Mina Protocol (MINA)
Unlock Schedule
Mina Protocol (MINA) Token Unlock & Vesting Schedule
The unlock chart above provides a clear visual overview of the Mina Protocol (MINA) token release schedule, showing when and how tokens enter circulation across investor, team, treasury, and community allocations. Understanding these tokenomics dynamics is critical for evaluating potential supply pressure, inflation impact, and market liquidity over time — key factors that can influence MINA price performance.
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
Supply and issuance
MINA is the native asset for fees, staking, and on‑chain incentives. At launch, the initial distribution accounted for 805,385,694 MINA, with additional emissions funded through inflationary block rewards. The inflation rate started around 12% during the first year and is designed to decrease toward a long‑term steady state near 7%. The design encourages high participation in staking so token holders maintain their share of the network over time. (minaprotocol.com)
Staking model
- Any amount of MINA can be delegated to a validator (block producer), and there is no bonding or slashing in the base protocol. Funds remain liquid: you can move them anytime, and your effective delegated balance updates with epoch snapshots. (docs.minaprotocol.com)
- There is an activation delay for new or changed delegations (on the order of a couple of epochs), which reflects how the staking ledger is computed. (docs.minaprotocol.com)
Historically, Mina used “Supercharged Rewards” to temporarily boost returns for certain unlocked accounts; the community later voted to remove this feature via MIP‑1 at a subsequent hard fork, simplifying incentives. (minaprotocol.com)
Utility
MINA pays network fees, compensates SNARK workers through fee transfers, and backs staking that secures the network. For zkApps, it pays the transaction fee to verify a proof on‑chain, while the logic and state transitions can remain off‑chain and private.
Assumptions
- MINA has uncapped supply.
Official tokenomics state MINA is inflationary with no maximum cap.
- Percent_total for genesis allocations uses a 1,000,000,000 token reference frame.
Mina’s ‘Expected Allocation of Initial Distribution’ diagrams and category percentages are presented on a 1B-token basis even though Initial Supply at genesis was 805,385,694; percentages therefore reference the 1B framework for comparability.
- Investor unlock modeled as cliff + linear from 2021-07-10 to 2022-09-23.
Backer tokens unlock over 18 months from launch but were fully locked until 40 days after the Community Sale; we model a catch-up cliff on 2021-07-10 equal to 109/540 of the allocation and linear for the remainder to reach 18 months from launch.
- Core Contributors aggregated as 4-year linear from mainnet.
Actual vesting has 1-year cliffs from individual start dates and a 2-year post‑mainnet unlock overlay; lacking individual start-date data, we approximate with a linear schedule for charting.
- PoS base issuance computed with monthly compounding per inflation-target table; supercharged rewards modeled as a fixed 46M tokens over months 0–14.
Block reward inflation periods are specified by months-from-launch targets; total supercharged distribution is referenced as 4.6% of the 1B ‘Initial Distribution’ and apportioned across subperiods by target yield weights; exact realized supercharged mint depends on the share of eligible unlocked stake and protocol upgrades.
- 1. https://minaprotocol.com/blog/mina-token-distribution-and-supply
- 2. https://minaprotocol.com/blog/minas-mainnet-launch-marks-a-new-era-for-internet-privacy-and-data-security
- 3. https://minaprotocol.com/tcgenesis
- 4. https://blog.coinlist.co/introducing-mina-trading-staking-on-coinlist/
- 5. https://docs.minaprotocol.com/zkapps/writing-a-zkapp/feature-overview/time-locked-accounts
- 6. https://minaprotocol.com/blog/staking-rewards-on-mina
Allocations
Description
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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 |