Witnet Token Distribution

Source: https://witnet.io/about

Regarding WIT's distribution:

  • No more than 2,500,000,000 WITs will ever exist.

  • 70% will be mined by witness nodes through block rewards, which decrease over time.

  • 30% will be minted in the early stage block (first block in the chain). These will be assigned to early contributors (participants in the pre-sale conducted in 2017; the Witnet Foundation; and those who helped to build Stampery).

The mined tokens (1,750,000,000 WITs) will be released in the following way, subject to change:

  • The number of WITs generated per block starts at 1000.

  • Every 875,000 blocks (~2.5 years), there is a 50% reduction in the number of WITs generated per block.

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