Hi,
Why is the supply higher than the 100m the ICO stated? Where do the rest of those coins come from / is there more coins to be created?
Thanks
Great question! The excess coins are all from forging by the Delegate Nodes. Hope this answers your questions!
@Wexfgy12,
To elaborate on RiseGal's accurate response to your question, it's the pre-coded rate of inflation in Rise, the block rewards through '
forging' are the incentive to have multiple delegates securing the network. This has been explained in detail in the
RISE White Paper.
Over the next 5 years RISE has the following rate of inflation:
Year 1: 15 RISE per block, 115,768,000 Total coins with 15.77% annual inflation rate
Year 2: 12 RISE per block, 128,382,400 Total coins with 10.90% annual inflation rate
Year 3: 9 RISE per block, 137,843,200 Total coins with 7.37% annual inflation rate
Year 4: 6 RISE per block, 144,150,400 Total coins with 4.58% annual inflation rate
Year 5: 3 RISE per block, 147,304,000 Total coins with 2.19% annual inflation rate
Year 6+: 0 Rise per block and therefore 0% inflation.
At the end of the the fifth year there is 0 block reward and transaction fees alone will sustain the network.
