Canton Coin

Every round, about every 10 minutes, the network mints new CC for the apps, validators and super validators that earned it. Over these 90 days that came to 1,946.9M CC, about 21.6M a day: 1,411.5M to apps, 268.3M to validators and 267.2M to super validators. The yearly ceiling is 10B CC until the next cut in 2029, and only about 83% of what could be minted was claimed. Each 30-day slice was close to 650M, so the next 90 days keep the same pace.

CC had no pre-mine and no team or investor share, so there is nothing to vest. Every coin in existence was minted as a reward or paid out by a public vote.

5% of every round goes to a development fund run by the Canton Foundation, as coins that only exist once a grant is paid. It paid 96 grants worth 76.5M CC in these 90 days (108.2M since the fund started), and it pays every month, so we expect about the same next. About 172M CC has built up in the fund and is not yet minted. The Foundation's own coins (about 1.4B in its lock wallet), the super-validator lock wallets (about 18.4B) and the app lock wallets (about 0.89B) are already counted as circulating, so selling them adds no new supply.

No bankruptcy estate, trustee or long lock holds CC outside the float. Super-validator locks unlock 1/365 a day, but those coins already count as circulating.

Rewards nobody claims fall into a pool that only a super-validator vote can release. Ten releases landed in these 90 days, 91.0M CC in all, mostly to new partners that met their goals: Zenith 25.4M, LayerZero 19.6M, Chainlink 19.2M and Wormhole 15.1M. Releases came in 11 of the last 12 months, and six new super validators approved in September have goal-linked releases ahead, so we expect a similar amount next.

No contract or treasury buys CC back. Listed companies that hold CC buy it in the market, so those coins were already in the float.

Network fees are priced in dollars and paid by burning CC, so every busy day removes coins for good. The burn came to 1,352.9M CC in these 90 days, about 15.0M a day and about 64% of all new coins. Each 30-day slice was between 436M and 466M, so the next 90 days keep the same pace; a higher CC price means fewer coins burned for the same fees.

Nothing this window shows the Foundation or the development fund buying CC. The fund pays out new coins; it does not buy.

Super validators lock CC to keep their voting weight (about 18.4B CC in their lock wallets), and featured apps lock about 0.89B. These are real commitments, but the locked coins still count as circulating, so they take nothing out of the float.