| A | B | C | D | E | F | G | H | I | J | |
|---|---|---|---|---|---|---|---|---|---|---|
1 | ||||||||||
2 | Issuance Calculation | |||||||||
3 | Total Tokens | 12,600,000,000 | ||||||||
4 | Staking % | 70% | ||||||||
5 | Target yield % | 5% | ||||||||
6 | Annual Reward % | 3.5% | ||||||||
7 | Annual ONE Reward | 441,000,000 | ||||||||
8 | ||||||||||
9 | Block Reward Calculation | |||||||||
10 | Block time | 8 | ||||||||
11 | Number of shards | 4 | ||||||||
12 | Blocks Per Day | 10800 | ||||||||
13 | Daily Issuance | 1,207,392 | ||||||||
14 | Reward Per Block | 28 | ||||||||
15 | ||||||||||
16 | Explanation: | |||||||||
17 | • This model sets a constant annual reward rate of 441M ONE for Harmony's network. The total issuance across the network will remain the same regardless of underlying variables such as average block time and staking ratio. | |||||||||
18 | • Reward is defined as the sum of block rewards plus transaction fees. Meaning that transaction fees will offset new token issuance as the network gains adoption. | |||||||||
19 | • The goal of this change from the original model is to achieve a higher staking ratio, to simplify the model and to create a path to 0 issuance, all of which we believe will bring long term benefits for Harmony. | |||||||||
20 | • To understand the philosophy and reasoning behind this economic model, please refer to the corresponding blog post. | |||||||||
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22 | ||||||||||