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Main => General Discussion => Topic started by: Joan Carles on May 30, 2017, 05:15:29 pm

Title: TOTAL SUPPLY AND INFLATION RATE OF BTS
Post by: Joan Carles on May 30, 2017, 05:15:29 pm
Hello.
I would know what is the TOTAL supply of BTS. I read in Coinmerketcap.com that circulating supply is 2,602,090,000 BTS. There is not information about the total supply and the INFLATION rate of this currency. For investors, is important to work with this information.
Please, I'll be awaiting for your answers.
Title: Re: TOTAL SUPPLY AND INFLATION RATE OF BTS
Post by: lermontov on May 30, 2017, 05:34:40 pm
Yes, this is a very important question.
Title: Re: TOTAL SUPPLY AND INFLATION RATE OF BTS
Post by: xeroc on May 30, 2017, 05:35:37 pm
total supply is 3.6B BTS
"inflation rate" is 0.000%

there is a reserve fund that can be used for development *AFTER* shareholder approval
Title: Re: TOTAL SUPPLY AND INFLATION RATE OF BTS
Post by: Joan Carles on May 30, 2017, 05:38:41 pm
When i say "inflation rate", i want to mean, how many new BTS added to the circulating supply every year? During how many years?
Thanks
Title: Re: TOTAL SUPPLY AND INFLATION RATE OF BTS
Post by: Brekyrself on May 30, 2017, 06:01:34 pm
To expand upon Xeroc's post about the reserve fund, see: http://cryptofresh.com/reserve
Title: Re: TOTAL SUPPLY AND INFLATION RATE OF BTS
Post by: Geneko on May 30, 2017, 06:41:04 pm
Quote from: Joan Carles on May 30, 2017, 05:38:41 pm
When i say "inflation rate", i want to mean, how many new BTS added to the circulating supply every year?
Thanks

It is like asking what is "inflation rate" for Bitcoin. It is 12.5 per new block. Only there hard cap is 21mil. which mean only that amount would ever be in existence.
Related to that BTS inflation rate is, 1 BTS per new block, according to newest commity consensus. Hard cap is 3.6bilion.
Current supply of BTS is 2.6bilion.

Quote from: Joan Carles on May 30, 2017, 05:38:41 pm
During how many years?
Thanks

Current supply is 2.6 billion and 1 billion in reserve fund. Reserve fund act as buffer pool that collect fees from the network transactions and pays for workers and block producers. How many years depends of how fast reserve fund is draining. In theory as many as needed to reach 3.6bilion.
Rate of spending from reserve pool is variable and depends on block reward, number of witnesses (block producers) and approved workers that serve for future project development. Every one of that is decided by stake holders through voting. Elected commity, worker proposes, stake holders approve or deny.
Long story short with current rate of spending, according to my estimations hard cup could be reached in 50 years.

Here you can find chart that tracks level of spending form reserve pool, pls check
Profit/Expenses from the Bitshares Reserve Pool:
https://steemit.com/bitshares/@steempower/bitshares-state-of-the-network-23rd-may-2017

Here you are, hope this could help ;)