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What is the issuance and circulation of HBAR coins?

The initial issuance of Hedera Hashgraph (HBAR) coins in February 2018 created a genesis block and minted 50 billion HBAR coins with a predetermined supply limit.

Oct 29, 2024 at 11:21 am

Issuance and Circulation of Hedera Hashgraph (HBAR) Coins

1. Initial Issuance

February 2018: Genesis block issued, marking the creation of the Hedera network and the initial issuance of HBAR coins.
50 billion HBAR coins were minted initially, with a predetermined supply limit.

2. Official Token Sale

March 2019: Hedera Hashgraph conducted a private token sale, where a portion of the HBAR coins were sold to accredited investors.
Approximately 2.5 billion HBAR coins were sold, raising funds for the network's development and operations.

3. Distribution for Ecosystem Development

A significant portion of the initial HBAR allocation was reserved for ecosystem development.
These coins were distributed to grants and initiatives supporting the growth of Hedera-based projects and applications.

4. Consensus Service Fees

HBAR coins are used to pay for consensus service fees on the Hedera network.
Transactions, smart contract execution, and other network operations require HBAR payments to maintain network security and performance.

5. Treasury

Hedera maintains a treasury that holds a reserve of HBAR coins.
These reserves can be used for strategic initiatives, system upgrades, or other operational needs.

6. Circulation

Currently (as of January 2023), approximately 12 billion HBAR coins are in circulation.
This represents approximately 24% of the total HBAR supply.
HBAR coins are held by a diverse range of stakeholders, including investors, developers, and enterprises using the Hedera network.

7. Inflation

The Hedera network does not experience inflation.
The total supply of HBAR coins is fixed and will not be increased over time.

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