Description
Author(s): @jmfayal (jmf), @tjain-mcc (tushar), @rawrmaan
Initial PR: #72
Start Date: 2020-11-04
Category: Economic
Rendered view:
https://github.com/helium/HIP/blob/master/0020-hnt-max-supply.md
Summary:
This proposal suggests the introduction of halvings in net HNT issuance every 2 years (based on block height) to establish a max supply of HNT.
With the introduction of a hard cap on HNT supply, Helium’s token-economics would become more understandable to the broader crypto community at large. It would also create future scarcity and a new incentive to hold HNT. If there is more demand for HNT, miners will have additional incentive to deploy Hotspots. If miners deploy more Hotspots, the network will continue to grow its coverage, which will ultimately help meet the demands of end users and customers who use the network.