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10 lines
878 B
Markdown
10 lines
878 B
Markdown
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# Concepts
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The minting mechanism in this module is designed to allow governance to determine a set of inflationary periods and the APR rate of inflation for each period. This module mints coins each block according to the schedule such that after 1 year the APR inflation worth of coins will have been minted. Governance can alter the APR inflation using a parameter change proposal. Parameter change proposals that change the APR will take effect in the block after they pass.
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Additionally this module has parameters defining an inflationary period for minting rewards to a governance-specified list of infrastructure partners. Governance can alter the inflationary period and infrastructure reward distribution using a parameter change proposal. Parameter changes that change the distribution or inflationary period take effect the block after they pass.
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