For the Mosaic Network to function properly, the number of tokens in circulation
must be equal to the number necessary to support a thriving research ecosystem.
As we expect the number of parAcipants on the network to grow over Ame, the
token supply should also increase to match this growth. Therefore, in order to
support our community, Mosaic will implement an inflaAonary model for the MZX
tokens. IniAally, the annual inflaAon rate is 5%, and will decrease linearly every year
to 1% over 20 years, and aIerwards remain at 1% in perpetuity. The smart contract
will create the new tokens at the end of every month. For every new batch of
tokens, 75% will be used to reward contributors to the plaCorm, while 25% will be
used to fund expenses to maintain and expand the network.
i read it in the white paper is it mean that MZX is mineable same as Bitcoin?
must be equal to the number necessary to support a thriving research ecosystem.
As we expect the number of parAcipants on the network to grow over Ame, the
token supply should also increase to match this growth. Therefore, in order to
support our community, Mosaic will implement an inflaAonary model for the MZX
tokens. IniAally, the annual inflaAon rate is 5%, and will decrease linearly every year
to 1% over 20 years, and aIerwards remain at 1% in perpetuity. The smart contract
will create the new tokens at the end of every month. For every new batch of
tokens, 75% will be used to reward contributors to the plaCorm, while 25% will be
used to fund expenses to maintain and expand the network.
i read it in the white paper is it mean that MZX is mineable same as Bitcoin?
They mentioned staking on their white paper, not mining. So maybe MZX token supply will grow through staking not mining.
I see, that's why people here are asking about staking mechanism.
It's not really well-explained on the whitepaper, but I think this is the best place to ask it.
Thank you for the answer!
