Hi,
I'm just curious, what's the coin supply? Coinmarketcap says like a million, the block explorer (
http://explorer.dcredits.com/) says
Money Supply
200385184.22698229
but it seems like from the first post here it should be like 2 million per year with 1% PoS, so there's no way it should be 200 million supply currently, right?
What's the correct value?
399,000 have been mined, and 500 times that many were premined (200 Million).
The premine address moved all 200 Million coins to another address, which is now called the "burn fund", named after the BARR burn fund but without actually being a burn fund.
There was supposed to be a limit of 2.6 Million DGCS per year distributed from the "burn fund", which means the 200 Million premine would last 76 years. But over twice that many coins were sent from the "burn fund" before any coins were ever burned.
1 Million DGCS were given to the Yobit exchange and then distributed off-blockchain, supposedly all through a faucet, but with no proof of who received the coins.
5 Million DGCS were given to the BTCPool exchange for the first month's burn, to be distributed off-blockchain in exchange for depositing Spacecoins, without requiring any coins to be burned. BTCPool Exchange ended up sending back 4 Million to the "burn fund", leaving 198 Million in the dev's wallet.
The original coin specs stated 1 Billion coins premined, with 500 coins per PoW block, with 60-second block times, and a block halving every 45 months.
Then the specs were changed to a premine of 200 Million with block rewards of 50 coins, halving every 6 million blocks.
Then the specs were changed to 250 Million premine, with block rewards halving every 14 years.
Then it was changed to 5 Million premine, with block halvings every 19 years.
Then the block time was going to be 2 minutes, and 500 coins per block, halving every 4 years, and 1
Billion premine.
There were some other changes, but for now the premine is 200 Million and the current code has no block reward reduction, ever. But it's still a new coin, so anything is possible with future updates.
