DAC are the tokens allotted for Hdac token holder, while Hdac is a platform that has been based on a blockchain set - up. This also is stated to be one of the first of its kind when the question is about excellent communication among the IoT (internet of thing) devices. In addition, this M 2 M or the machine - to - machine transaction makes this platform to perform in a much better way in this particular field.
So, my question here is that when total issuance amount is said to be about 12 billion dac from which 7 percent is for capital reserve and the next 7 percent is for TGE participants; then how will the rest of the DAC tokens (which equals to 86 %) be distributed?
Hey sudhakark.
(7%)840 million coins upon release; (7%)840 million for infrastructure, eco-system and liquidity.
The rest of the tokens will be mined during the next 170 years. The total token amount of the Hdac blockchain is 12 billion DAC. The first block reward begins with 5,000DAC before token halving. The block generation cycle is 3 minutes, and halving is set to reduce the reward by half for every 840,000 blocks. That is, the block reward is reduced by half approximately every 58 months since the Genesis block was created. The tokens generated by the first block reward are 2,640,000,000 DAC, and 12% of the tokens will be used for creating infrastructure, and an ecosystem to implement Hdac technology, boost its transaction, and also for liquidity management.It maintains the associated value of the DAC by reducing its supply. It also creates a strong incentive to setup and run HDAC nodes.
Which means that the rest of the tokens that will be mined distributed among the system and the miners.
19 days to go before the end of the TGE
