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#Tokenomics

Mina is earth's lightest and smallest blockchain and relies on compressed proofs SNARKs, which enable the blockchain to maintain a compact size of just 22KB.

  • $MINA is a currency with no supply cap (inflationary)

  • All token holders can stake or delegate to receive a certain fraction of the inflation. The annual inflation goal is 12% for the first year since launch (March 2021 - March 2022). The Inflation rate will decrease over time, eventually reaching 7% as a steady annual inflation rate.

-During the first 15 months of mainnet, unlocked accounts will receive double the block rewards that locked accounts receive

  • There will be up to a total of 1 billion MINA tokens (excluding future block rewards) distributed at launch, which will fully unlock over 8 years.

MINA's current total supply sits at ~1 billion$ with a circulating supply of ~840 million$.

I give this tokenomics not a full four stars. Yes, The Mina protocol has a well-designed tokenomic system, but I have concerns about the token distribution. Looking at the provided picture#2, it appears that around ~60% of the tokens are held by the project, including the investors, team&advisors and foundation. If we add to the early sponsors (consisting of FTX + 3 AC) the point that manipulation prevails in the cryptocurrency market. One can only guess who actually has the predominant number of tokens. And it's scary Show Less

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