Emissions Curve
The mining reward (how many coins a miner is allocated for successfully mining a block) is tied to the Elosys emissions curve. The emissions curve starts out with 42M coins in the genesis. After the first year, the total for new coins created due to mining rewards is 1/4th of the genesis, or 10.5M coins. Every subsequent year fewer and fewer coins will be created, until a terminal supply of 256,970,400 coins is reached (roughly at year 115 post genesis).
The formula to determine how many new coins will be minted for a particular year after launch is:
Where s is the initial supply of the genesis block of 42 million coins, k is the decay factor of -.05, and x is the year after mainnet launch (starting from 0).
The Elosys "year" in block count is 525,600 blocks to one calendar year (assuming 60-second block times). We use the above formula to calculate the block reward using the Elosys "year", rounded to the nearest .125 of a coin:
Therefore, the block reward and total supply for the first few years after launch would be:
Years after launch | Block reward (60s block times) | Total supply |
0 | 0 | 42,000,000.00 |
0-1 | 20 | 52,512,000.00 |
1-2 | 19 | 62,498,400.00 |
2-3 | 18.125 | 72,024,900.00 |
The emissions curve using the block reward formula mentioned above, with a cap of 256,970,400 coins for total supply, would look like this:
The inflation graph below shows how the circulating supply is redistributed.
Unlike most Proof-of-Stake Layer-1s, Elosys has aggressive inflation in the first couple of years — this shifts the majority of token supply to miners and other community members more quickly.
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