Semux is a blockchain platform powered by 'Semux BFT' consensus algorithm.
Its native cryptocurrency is called SEM.
SEM is a fundamental asset for operation of Semux platform, which thereby provides a public distributed ledger for transactions. SEM is used to pay for transaction fees and as a fuel for running decentralised apps. Another crucial use case for SEM is the consensus algorithm. SEM is used for voting on Validators who forge new blocks and verify the transactions.
The max supply of SEM cryptocurrency is capped at 32,000,000 SEM.
| Purpose | Amount | Note |
|---|---|---|
| Block Rewards | 22,000,000 SEM | Block rewards to Semux Network validators |
| Community | 5,000,000 SEM | Distributed to airdrop and testing program participants |
| Development | 4,000,000 SEM | Reserved for development, marketing and promotion |
| Founders | 1,000,000 SEM | Retained by the founders who developed the Semux technology |
Notes:
- The numbers listed above are post-burning amount.
- 100% of the remaining fund has been moved to a multi-sig wallet. See this doc for more details.
New SEMs are created each time a validator forges a new block.
Once maximum supply is reached, new SEM will no longer be created.
Validators receive the block reward as well as all fees contained in the block.
Block 0 - 2,000,000 : 3 SEM
Block 2,000,001 - 6,000,000 : 2 SEM
Block 6,000,001 - 14,000,000 : 1 SEM
Block 14,000,001+ : 0 SEM
After the 14th million blocks, Semux will transition to a fee market.
The following real-time APIs about SEM stats have been provided by api.semux.org.
/max-supply: The best approximation of the maximum amount of coins that will ever exist in the lifetime of the cryptocurrency./total-supply: The total amount of coins in existence right now (minus any coins that have been verifiably burned)./circulating-supply: The best approximation of the number of coins that are circulating in the market and in the general public's hands.