{"id":44276,"date":"2023-01-29T00:00:00","date_gmt":"2023-01-29T00:00:00","guid":{"rendered":"https:\/\/kaspa.org\/tokenomics-emission-and-mining-6653cc473a7a\/"},"modified":"2023-02-19T14:47:32","modified_gmt":"2023-02-19T14:47:32","slug":"tokenomics-emission-and-mining","status":"publish","type":"post","link":"https:\/\/kaspa.org\/tokenomics-emission-and-mining\/","title":{"rendered":"Tokenomics, Emission, and\u00a0Mining"},"content":{"rendered":"

Kaspa is fair-launched: No ICO\u200a\u2014\u200aNo vesting phase\u200a\u2014\u200aNo premine.<\/em><\/p>\n

Max supply: ~28.7 billion KAS<\/em><\/p>\n

Current circulating: ~16.28B KAS<\/em><\/p>\n

Layer-1 Proof-of-work Coin<\/em><\/p>\n

Currently, the TX fee is calculated as 0.0001 KAS per <\/em>UTXO<\/em><\/a>.<\/em><\/p>\n

Kaspa Emission Schedule\u00a0Graph<\/figcaption><\/figure>\n

The <\/strong>Kaspa Monetary Policy<\/strong><\/a> has two phases:<\/strong><\/p>\n

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  1. Pre-deflationary Phase:<\/strong> This began at the mainnet start, November 7th, 2021, and ended on May 8th, 2022. The reward rate was firstly random, in a range of 1 to 1000 KAS per block, for the first 2+ weeks, and then was replaced with a constant reward rate at the 1st hard fork: 500 KAS per second. Since the block rate was also 1 per second, the reward was 500 KAS per block. This stage lasted for six months.<\/li>\n
  2. Chromatic Phase: <\/strong>After the Pre-deflationary Phase, the Chromatic Phase block rewards geometrically decrease over time, based uniquely on a musical 12-note scale. The initial block reward was 440 KAS. The block reward halves once per year, but smoothly: every month, the block reward is reduced by a factor of (1\/2)^(1\/12). The ratio of block rewards in consecutive months is the same as that of frequencies of two consecutive semitones in a tempered chromatic scale. The initial block reward is the frequency of the note A4, and every averaged year is called an octave. Here, a year (or an octave) is 365.25 days, and a month (or semitone) is precisely one 12th of a year.<\/li>\n<\/ol>\n
    Kaspa Emission Schedule\u00a0Graph<\/figcaption><\/figure>\n

    Note:<\/strong> The policy dictates how many coins are minted per second<\/strong> regardless of the block rate. Therefore, should the block rate change in the future, the reward will be adjusted accordingly to maintain the same emission rate.<\/p>\n