What are the tokenomics of Merit?

The maximum number of Merit to be in distribution is 100 million MRT.

The genesis block of Merit is 20m MRT. It is held in the foundation’s secure multi-sig cold storage account and has not been spent. (Except for a 1MRT test transaction.)

Blocks are issued every minute, on average.

20 MRT is issued in each block as of now. 50% goes to the winning security miner. (10 MRT). 50% is split among top ambassadors. (10 MRT)

Currently, 20 ambassadors are selected in each block to receive the distribution.

The Merit Genesis block is forever excluded from all Ambassador reward selections.

The Merit Foundation plans to slowly sell the genesis block at a predictable rate to fund operations. We do not have any formal announcements here yet, but we are considering a public model with a 3rd-party audit.