> For the complete documentation index, see [llms.txt](https://doc.cryptostone.org/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://doc.cryptostone.org/crypto-stone/crypto-stone-wp-cn/wa-kuang-xi-tong/14stone-chu-shi-gong-ying-liang-de-ji-suan.md).

# 14. STONX 初始供应量

CryptoStone 不会为 12 种宝石分别发行不同的代币，而是使用一个 STONX Token。\
初始总发行量设定如下。

**STONX Initial Total Supply = 1,200,000,000 STONX**\
**Additional Mint = 无**

将 STONX 设定为 1,200,000,000 个，并不是单纯为了扩大代币数量。CryptoStone 旨在构建一个未来可容纳 100,000 名以上用户以不同规模参与挖矿池的结构。为此，需要一种能够让小额参与者、中等规模参与者和高挖矿算力参与者都能自然参与的单位结构。

在 1,200,000,000 STONX 结构下，即使以 100,000 名以上参与者为前提，也可以设计出以数千 STONX 为单位的自然参与体验。这降低了小额参与者的进入门槛，为中等规模参与者提供了实际的挖矿参与单位，也使高挖矿算力参与者能够制定长期挖矿策略。

因此，12 亿枚发行量不应被理解为无节制扩大供应，而应被理解为为了容纳更广泛用户基础和 Proof of Mining 结构而设计的单位体系。

**Expected Active Mining Ratio = 约 30% \~ 40%**

$$
1,200,000,000\ \text{STONX} \times 40% = 480,000,000\ \text{Active Mining STONX}
$$

以 100,000 名参与者为基准时，平均 active stake 如下。

$$
480,000,000\ \text{STONX} \div 100,000\ \text{users} = 4,800\ \text{STONX per user}
$$

也就是说，1,200,000,000 STONX 结构是为了在容纳大规模参与者基础的同时，使小额参与者也能够进入挖矿生态而设计的。


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