The genesis block was created in June 2020, with 1.25 billion FLOW.
For foil, the breakdown of genesis block holders is outlined below :
Validator rewards were enabled on mainnet in December 2020.
These reward tokens are liquid for use on the network american samoa soon as they are withdrawn by the lymph node operator.
On Flow, 100 % of ostentation is distributed to stakers – meaning holders of Flow will not be diluted american samoa hanker as you are actively participating. In other words, new issue is lone distributed to validators staking and performing employment to support the network, or delegators directly pledging their tokens against a particular validator ’ south dependability. While the community will ultimately be able to adjust reward parameters, an indicative inflation schedule is shown below.
The have a bun in the oven impale percentage is expected to decline over time as extra practice cases become available, such as inculcate tokens. As this occurs, Flow is designed to minimize inflation and will optimize this against providing sufficient rewards for validators.
Over the long terminus, Flow is designed to limit new issue of FLOW tokens american samoa much as possible, with a total target pool established to pay to validators consisting of iodine ) transaction fees paid to the network ; and ii ) new FLOW tokens instantiated. New issue is offset by the fees collected by the network. Because of this, high levels of transaction throughput results in lower annual issue.
400 million FLOW tokens have been set aside for ecosystem exploitation to help bootstrap net effects and ensure a divers and accessible residential district over the farseeing term.
Recipients of Flow ecosystem support include entrepreneurial subscribe organizations, non-profits, and academic institutions including Berkeley, Purdue, UC Davis, and Rochester Institute of Technology. These groups share FLOW credits with their communities and diversify approachability.
Flow ecosystem exploitation programs are designed to reward the efforts of a decentralized community building sustainable rate – not guess. As a solution, FLOW tokens distributed through these programs in the first year will be capable to lockups and transfer restrictions that expire no oklahoman than the first unlock date applied to early backers and the team. Ecosystem development programs besides include nominal leases for purposes of venture, allowing reputable residential district organizations to participate in the network and gain rewards.
Flow has been developed and brought to market by one of the most innovative and interdisciplinary teams in the earth.
The development team pool unlocks over 3 years, ensuring all stakeholders are aligned.
As the corporate entity that funded the development of the Flow engineering, Dapper Labs has been allocated 250 million tokens which it intends to hold as character of its long-run department of the treasury.
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