# The Quantum Resistant Ledger Tokenomics

> For the complete documentation index, see [llms.txt](/llms.txt). This markdown page mirrors [the canonical HTML page](/tokenomics/).

The tokenomics of Quantum Resistant Ledger (QRL) outlines its approach to inflation and emission rates, ensuring a stable and predictable increase in the circulating supply.


## Supply Mechanics

- Max supply: 105,000,000 QRL
- Total supply: 79,696,027 QRL
- Circulating supply: 70,781,305 QRL
- Emission rate: 1.317942586 QRL per block
- Foundation reserves: 8,450,001 QRL
- Block time: 60 seconds targeted

Network statistics are pulled periodically and are not live.


## Calculating QRL's circulating supply

QRL calculates circulating supply in line with [CoinMarketCap's Supply methodology](https://support.coinmarketcap.com/hc/en-us/articles/360043396252-Supply-Circulating-Total-Max): it is the public market float, not simply the total amount of coins issued.

Foundation-controlled reserve balances and the unmigrated balance (less than 1% of the total supply) are excluded from circulating supply. 

```
circulating_supply = total_supply - (foundation_reserve + unmigrated_balance)
```

**API Endpoints**

- [Circulating Supply](https://explorer.theqrl.org/api/circulating/text)
- [Total Supply](https://explorer.theqrl.org/api/emission/text)
- [Foundation Reserve](https://explorer.theqrl.org/api/a/Q000500997c93dec6039f0fb6008bbf034bc4f9252f6cfd41a7e01c8cf934036deaa4a832c4f240)
- [Unmigrated Balance](https://explorer.theqrl.org/api/a/Q010500e587fd07bb1c5ace98956d9aa6c347e7114ccb4ec7183baa54804cc8b974e91cc3b5617e)

If you have any questions or need clarification, please feel free to reach out to support@theqrl.org.

## Other tokenomics stats

- **Initial public supply:** 52,000,000 Quanta
- **Initial reserved supply:** 13,000,000 Quanta (of which [8,000,000 Quanta reserved for distribution as determined by QRL Foundation](https://explorer.theqrl.org/a/Q000500997c93dec6039f0fb6008bbf034bc4f9252f6cfd41a7e01c8cf934036deaa4a832c4f240))
- **Initial total supply:** [65,000,000 Quanta](https://explorer.theqrl.org/block/0)
- **Emission:** 40,000,000 Quanta distributed via exponential decay emission schedule over approximately 200 years
- **Eventual max supply:** 105,000,000 Quanta
- **Mining:** Proof-of-Work, RandomX (Proof-of-Stake development underway)