Tokenomics
Secret Network leverages inflation, block rewards, and staking to incentivize SCRT holders and validators to bond their tokens to the network. The less supply that is in circulation, the more difficult it is for a Byzantine actor to successfully execute a Byzantine attack against the Secret Network consensus layer. In addition, in order to drive adoption of the protocol, a generous inflation rate helps pull users, developers, and stakers into the network with the understanding that the inflation rate can be modified in the future through a governance proposal. Secret Network has a variable inflation rate that ranges from 7% – 15% based on the ratio of bonded to unbonded SCRT in relation to the target goal % bonded rate which is 67%. Secret Network has a twenty-one day unbonding period, with a circulating supply of approximately 70 million SCRT and a total supply of approximately 190 million SCRT.
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