Token Emissions
Token emissions for initial MIRO campaign will be come through inflation using a linear increasing distribution model.
We will release MRHB emissions in a linear increasing distribution rather than a linear decreasing distribution. Although setting a linear decaying distribution would generate a higher APR/vROI initially and incentive quicker lock ups and participation in MIRO, we would risk having a lower APR/vROIas more MRHB enters circulation over the next 2 years from events such as vesting unlocks. A linear increasing distribution is a more sustainable model that is parallel to the amount of MRHB entering circulation, ensuring the APR/vROI is viable over the 4 years. We have designated to use MRHB token inflation to support MIRO rewards before transitioning to a fee-redistribution model. We have decided to emit 100M MRHB over the next 4 years and we can use the following linear increasing distribution:
Where (Wav) is the average amount of MRHB to be emitted per week and (y) is the number of years this staking model will be implemented. To breakdown distribution further see formula below:
Where (Mw) would be the scheduled number of tokens to mint on Week (w)
Where (y) would be the number of years.
Where (w) would be the week, (i.e. 1 to 208 for a 4-year distribution)
Where (Dc) would be the increasing coefficient (0 <= Dc <= 1, the higher the number the steeper the increase in emissions)
Emissions
On the Thursday of every week (approx 00:00 UTC) MRHB will be sent to the staking contract in line with the scheduled amount derived by the above formula. As we transition into a fee redistribution model the above formulas and schedule will become redundant and the amount of rewards entering the staking contract will become less predictable.
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