Quote from: YoggYogg on January 25, 2018, 07:56:10 PM

Quote

Just to clarify our original POW specs set the maximum GEO supply at 6,833,000 after all 5,000,000 blocks were mined (calculations below). This is being reduced to 4,000,000 total supply, so even further reduction.

Block #'s and Block Reward
1 x 34,000: 34,000
2-100 x 0: 0
101-40,000 x 10: 399,000
40,001-80,000 x 9: 360,000
80,001-120,000 x 8: 320,000
120,001-160,000 x 7: 280,000
160,001-200,000 x 6: 240,000
200,001-240,000 x 5: 200,000
240,001-280,000 x 4: 160,000
280,001-320,000 x 3: 120,000
320,001-360,000 x 2: 80,000
360,001-5,000,000 x 1: 4,640,000

Total: 6,833,000

For circulating supply -
Considering we are at block #1566826 currently there should be roughly 3,399,825 coins in circulation. On Bittrex there are 2,324,981 coins while Cryptopia has 71,501 coins, therefore after swap we should only have 2,396,482 tokens circulating. Tho that number can and likely will increase as people perform manual swap with the developers throughout the time.

Decreased inflation will make us suffer less through the mining process and decrease end circulating supply. Miners have automated systems to send coins to exchange and dump them at market price so with that part out of the way Geo should be able to catch a bit of breath.

Awesome!! That means we can expect 30% increase price jump any time!