Emissions and Distribution
This is where Bitcoin's monetary policy comes in. We implement an emission rate of 30 MBIRD per block that halves every 210,000 blocks. Meaning that every 7.3 days, the MBIRD per block is reduced in half (halving).
We have decided to stop the reductions at the 8th halving. If we continue to halve indefinitely the rewards will extend to infinity and at some point in time, they will be negligible, leaving no incentives for users to provide liquidity in the MoonBird platform.
After the 8th halving, it would take around 7 years to distribute the remaining 40% of MBIRD.
MBIRD token distribution will be:
- The remaining 90% will be distributed following the halving schedule in the form of staking rewards