Insula Genesis Block

Insula Token supply is:

Limited.

Fixed algorithmically.

Timestamped.

Deflationary. 

Insula Block Stamping & Halving Scarcity:

 

What is a Bitcoin halving?

 

 

After every 210,000 blocks, Bitcoin goes through a process called “halving.” This mechanism was integrated into the protocol by Satoshi Nakamoto himself. After a protocol goes through “halving,” it cuts the supply of new Bitcoins in half, halving the miner's block production rewards, as well.

 

 

What is an Insula halving?

 

 

After every 154,588.23 Ethereum blocks (every month on average or, 2,628,000* seconds), Insula Token & its DAO goes through a process called “corporate halving”.

 

This mechanism was integrated into the DAO informal protocol by and between its initial members. After a protocol goes through “halving,” it cuts the supply of new Insula Token per hour of work in half, hence halving the Insulian workers block production reward.

 

This is to promote the idea of “an hour of work of today brings you more than an hour of work tomorrow”. This is to better reward early contributors, inject a notion of further incentive to not delay Insula’s development goals, and to create scarcity and reputation of the token over the long run.

 

*Since 1 Ethereum block number = approx. 17 seconds block timestamp.

 

First halving took place on May 1st, 2020, from 500 Insulas/hour to 250 Insulas hour wage rate.

Until now, the average pay on the median day of the month was of 35$ per hour, as the halving makes the token more scarce.

To track live Insula Token price, head to:

https://uniswap.info/token/0x697ef32b4a3f5a4c39de1cb7563f24ca7bfc5947

 

 

Learn more:

 

https://ethereum.stackexchange.com/questions/26959/how-reliable-is-it-to-use-block-number-to-calculate-time-in-smart-contract

 

https://www.insulainvestments.com/genesis

 

 

In terms of organisation Insula is a DAO = decentralized autonomous organisation. Each token holder (worker or investor) is a node of the organisation.

 

Have a look at our blockchain academic framework here: (token holding).

 

https://www.insulainvestments.com/dao

 

 

Have a look at our private company structure: (shareholding).

 

https://www.insulainvestments.com/about