Project Specification

Algorithm: Proof of Work (ASIC only) – Blake(2b)
Total Supply: Unlimited with declining inflation + coin burn (Guide on Total Supply)
Block Reward: 300 declining by .001 coin per block with a 10 SCP floor
Block Timing: 10 minutes

Genesis Block 

Premine 
3,100,000 – distributed on a 1:5 basis to existing holders from the original blockchain (~650,000 addresses)
51,000  – Mining pool maturity cushion: 5 mining pools
200,000  – Project/dev expenses
300,000 – Nebulous Inc Original blockchain development
We were informed the original developers lost their keys to this wallet
1,750,000 – Storage Host Incentives (still in cold wallet as of 4/1/2021)
628,000 – Exchange listing fees (spent as of 12/31/2020)
4,523,377 – Network Development fund

Project Fee

20% thru month 6, declining to 10% over 2 years
After block 105,000, the 10% project fee was sent to an unspendable address (burn) to reduce inflation/supply for the duration of the project

Supply Precision
The base unit of the ScPrime coin supply is 24 decimal places or 10^24. A precision change was done early on – Supply Change Guide

ScPrimeFunds
10,000 ScPrimeFunds (SPF) were initially created and distributed to holders of record at the open source software block 179,000.

At block 59550, a hard fork created an additional 20,000 SPF

At block 109,000, a hard fork changed total emission to 200,000,000 and set the tax rate across the entire population at 10%.
A number of units have been given away to various entities including the angel investors in SCP, Corp. There can be no further negligible change to the supply without significant consensus from a number of parties. 200m is considered the final emission.

Storage Network Fund

Development
Network Incentive 1
Network Incentive 2
350,000
1,750,000
4,525,377
Total Cold Wallet Coins 6,625,377