking reward cuts of 25% every 180 days it will take many years before reaching the last token emission

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18.10.2024

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Ca₱₱ex
Hi, use these two dashboards to monitor real data:...

I checked through Dune. It turns out there was a reward lockup amount! Thank you for the clear response and for providing the resources. Have a great day! 🙂

0

18.10.2024

Scarlet · Accepted Answer

The circulating supply of PHA tokens can be a bit intricate to track due to the tokens being bridged between different networks like Ethereum, Phala, and Khala. When calculating the circulating supply, you have to factor in the tokens locked in these bridges. The bridges effectively freeze tokens on one network and mint equivalent tokens on the other network, so these locked tokens shouldn't be counted as part of the circulating supply on both networks.

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