To understand why Malairte's supply is what it is, it helps to follow the path from the genesis block to today, one mechanism at a time. Each step is public and auditable, which is exactly what makes the fair-launch claim concrete.
It starts with block zero
The genesis block establishes the rules and the starting point. In a fair launch it carries no pre-loaded balance. Emission begins not in the genesis block itself but with the first mined blocks that follow it.
Each block pays a defined reward
After genesis, miners produce blocks on a target interval. Each valid block pays its miner the block reward set by the supply schedule. This is the only way new coins enter circulation in a fair emission. No side channel, no mint function, no insider payout.
The reward tapers over time
- Early blocks pay the full base reward, producing steeper initial issuance.
- At defined intervals the reward drops, by halving or another coded step.
- Over time the emission curve flattens toward the schedule's long tail or cap.
Supply equals mined blocks times rewards
Because emission comes only from block rewards, circulating supply should equal the number of mined blocks multiplied by the reward in effect for each, accounting for halvings. This is the reconciliation that lets anyone confirm there was no premine: if supply matches mining, no extra coins were injected.
Why each step is auditable
Every link in this chain is public. The genesis block is hard-coded and hashed. The blocks after it are recorded and readable. The schedule is in the open source. A block explorer or your own node lets you read all of it. The fair-launch claim is not a slogan; it is a series of checkable facts.
What the flow does not tell you
This path describes how many coins exist and when, not what they are worth. Value depends on markets, which are outside the scope of emission mechanics, and this article makes no predictions. Understanding the flow is about understanding the network, which is valuable on its own terms.