A Network For Powering Smart Agents
Context & History
Token Rewards & Economics
Note this isn't a timeline. Rather each phase is a description of part of the life cycle. It may take years for the community to grow and mature through each phase and the block reward expires after about 16 years. This lengthy distribution schedule is intended to give time for the tokens to be rewarded on a very broad basis globally. Also, the smooth daily decline in block rewards over many years gives all participants time to achieve scale and transition from the early subsidized rewards to operating solely by the fees they earn.