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Update hnt-token.mdx (#1967)
Clarifies that the net emissions cap in HIP-20 was set at 1% of the epoch emissions *back then* and isn't adjusted with each halving. Note: The paragraph "If less than 1,643.83561643 HNT is burned for DC within an epoch, the full amount burned will be re-minted and added to the day's usual scheduled emissions for that day's epoch. However, if more than 1,643.83561643 HNT is burned for DC within a single epoch, any HNT burn for DC over 1,643.83561643 will be permanently burned and removed from the max supply, while 1,643.83561643 will be re-minted and distributed in scheduled emissions." isn't correct any more, now that we have the smoothing mechanism implemented. Flagging this, but have no capacity to update it myself.
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docs/tokens/hnt-token.mdx

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@@ -92,7 +92,7 @@ Net Emissions give the protocol enough HNT for rewards in perpetuity by monitori
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burned for DC in a given epoch and adding that to the number of HNT to mint that epoch. Because HNT
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produced via Net Emissions do not add to the total outstanding, they do not violate max supply.
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However, to ensure that the deflationary pressure is still present, the Net Emission is capped at 1%
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of the epoch emission.
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of the epoch emissions at the time when HIP 20 was approved.
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For instance, in October 2024, the Net Emissions cap is 1,643.83561643 HNT per epoch, and the
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up-to-date value can be verified

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