# mint
module
# Introduction
The mint
module is responsible for creating token in a flexible way to reward the validator who participate in the proof of stake consensus process (see also the distribution module). It is also designed in a way to bring a balance between market liquidity and staked supply.
# Overview
# Network parameters
Below are all the network parameters for the mint
module:
"blocks_per_year"
- The expected number of blocks being produced per year;"goal_bonded"
- Goal of bonded token in percentage;"inflation_max"
- Maximum annual inflation rate;"inflation_min"
- Minimum annual inflation rate;"inflation_rate_change"
- Maximum annual change in inflation rate;"mint_denom"
- Token type being minted.
The target annual inflation rate is recalculated for each previsions cycle. The inflation is also subject to a rate change (positive or negative) depending on the distance from the desired ratio ("goal_bonded"
). The maximum rate change possible is defined to be "inflation_rate_change"
per year, where the annual inflation is capped as between "inflation_min"
and "inflation_max"
.
# mint
module: Queries
# Queries
# query mint params
- Query the current minting annual provisions value
We can query the current minting annual provisions value, for example:
$ chain-maind query mint annual-provisions
109573801550200370
implies that the current minting annual provisions will be 109573801550200370
basecro ( i.e. 1,095,738,015
cro)
# query mint inflation
- Query the current minting inflation value
We can query the current minting inflation value, for example:
$ chain-maind query mint inflation
0.013687008526984104
implies that the current minting annual provisions will be 0.013687008526984104
( i.e. 1.368%
)
# query mint annual-provisions
- Query the current minting parameters
We can query the current query parameters by
$ chain-maind query mint params --output json | jq
{
"mint_denom": "basetcro",
"inflation_rate_change": "0.013000000000000000",
"inflation_max": "0.020000000000000000",
"inflation_min": "0.007000000000000000",
"goal_bonded": "0.670000000000000000",
"blocks_per_year": "6311520"
}
# Appendix
# gov
module: Network Parameters and configuration
The following tables show overall effects on different configurations of the mint related network parameters:
blocks_per_year | goal_bonded | mint_denom | |
---|---|---|---|
Type | array (coins) | string (dec) | string |
Higher | More expected blocks per year | Higher target bonding ratio | N/A |
Lower | Less expected blocks per year | Lower target bonding ratio | N/A |
Constraints | Value has to be a positive integer | Value has to be less or equal to 1 | N/A |
Sample configuration | 5256000 (5,256,000 blocks) | 0.66 (66%) | basecro |
inflation_max | inflation_min | inflation_rate_change | |
---|---|---|---|
Type | string (dec) | string (dec) | string (dec) (dec) |
Higher | Higher ceiling for the inflation rate | Higher floor for the inflation rate | Higher yearly rate of change to the inflation |
Lower | Lower ceiling for the inflation rate | Lower floor for the inflation rate | Lower yearly rate of change to the inflation |
Constraints | Value has to be less or equal to 1 | Value has to be less or equal to 1 | Value has to be less or equal to 1 |
Sample configuration | 0.02 (2%) | 0.01 (1%) | 0.01 (1%) |