CKB is up today (reading recorded at 11:07 Beijing time; historical data could not be independently retrieved), but the claim that its “total supply is capped” is inaccurate. Gate’s CKB terminology page says it has a “fixed total supply, with no unlimited issuance”; Nervos’s official issuance guidelines, however, state that “secondary issuance has no cap.”
The confusion is about what “fixed” refers to. CKB’s base issuance is capped and halves on a set schedule; secondary issuance follows a separate fixed schedule of 1.344 billion tokens per year. The decline in base issuance does not switch off this ongoing issuance stream.
“How much has already been issued” describes the existing supply; “how much can be issued at most” describes the cap. Treating the former as the latter makes CKB sound like it has a different supply model.
A fixed annual issuance means a predictable path for new issuance; a capped total supply means supply eventually stops growing. CKB’s official rules support the former. As for net issuance in the current period after burns, I didn’t retrieve on-chain data this time, and the annual schedule shouldn’t be treated directly as new selling pressure.
$CKB #Tokenomics
The confusion is about what “fixed” refers to. CKB’s base issuance is capped and halves on a set schedule; secondary issuance follows a separate fixed schedule of 1.344 billion tokens per year. The decline in base issuance does not switch off this ongoing issuance stream.
“How much has already been issued” describes the existing supply; “how much can be issued at most” describes the cap. Treating the former as the latter makes CKB sound like it has a different supply model.
A fixed annual issuance means a predictable path for new issuance; a capped total supply means supply eventually stops growing. CKB’s official rules support the former. As for net issuance in the current period after burns, I didn’t retrieve on-chain data this time, and the annual schedule shouldn’t be treated directly as new selling pressure.
$CKB #Tokenomics