WALLETS

There is one Public and countless My/User wallets in the system. Together they hold the Total supply of all existing oblomo coins.

Public walet

Holds the newly created coins in the system. New coins are made by unsigned users when mining. New coins are stored in the Public wallet and reserved to reward signed users for their inactivity.

User (My) wallets

User’s wallets store coins after the user's mining session or after trading on the market. All the users wallets in the system together hold the circulating supply - the number of coins that’s currently in public hands and circulating in the market.

Signed vs. unsigned

Unsigned users create new coins in the system when mining. These are all stored and reserved in the Public wallet. Signed users, when mining, transfer coins from the Public wallet to My wallets

COIN SUPPLY

TOTAL SUPPLY = NEW COINS (Public wallet) + CIRCULATING COINS (Users’ wallets)

Total supply is a number of all existing coins in the system, part of it are new coins stored in the Public wallet, the rest are circulating coins in Users wallets.

Oblomo coin has no hard cap and its maximum supply is infinite. However, the rate of new coins released will decrease over time with the increase in mining time needed to create new coins, thus adding value to existing coins.