Analysis of circulating supply and max supply of TRC-20 PNUT

Mining TRC-20 PNUT using STEEM POWER delegation started at 21st Oct, 2020. The 1st halving date of mining PNUT was 25th Nov, 2020. In this period, the rewards of each 1 Tron block are 20 PNUT, which means the circulating supply was 20m PNUT(1m Tron blocks×20 PNUT). PNUT DAO(Decentralized Autonomous Organization) has accumulated 10% of the circulating supply for the operation.

a1. In this period, the circulating supply: 22m PNUT

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The 2nd halving date of mining PNUT would be 25th Sep, 2021 when 9m Tron blocks are created from 1st halving date. In this period, the rewards of each 1 Tron block are 10 PNUT, which means the circulating supply is 90m PNUT(9m Tron blocks×10 PNUT). PNUT DAO(Decentralized Autonomous Organization) has accumulated 10% of the circulating supply for the operation.

a2. In this period, the circulating supply: 99m PNUT

Thus, even if it is 25th Sep, 2021, the circulating supply would reach 121m PNUT.

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The 3rd halving date of mining PNUT would be 25th Aug, 2022 when 10m Tron blocks are created from 2nd halving date. In this period, the rewards of each 1 Tron block are 5 PNUT, which means the circulating supply was 50m PNUT(10m Tron blocks×5 PNUT). PNUT DAO(Decentralized Autonomous Organization) has accumulated 10% of the circulating supply for the operation.

a3. In this period, the circulating supply: 55m PNUT

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After the 3rd halving date, next halving dates will be the date when 10m Tron blocks were created from previous halving dates. Hence, to calculate the max supply, infinite geometric series are used for.

The max supply is 231m PNUT=a1+a2+[a3÷(1-r)]=22m PNUT+99m PNUT+[55m PNUT÷(1-0.5)]