ALEO’s mining output and mainnet launch time
ALEO has been very popular recently and attracted a lot of people's attention. Of course, I am one of them. Today we will briefly talk about its mining output and mainnet launch time.
ALEO is a private, programmable, permissionless blockchain network that uses zero-knowledge proof. It adopts a dual-account system, including both the Ethereum account system and the Bitcoin UTXO system. It is expected to realize a non-financial ecosystem. application.
ALEO has currently raised US$290 million, with investment institutions including SoftBank, Samsung, a16z, coinbase and other top institutions.
ALEO's mining uses dual mining, namely POW and POS. The mining output in the first year is 290 million, POW mines 145 million, and POS mines 145 million. However, POS still has a reward output of 75 million pieces every year, and this There is no reward for POW mining, so the output of POS in the first year is 145 million plus 75 million equal to 220 million coins.
In addition, the coins produced by mining decrease every year. In the first year, it was 290 million, and then it decreased by 29 million every year. After 10 years, there will be no more coins. However, the additional 75 million coins of POS have always been there.
By the way, ALEO's token adopts an inflation model, with an initial price of 1.5 billion. The coins produced by mining are all issued in addition, and will double in about 5 years.
ALEO has 10 POS nodes. One POS node needs to stake 10 million coins, and 10 nodes need to stake 100 million coins. The standard for ordinary retail investors to stake is 10,000 coins.
Finally, let’s talk about the issue of ALEO’s mainnet launch. At present, ALEO officials have not made it clear when the mainnet will be launched. However, one thing is clear that the mainnet will not be launched until May at the earliest, because ALEO’s code is locked in In May, the code can be launched at any time after the code is locked, but testing should still be carried out after the code is locked, so the mainnet will not be launched until after May.
ALEO is very popular, and there are many scammers. Pay attention to safety. People who sell mining machines, people who sell computing power, people who sell coins, and many phishing websites need to be carefully identified to avoid being deceived.
ALEO currently has no spot. Institutions and projects are all 1+2. The mainnet is locked for 1 year. After 1 year, 24 coins will be released every month for 2 years.