Tokenomics

Hoosat Network's Coin Supply and Distribution

The Hoosat Network has a transparent and predictable monetary policy designed to ensure long-term sustainability. Here's a breakdown of the key points:

  • Total Coin Supply: The maximum supply of Hoosat coins is capped at around 17.1 billion. This finite supply helps control inflation and maintain the value of the coin over time.

  • Fair Distribution: There was a 360-block pre-mining phase, which equaled 100,224,000 HTN, constituting 0.58% of the potential max supply. The 86m of the premine was later burned. The total max supply is 17,185,510,833.03 coins if we assume 1 block per second.

  • Regular Halving: The block reward for mining new coins will be subsidized every year. This process gradually reduces the rate at which new coins are introduced into the network, further contributing to coin scarcity and stability.

  • Long-Term Sustainability: With a total subsidy cycle of over 65 years, the issuance of new coins will reach zero in 115 years, ensuring a predictable and sustainable long-term supply.

  • Blockchain launched: The network was launched for public access on 8th March 2024, at 14:00 UTC.

  • Block Rewards: Assuming a block production rate of 31,536,000 blocks per year, the block rewards will follow a predictable subsidy schedule. You can find more detailed information about the specific block reward schedule on the next page's table.

  • Developer fee: There is now consensus wide developer fee, with 1% minimum and 5% default. That means percentage of the block reward goes to the developers.

  • Tokenomics Illustration
    YearsReward per blockMineable HTN
    11003153600000.00000
    281.649658092574903617.52624
    366.666666662102399999.78976
    454.433105391716602411.57904
    544.444444441401599999.85984
    636.288736931144401607.82448
    729.62962962934399999.69632
    824.19249128762934405.00608
    919.75308641622933333.02576
    1016.12832752508622936.67072
    1113.16872427415288888.57872
    1210.75221834339081957.57024
    138.77914951276859258.94736
    147.16814556226054638.38016
    155.85276634184572839.29824
    164.77876371150703092.35856
    173.90184423123048559.63728
    183.18584247100468728.13392
    192.6012294882032372.88128
    202.1238949866979152.08928
    211.7341529954688248.69264
    221.4159299844652767.84928
    231.1561019936458832.35664
    240.9439533229768511.89952
    250.7707346624305888.23776
    260.6293022119845674.49456
    270.513823116203925.28160
    280.4195348113230449.76816
    290.3425487310802616.74928
    300.279689878820299.74032
    310.228365827201744.49952
    320.186459915880199.72176
    330.152243884801162.99968
    340.124306613920133.25296
    350.101495923200775.33312
    360.082871072613422.06352
    370.067663942133850.01184
    380.055247381742281.37568
    390.045109291422566.56944
    400.036831581161520.70688

    In this table you can see the progression of block reward deflation. Assuming block per second. Subsidy(t) = BaseSubsidy / (1.5 ^ (t / CurveFactor)) is the mathematical representation of that deflation.