The DCR coin issuance price and total issuance volume are learned in one article

Decred coin (DCR) initially launched with an issuance price of $1.60 USD, with a capped total supply of 21 million coins.

Oct 03, 2024 at 02:30 am

DCR Coin Issuance Price and Total Issuance Volume

1. Issuance Price:

• The initial issuance price of DCR (Decred) coin was $1.60 USD.
• This price was set on February 8, 2016, when Decred launched and its first block was mined.

2. Total Issuance Volume:

• The total supply of DCR coins is capped at 21 million.
• As of August 2023, approximately 15.1 million DCR coins have been issued.

3. Issuance Mechanism:

• DCR is issued through a hybrid mining process that combines Proof-of-Work (PoW) and Proof-of-Stake (PoS).
• In the PoW phase, miners compete to solve complex mathematical problems. If a miner finds a solution, they receive a block reward in DCR coins.
• In the PoS phase, DCR coin holders can stake their coins to participate in the consensus process. Stakers can earn block rewards and transaction fees based on the amount of coins they hold.

4. Inflation Rate:

• DCR's issuance is designed to have a gradual inflation rate that decreases over time.
• The initial annual inflation rate was 5%.
• The inflation rate halves every 840,000 blocks (approximately every eight years).
• As of August 2023, DCR's annual inflation rate is approximately 1.4%.

5. Block Rewards:

• Block rewards for mining and staking decrease over time as the total supply of DCR increases.
• The current block reward for mining is 12.5 DCR coins.
• The current block reward for staking is 6.25 DCR coins.