I like the project but can someone explain the supply figures to me. Doesn't make sense. why has the supply already reach max cap?
Circulating Supply
57,412,659 XLQ
Total Supply
57,512,660 XLQ
Max Supply
57,879,300 XLQ
The reward schedule had been slightly changed quite a while ago so these numbers are not 100% correct. As of writing we are at 61.7M coins in circulation.
The difference between Circulating and Total supply of 100k coins is still valid as the first 100k coins were premined and put into masternodes to secure the network at the start and later during the "fork" (where the block rewards had been adjusted as mentioned).
We will soon enter a steep reward drop resulting in a total supply of 63816839 coins while entering the "final block reward" stage (end of january 2019). This means a max supply is technically not correct as there will be an infinite reward of 5XLQ per block resulting in a YoY inflation of roundabout 4% declining over the years as the supply is fixed while the total amount of coins increasing.
At the moment there is a community vote scheduled to decide on the usage of the 100k coins premine. Once this is decided we will reach out to CMC to change the numbers accordingly.
Right now the MNrank is showing correct market cap and coin supply for ALQO.
