Mina Protocol (MINA) Tokenomics, Unlock Schedule and Vesting Chart

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Mina Protocol (MINA) Token Unlock & Vesting Schedule

As of October 16, 2026, 1.29 billion MINA have been released. The schedule is ongoing, with no final release date. Over the next 12 months it releases 18.89 million MINA (all estimated) from PoS block-producer and staking rewards, worth about $1.38 million at today's price (1.46% of the market cap). Today's release is an estimated 53,963 MINA from PoS block-producer and staking rewards.

The chart shows gross modeled releases of every allocation: vesting unlocks, new issuance and reserve distributions, each allocation counted once. These have different meanings; a scheduled release is not evidence that tokens entered circulation or were sold. Review the coverage, sources and assumptions below.

Each color segment in the chart corresponds to a specific allocation group described in the Allocations section below. Underlying assumptions and data models used to reconstruct this schedule are explained in detail under Assumptions, while broader utility insights and token use cases are covered in Tokenomics & Utility.

Tokenomics & Utility

MINA connects the network’s users, block producers and proof workers. Users need it for transaction fees and interactions with zkApps. Block producers stake MINA to take part in consensus, while token holders can delegate their stake to a producer. Mina’s staking design has no required bonding period, so delegation does not lock tokens under the protocol’s staking rules. MINA is also the currency used to buy and sell proof work in the Snarketplace. (minaprotocol.com)

Mina’s initial distribution was 805,385,694 MINA, spread across categories that included community programs, backers, core contributors and Foundation allocations. Some allocations followed unlock schedules. New tokens are created as block rewards, and the protocol has no fixed maximum supply. Its published economic plan began with higher inflation and set out a decline toward a long-run target of 7%. Protocol decisions can also change incentives: a community-approved proposal ended the early “supercharged” rewards for eligible unlocked accounts with the Berkeley upgrade. (minaprotocol.com)

The distinction between staking and fees matters. Staking helps determine who can produce blocks and earn rewards; fees pay for activity on the network. These functions give MINA a use beyond transfer between wallets, while tying the token’s incentive structure to the operation of the chain.

Upcoming MINA Releases

Period	Allocation	Type	Amount	Value
Oct 16 – 31, 2026	PoS block-producer and staking rewards	Issuance, estimated	863.4K	$62.9K
Nov 2026	PoS block-producer and staking rewards	Issuance, estimated	1.6M	$118K
Dec 2026	PoS block-producer and staking rewards	Issuance, estimated	1.7M	$122K
Jan 2027	PoS block-producer and staking rewards	Issuance, estimated	1.7M	$122K
Feb 2027	PoS block-producer and staking rewards	Issuance, estimated	1.5M	$110.1K
Mar 2027	PoS block-producer and staking rewards	Issuance, estimated	1.7M	$122K
Total, next 12 months			18.9M	$1.4M

1–6 of 12 releases

of 2 pages

Values at $0.073 per MINA (October 16, 2026), today's price, not a forecast. Releases continue after September 2027. Estimated amounts are modeled from the schedule's rules rather than dated by a source; see the Assumptions below. Releases without dates are listed under Allocations.

Assumptions

Mina began with about 805.4 million tokens at genesis and has since created more through proof-of-stake block rewards; its supply has no cap. The Foundation documents lockups for genesis recipients and budgets for several grant programs, but many individual unlock and payment amounts lack dates. Proposed SNARK-mining and post-mainnet Genesis budgets are listed separately because the cited Foundation account says they were not activated. The supply-growth chart uses dated total-supply measurements with estimated amounts between them, while undated budgets are not plotted as completed releases.

Pre-mainnet Genesis Members: The sources give the amount but no release dates.
Mina Foundation project grants: The sources give the amount but no release dates.
o1Labs endowment: The sources give the amount but no release dates.
Pre-mainnet backers: The sources give the amount but no release dates.
Core contributors: The sources give the amount but no release dates.
Prism contributing-member grants: The sources give the amount but no release dates.
zkIgnite grant program: Releases depend on recipients claiming tokens or on grants being awarded.
Mina Navigators initial grant program: Releases depend on recipients claiming tokens or on grants being awarded.
Navigators Season 1 grand prizes: The sources give the amount but no release dates.
Mina Navigators Season 3: Releases depend on recipients claiming tokens or on grants being awarded.
Proposed transfer to the decentralized treasury: Releases depend on future governance or treasury decisions.
Proposed post-mainnet Genesis Members: Releases depend on future governance or treasury decisions.
Proposed SNARK-mining subsidy: Releases depend on future governance or treasury decisions.

Sources (17)

Total Supply N/A

Unlocked Supply 1.29B

Unlock Progress —

Genesis Date Mar 23, 2021

Fully Unlocked Ongoing

Allocations 17

Marketcap Rank (#) 298

Price ($) 0.073 -6.67% (7d)

24h Volume ($) 1.1M -82.45% (7d)

Marketcap ($) 94M

Fully Diluted Value ($) N/A

Circulating Supply N/A

Perpetuals: 3 markets on Binance, OKX and Hyperliquid · $9.4M open interest

Spot

Perp


MINA/USDT	1.9M	85K/87K
MINA/TRY	1.3M	34K/54K
MINA/USDT	728K	25K/23K
MINA/USDT	714K	38K/74K
MINA/USDT	290K	904/96
MINA/USD	247K	78K/137K
MINA/USD	160K	15K/23K
MINA/USDT	93K	13K/27K
MINA/USDT	86K	2.6K/2.9K
MINA/USDT	85K	49K/53K
MINA/USDT	82K	1.6K/1.6K
MINA/USDC	66K	7.4K/6.8K
MINA/EUR	48K	29K/76K
MINA/USDC	30K	9.4K/19K
MINA/EUR	2.9K	27K/27K
MINA/GBP	2.8K	264/905
MINA/BTC	304	1.7K/1K

Allocations

Genesis mint

805,385,694 tokens · 7 parts

Parts of this allocation with their own release dates are charted as their own allocations; the chart shows the rest here.

Cliff: Mar 23, 2021 — 100.00% of allocation · 805,385,694 tokens

Sources: Mina Token Distribution and Supply1-Year Mina Anniversary of Mainnet Launch — Community CelebrationPerformance History

PoS block-producer and staking rewards

Ongoing issuance

Observed release: 488,245,326 tokens

Estimated from the last observation onward: about 53,963 per day (1,642,509 per month), the rate between the observations of 16 May 2026 and 30 September 2026.

Sources: Mina Token Distribution and SupplyFinal Mina Tokenomics ReportBlockchain SummaryMina’s Mesa Upgrade – What to ExpectMinaProtocol/mina releases

Prism contributing-member grants

2,300,000 tokens

Timing not yet established (April 2021 - open): 2,300,000 tokens

Sources: Prism Grantees to Receive 2.3 Million MINA Tokens For Ecosystem Contributions

zkIgnite grant program

500,000 tokens

Timing not yet established (June 2023 - open): 500,000 tokens

Sources: Mina Protocol Grants Program

Mina Navigators initial grant program

6,000,000 tokens · 1 part

Timing not yet established (October 2023 - April 2024): 6,000,000 tokens

Sources: 6M MINA Tokens Grant to Chart a Course for ZK DevelopersAnnouncing Mina Navigators Season 1 Grand Prize Grantees

Mina Navigators Season 3

2,300,000 tokens

Timing not yet established (February 2025 - open): 2,300,000 tokens

Sources: Illuminate – January Ecosystem UpdateWhat is the Status of the MINA Navigators Season 3

Proposed transfer to the decentralized treasury

55,000,000 tokens

Timing not yet established: 55,000,000 tokens

Sources: Mina Foundation Treasury Deployment Target and UpdatesAn Update on the Decentralized Treasury: From RFC to Delivery

Proposed post-mainnet Genesis Members

88,000,000 tokens

Timing not yet established: 88,000,000 tokens

Sources: Mina Token Distribution and Supply

Proposed SNARK-mining subsidy

60,000,000 tokens

Timing not yet established: 60,000,000 tokens

Sources: Mina Token Distribution and Supply

Last Updated: 2026-09-30 12:30:11 UTC

Description

#298

Mina Protocol is a blockchain that uses zero-knowledge proofs to reduce its size to about 22kb, regardless of its usage. Mina Protocol allows users to run smart contracts written in TypeScript and interact with any website using verified real-world data.

Sector:	Layer 1
Blockchain:	Other L1

2021

POS