Mint Parameters

Parameters from the minting module on Allora Network

mint_denom

The mint denomination for the blockchain is uallo.

inflation_rate_change

Determines the maximum annual rate at which the inflation rate can change.

Value: "0.130000000000000000"

Standard value.
Balances the rate of change to adapt to economic conditions while preventing sudden shocks. It will be regularly evaluated and adjusted based on economic dynamics.

inflation_max

Inflation max sets the maximum allowable annual inflation rate.

Value: "0.200000000000000000"

Standard value.
It may be adjusted based on the balance between controlling token supply growth and incentivizing network participants.

inflation_min

Inflation min sets the minimum allowable annual inflation rate.

Value: "0.070000000000000000"

Standard value.
It provides adequate incentives while avoiding undue token supply inflation.

goal_bonded

Represents the target ratio of bonded (staked) tokens to the total token supply.

Current value: "0.670000000000000000"

Standard value.
It provides adequate incentives while avoiding undue token supply inflation.

max_supply

Maximum total supply of uallo

Current value: "1000000000000000000000000000"

**halving_interval **

The block interval for the halving of the block reward.

Current value: 25246080

current_block_provision

The initial value of provisions per block. This value is recalculated and updated with each block.

Current value: 2831000000000000000000

blocks_per_year

Value: 6311520 (a block every ~5 seconds)

In Cronos, Treasurenet, Celestia, and many other Cosmos-based networks, the blocks per second are 5. This is the most common value for Cosmos-based blockchains.
In Bittensor this is 12 seconds. We are allowing a higher number of topics (suggested 2048) than there are max subnets (32), so it is expected to have a higher level of activity, thus higher number of transactions - which could benefit from faster blocks.
The standard value of a block every ~5 seconds is kept, for consistency with other blockchains and for allowing quicker block times and faster transactions than in Bittensor for the aforementioned reasons.