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
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 – the only part of the premine taken by the team, it was used for server expenses
300,000 – Nebulous Inc Original blockchain development
This and SPF drop showed us as a supportive/friendly fork. Nebulous provided an address they knew they no longer had keys to. DYOR.
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
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
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.