ABEL Tokenomics
ABEL Tokenomics
The Mainnet of Abelian Blockchain was launched in March 2022. ABEL is the symbol of the native token of the Abelian Mainnet, and is mined during the creation of each block.
Supply
Total supply: 225.18 million ABELs or 251-1 Neutrinos where 1 ABEL = 10,000,000 Neutrinos.
Pre-mined: 20.58 million ABELs in the Genesis Block, that count towards 9.14% of the total supply. These tokens are for fundraising, community build-up, and marketing.
The rest 204.6 million ABELs (90.86% of total supply) will all be mined by the community.
- The block frequency is set to 256 seconds.
- There are a total of 10 epochs. The first epoch is defined by 400,000 blocks, while the remaining 9 epochs are defined by 800,000 blocks each. Hence the total expected time to mine is 61.66 years.
- In the first era, each block reward is 256 ABELs. That means there will be 102.4 million ABELs created in the first era.
- The block reward for the first era is 256 ABEL, and the starting block reward for the second era is 64 ABEL. Subsequent eras will halve the reward until it reaches 0.25 ABEL (e.g., the reward for the third era is 32 ABEL).
- Every 4,000 blocks constitutes an epoch, and after each epoch, the PoW difficulty is adjusted based on the actual network hashing power from the previous epoch. Starting from block 284,000, the difficulty adjustment period will be 200 blocks, while the epoch remains at 4,000 blocks.
