All of the following have been updated to reflect the new coin precision (see above)
Total Supply: Unlimited with declining inflation + coin burn (blog post on Total Supply)
Block Reward: 300 declining by .001 coin per block with a 10 SCP floor
Block Timing: 10 minutes
API Port: 4280
RPC Port: 4281
Hosting Port: 4282
Initial Token Grant
10,551,000 SCP premine for expenses/airdrop as follows
51,000 Mining pool maturity cushion: 5 mining pools
200,000 Project/dev expenses
300,000 Nebulous Inc (Sia creator) bounty
1.75m Storage Host Incentive Program
628,000 Exchange listing fees fund
List of positive addresses at Sia block 179,000
3.1m SCP distributed on a 1:5 basis to existing Siacoin holders of record (1SCP for every 5SC).
Over 650,000 wallets received coins with only a handful receiving more than 10,000 SCP as the original supply is extremely centralized in a tiny number of very large and mainly public exchange wallets.
4.5m SCP from exchange addresses stored in a cold wallet.
Coins were not distributed to the top 35 addresses (determined to be exchange addresses), but directed into a cold wallet.
Project Fee – 20% thru month 6, declining to 10% over 2 years
After block 105,000, the 10% project fee is sent to the collateral burn address to reduce inflation/supply for the duration of the project.
Projected total supply
The SiaPrime supply is built to closely mimic the original Sia supply. The Sia protocol includes two key provisions (storage node collateral, renter allowance) that lock up significant amounts of coins, requiring a large supply. At scale, it is expected that as much as 30% or more of the total supply will be locked in contracts leaving the balance for speculators and future storage budgets. A blog we wrote about this.
Estimates of supply totals by year
10,000 ScPrimeFunds (SPF) were created and distributed to holders of SiaFunds at Sia block 179,000 as compensation for the open source software development of the underlying protocol. The following spreadsheet includes the breakdown of ownership and transaction IDs – siaprimefunds.csv
At block 59550, there was a hard fork to allow for the creation of an additional 20,000 SPF (initial emission) for the SCP team. Of these, 15000 will be held by SCP, Corp in perpetuity. The remaining 5,000 will be used to encourage support of the project.
There will be another hard fork in November 2020, to remove the original 10,000 airdropped units due to legal questions and issues brought on by the original project.