Monetary Protocols

Proposed Spearmint (SPMTC) Economic Policy

STATUS: PROPOSED. These parameters are currently being finalized in the test environment. Final figures will be fixed at the Genesis Block, after which the Monetary Policy becomes immutable.

Core Monetary Parameters

Core Protocol
  • **Base Fork:** Bitcoin Core (Tested Stability)
  • **Algorithm:** SHA-256 (ASIC Friendly)
  • **Total Supply:** Fixed Cap (~210 Million SPMTC)
Block Frequency
  • **Block Target:** 30 Seconds (1,051,200 blocks/year)
  • **Initial Reward:** 50 SPMTC/Block
Acquisition & Cycle Start
  • **Pre-Launch Target:** 8% (16.8M SPMTC)
  • **Initial Cycle:** 6 Months (525,600 Blocks)
  • **Annual Cycle:** 12 Months (1,051,200 Blocks)

Variable Reward Decay Schedule (50% Halving)

The schedule is set for **6 months** for the first 5 years (Accelerated Phase) to quickly achieve scarcity, then transitions to an **annual** cycle for long-term predictability.

Cycle Years from Launch Block Reward (SPMTC) Cycle Duration
**Pre-Launch** 0 - 0.32 (117 Days) 50.00 *Transparent Acquisition*
**Accelerated 1** 0.32 - 0.5 50.00 6 Months (Continues)
**Accelerated 2** 0.5 - 1.0 25.00 6 Months (Halving)
**Accelerated 3** 1.0 - 1.5 12.50 6 Months
**Accelerated 4** 1.5 - 2.0 6.25 6 Months
**Accelerated 5** 2.0 - 2.5 3.125 6 Months
**...to Cycle 10** Up to 5.0 0.09765625 6 Months
**Longevity Phase** 5.0+ 0.048828125 and decreasing **12 Months** (Annual Halving)

Understanding the Economics (Layman Examples)

This model is designed to be simple and verifiable. Here is what the fixed parameters mean in practice:

Why 30 Seconds?

The **30-second target** means the Spearmint network processes 10 times more blocks per day (1,440) than Bitcoin (144). This ensures fast transaction confirmations and keeps the mining process highly active and engaging for solo and pool miners.

The Scarcity Hedge

The reward drops from **50 SPMTC to 0.39 SPMTC** in the first five years. This extreme decay quickly establishes scarcity, providing a strong economic hedge and stability that protects the coin's value as its distribution becomes truly decentralized.

Auditing the Acquisition

The **8% initial acquisition** required **336,000 blocks** of work. You can verify this by checking the final block height and total SPMTC mined against our public commitment, proving the team did not arbitrarily mint coins.

Longevity Assurance

By switching to a **12-month halving cycle** after year five, the total supply is distributed over several decades. The final fraction of the reward will be mined for many generations, ensuring the network remains active and alive.

Transparent Acquisition Model

In accordance with our commitment to auditability, the process for securing the initial coin supply is publicly disclosed:

Acquisition Details

The core team will acquire **8% of the total supply** (16.8 Million SPMTC) via solo mining before the public launch.

  • **Reward Rate Used:** 50 SPMTC/Block
  • **Duration Required:** Approximately 117 days
Transparency Commitment

The **exact block range** and **quantity acquired** will be published in the Proof Log at launch, providing the community full auditable proof of the initial distribution.