Icon (ICX) delegates have the power to mint new ICX every year “that does not exceed 20%” (web page 30 of whitepaper) : CryptoCurrency
It’s proper and written in the white paper since day one. It’s what many of us by no means understood and more than likely nonetheless do not. They consider that 20% of the locked up tokens will probably be launched every year which is unsuitable.
It’s newly created/minted cash. However 20% could be the absolute max. The actual quantity will probably be calculated the usage of a number of variables corresponding to quantity, charges and so forth to save you an inflation fee which might be too top.
Also it is a praise for staking and folks would possibly not be that silly to double they provide in a pair of years. What could be the benefit of getting shall we embrace three% praise if at the similar time the worth drops for extra?
Exactly you could possibly lose in the finish, which is why it would not make sense to permit an inflation proportion of 20%. And possibly we would possibly not see this taking place. (Unless stupidity takes over).