DENTX
DENTX is the native unit of exchange of DENTNet, similar to ETH on Ethereum or BTC on the Bitcoin network. DENTX is used to:
pay fees such as transaction fees
stake for the security of the network
Token Generation Event
DENTX was generated on 21st Dec 2021, and 10,000,000,000 DENTX were issued with the genesis block of DENTNet.
With the public launch of DENTNet on 5th March 2024, DENTX was released to the public.
Issuance
DENTNet needs to be able to issue DENTX to reward validators and stakes at any time in the future. This form of controlled inflation is adjusted based on the total amount staked.
DENTXs are created as rewards and held inactive to be paid out later. A small percentage also goes to the Treasury for future payments. These inactive funds can't be accessed and do not reside in an account.
Total Issuance
It is the total number of units in existence on the network.
Inactive Issuance
It is the total units of outstanding deactivated balance on the network that cannot be used.
This is mainly pending payouts of staking and validating rewards, that are paid out when requested by the owed account.
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