There’s that $600 number I keep liking! 
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I would like to see a minimum 20 x move during testnetts. This will get all the attention we need to get listed on Ex before Fleming. With Beta out and listing on mayor Ex like Binace developers will flock to SN. I hope that the testnet will answers all the remaining questions big Maid investors have and that they will reprice the coin accordingly.
Will price always be based on 452 mil coins? Or when network goes live is there a chance that finite supply will change?
In other words is 452 mil coins set in stone regardless of future minting algorithm? 
how was 452 mil decided as the max?
The max supply will never change. But it won’t all exist when network goes live.
Minting of new SN tokens will most likely occur over a long period of time, up to absolute max of 2^32 (~4.3 bn) tokens. That number might, or might not, eventually be reached - depending on minting algorithm.
For testnet, a minting algorithm is chosen where minting scales with network usage, and does eventually reach max.
It was simply the amount of MAID issued at ICO.
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One thing to remember about coin supply is that the supply is a function of the size of the network. So the maximum supply will only be available if the network needed it to. I think the test nets will help finalise these algorithms
Sorry didn’t see the post above explaining better.
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Cool, thanks for answering. So potentially stupid question here and I’m sorry if it is, but will the price of each coin be based on (after network goes live) market cap / max supply OR market cap / current supply.
Thanks again
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It would be market cap / current supply. More accurately, the market cap would be price * current (I.e. circulating) supply.
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Great thanks. 
While we’re here on topic, so the value of one’s Safe Network Tokens could drastically increase or decrease based on SNT algorithm for go live.?
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I expect some price volatility at network launch. Of course the fact that the network is launching would tend to push price up. But then there are SNT (network tokens) circulating at the same time as MAID is still out there and starting to be converted. On top of that is how the farming algorithm is responding. So going to be really interesting to see how that all plays out.
On the other question there is also the “fully diluted” market cap. This is the same token price, but times the max number of coins. For MAID it is the same because the quantity is fixed. But if you go to CoinMarketCap you can see the two different market caps for BTC, for example. Coin price is the same either way (it is what it is).
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Ethereum (which technically has infinite max supply) and Cardano (which has a max supply of 45B, i.e. >10x SNT) can serve to help contextualize the potential impact of SNT’s ~4B max supply on market cap.
One question I have is: how will people be able to know how many coins exist at any particular point in time given that there is no public ledger and coins can be burnt? I suppose that if only the Network can mint or burn tokens, then every node on the Network should be able to keep and publish a query-able record of how many coins exist.
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Previously it was said that the farming success rate would be an indicator of current supply. But then again if the network knows the farm rate it would prob have a better indicator.
There won’t be an exact number, but you could (with current testnet logic) get pretty close in a couple of ways:
- Query all sections for their managed amount.
or - Query 1 section for managed amount, and deduce total based on the section prefix length (i.e. number of sections).
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I feel like this convo was had many times over the last 3-4 years and I agree that lowering the cap makes sense. It also breaks no promises as you are only making early adopters better off for it, not worse, as you suggested.
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Thanks for the insight. How would the Network know if it has reached max supply (if it ever does)?
I think this is a good question. Now that there is divisibility, having a max supply of 4.29 B seems like overkill.
Agreed. I don’t see why lowering the supply would make anyone unhappy.
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It makes future farmers less happy.
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I think this is quite a good idea. Could even be 452m.
If I were to come up with arguments against it, one could for example be about financing a core developer fund through minting at genesis. That would in effect be paid by all current holders via dilution.
That fund could be financed voluntarily as well (and with this community I think there wouldn’t be a problem to fund core developers). But one method is certain the other is based more on, trust, perhaps?
Another one might be that with more minting, node operators are better rewarded relatively, at the cost of early investors. Hard to say what, if any, effect that will actually have on adoption. But anything that can improve adoption is definitely good for early investors. Don’t want to be too greedy there, make sure you invest in network growth.
How the minting of new tokens happen:
At every section split, the sum of payments since last split is distributed over all registered node wallets of the section, proportionally to their age.
The minting of new tokens will be at most equal the amount of the payments.
The reward amount is thus the sum of payments + newly minted tokens.
If however the rewards plus all managed in user wallets at the section would exceed the max supply of the section (coming to that one), the minting would decrease accordingly. If payments alone would bring the sum above the max supply, it as well would be decreased, even down to zero (when section managed >= max supply).
Decreasing the amount of rewards below what has been paid, is the same as burning tokens.
This way, an approximate max supply will be withheld over time across the network.
Max supply in a section, is inversely proportional to network size and is derived thus; global max supply of ~4.3bn divided by number of sections (known by 2[1]).
section prefix length ↩︎
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Or potentially (more likely) happier because it’s one less thing to dilute the value of their reward.
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Not true. Getting 1% of everything is better than 100% of nothing. Smaller portion of bigger pie is still more pie than you would have possiblly had under other circumstances. The network needs to grow. For that it needs farmers and resources. The 80/20 rule applies so 80% of total supply must go towards network growth. The original ratios are fine.
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If I’m understanding this correctly, the Network is aware of how many SNT everyone has in their wallets. In that case, the assumption is that no one could stockpile SNT in a location that is not on the Network. Otherwise, (theoretically), a billion tokens could exist off Network and then the Network could keep minting tokens up to what it thinks is 4.3B in rewards + managed user wallets, resulting in 5.3B tokens in existence. Let me know if I’m misunderstanding.
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