100 Questions about Anwang Blockchain:
11. Where did the 29.4 million SAFE tokens come from? The initial number of SAFE coins was 40 million when the mainnet version was upgraded and merged and launched on January 20, 2018. After three large-scale reductions: (1) About 3 million SAFE coins were originally intended for Monero, ZCash and other currencies, and were destroyed on May 11, 2018. For transaction details, see: http://chain.anwang.com/tx/1490e0008eda2c499070d30a6f257932312a4 0e5a0038043961f598051469744 (2) Nearly 8 million SAFE coins were originally intended for Dash holders. However, as more than 7.2 million SAFE coins had not been claimed by September, the SAFE Foundation decided to seal up the unclaimed SAFE coins on September 26, 2018, and released a sealing notice one week before the sealing to allow unclaimed users to claim them as soon as possible. In the end, the total number of SAFEs received by Dash users was 800,000, a decrease of 7.2 million from the previous number. (3) When DNC1 was upgraded to DNC2 in July 2017, some DNC2s were not exchanged, so some SAFEs were left. When the voting chain ELT issued in November 2017 was exchanged for SAFEs, some SAFEs were not exchanged, and the total number of unexchanged SAFEs was 366,593.6716. After the lock-up and interest-paying activities, there were still 199,123 SAFEs left by December 31, 2018, so they were destroyed on January 3, 2019 as originally planned. The destruction transaction is as follows: https://chain.anwang.com/tx/90be0d790cefa414b78b35349f7ec4bc0 563f6bd3ce9eb893516857fd0b59423 (4) The mining rule of SAFE is 45% for the master node, 45% for mining income, and 10% for proposal income. After nearly three and a half years of operation, 2.08 million SAFEs were mined by June 2021. If 10% of the monthly proposal income could be mined in the past three years, it should be 222,000 SAFEs, but in fact, it was only mined for four months, about 23,000 SAFEs. That is, 200,000 SAFEs have disappeared forever, so the maximum supply of SAFE should be reduced by 200,000. After the above four significant reductions, the distribution ratio of SAFE is as follows: (1) Number of tokens: 29.4 million. The actual number of SAFEs will be less, such as no super blocks were produced from May to September 2021; (2) ...
