PlatScan update:Circulation and supply display of LAT

PlatScan update:Circulation and supply display of LAT

By:https://platon-network.medium.com/

Since the release of PlatON mainnet, we have received valuable suggestions from the community about the calculation of Circulation and the total supply of $LAT on PlatScan.

PlatScan will be updated to be able to more clearly and directly reflect the actual situation of $LAT circulation and total supply, and it will be closer to the user’s habits and the algorithm of price-tracking websites.

PlatScan update:Circulation and supply display of LAT

Updates are as follows:

🟢CIRCULATING

The CIRCULATING will show the total amount of LAT currently in circulation in real-time.

CIRCULATING = Total Supply — Locked Balance — Staking contract Balance — Delegated Award Contract Balance — Reward Pool Balance — All Foundation Account Balance

🟢Supply Volume

Also, this update will apply a more straightforward formula to the total supply volume.

Total Supply = 10 billion × (1 + 2.5%) ^ number of years

The 10 billion is the initial LAT supply, and 2.5% is the percentage of incremental supply for each year.

🟢Stake Rate

The formula for calculating the Stake Rate is also optimized in this update.

Total Staking = Real-Time Staking Contract Balance

Stake Rate = Staking Contract Balance ÷ (Total Supply — Staking contract Balance — Delegated Award Contract Balance — All Foundation Accounts Balance)

After the update of PlatScan is completed, you will be able to understand the operation of the PlatON network more visually on the PlatScan Block Explorer.

Publisher:PlatONWorld,Please indicate the source for forwarding:https://platonworld.org/news/platscan-update%ef%bc%9acirculation-and-supply-display-of-lat/

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