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02 December 2020

Helium Wireless Network Approves New Hard Cap for HNT Token Emissions - CoinDesk

Helium Wireless Network Approves New Hard Cap for HNT Token Emissions - CoinDesk


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Under a newly passed improvement proposal, Helium miners will stop adding to the circulating supply of HNT tokens at 223 million, a figure they will reach sometime in 2070 once bi-annual “halvenings,” also new to the network, have reduced new HNT monthly issuance to a negligible amount.

Miners will continue to mint HNT tokens even after they hit 223 million by replacing burned tokens.

Project contributors say this will continue to incentivize mining even after inflation subsides.

Project contributor James Fayal told CoinDesk the network previously issued 5 million tokens monthly using an equilibrium model meant to keep inflation in check. .

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