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update supply info (#786)

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Replace estimate with exact number of LBC that will exist.
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Thomas Zarebczan 2018-09-21 12:19:48 -07:00 • committed by GitHub
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content/faq/block-rewards.md
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@ -17,7 +17,11 @@ The source code, and not this file, is the only true definition of the block rew
## Mining Reward Schedule
Eventually 1,000,000,000 LBRY credits will exist. They are awarded on the following schedule:
Eventually 1,083,202,000<sup>1</sup> LBRY credits will exist.
<sup>1</sup>This value was [updated from 1B](https://github.com/lbryio/lbry.io/commit/4b4a8401d8ada40203d2bfb232066f42c4ac7a84) (which was a nice round number for a FAQ) on 09/21/2018 with the goal of increasing accuracy and transparency. [View the calculation here to verify](https://www.onlinegdb.com/r1NQOiyYQ) the source code referenced above.
They are awarded on the following schedule:
* The genesis block creates 400,000,000 credits to be administered by LBRY, Inc. 300,000,000 of these will be strategically allocated to partners, many of whom have a direct interest in the naming layer. It also includes 100,000,000 earmarked for charity. Additionally, some may be given directly to the public in ways that add value and make sense. 100,000,000 are owned by LBRY directly.