Is there a limit to the amount of maxcoins created?

Maxcoin frequently asked questions.
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Meconomy153
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Is there a limit to the amount of maxcoins created?

Post by Meconomy153 » Fri Jan 02, 2015 8:40 pm

The amount of maxcoins which will be created is limited to a certain amount. Advantage of this limitation is that a Maxcoin will not lose its value.

In contrary to fiat paper money there is no institution or government which can decide to print some more. There is no risk of inflation in the long term. The maximum amount of maxcoins which will ever be in circulation are 100,000,000 coins. They are generated with each block.

Blocks are mined every 60 seconds. Each block includes 16 new maxcoins. The more miners there are, the less maxoins you can mine. The amount of new maxcoins for every block will be halved every year. Untill there are 100,000,000 in circulation.

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