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  2. Distribution: HBTS

Incentive Curve

The incentive issuance is built on a calibrated sigmoid curve, P(t) to generate total proportion of supply in issue.

P(t) = \frac{1}{1 + e^{-ct}} \

Where t is the applicable calculation period counter (t∈[0,āˆž)),k(t ∈ [0,āˆž)), k(t∈[0,āˆž)),k are constants to be resolved from the initial supply P(0)P(0)P(0), and the inflection point of the curve, expressed in calculation periods as t0.5t_{0.5}t0.5​

k = \frac{1}{P(0)} - 1 and c = \frac{\ln k}{t_{0.5}} \

PPP has been calibrated with kkk and ccc to generate 5050%50% of total issuance by Month 24.0, where the starting circulating supply at TGE is 4.0%

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Last updated 10 months ago

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