Post
Topic
Board Announcements (Altcoins)
Re: [ANN] [SUMO] SUMOKOIN - 🔏 Digital Cash For High-Confidential Transactions 🔏
by
Alejandur
on 01/12/2017, 12:33:24 UTC
what is mean of max supply 88 m coin guys? i knew total supply 11 M, i am confused?
As I understand, there are going to be released 88M coins over a 20 year period(265,000coins each year after that for inflation), but there is only 11M that's in circulation atm of the 88M coins.
The new coins are "finded" by the miners (It's like the quantity of gold in the world and gold miners). Each time a miner solves a new block a small quantity of Sumocoins are "created" as a reward, increasing the total amount of coins availabe.