Follow the evidence.
Understand POA.

Initial scheduled pool

1 billion POA / epoch

The published E0 setting is 1,000,000,000 POA. It is an initial reward budget. The amount actually issued is the sum of the epoch’s final rewards; unused budget is not existing coins removed from holders.

Nominal epoch cadence

6 hours

The published auto_epoch_seconds setting is 21,600 seconds. Convert epoch-based settings to time only as a nominal estimate; actual close times and future configuration can differ.

Published halving interval

720 epochs · about 180 days

The configuration supplies E0 and halving_epochs. The familiar step-halving calculation is implemented by PoAScan; the complete active reward engine has not been independently reconstructed.

Published vesting period

100 epochs · about 25 days

vesting_epochs is 100 from epoch 0. At a six-hour cadence this is 25 nominal days. A scheduled vesting model is not proof of immediately transferable balances or sellable market liquidity.

Different verification gates

4 grading quorum · 5 attestations

grade_quorum is 4, K is 5 and panel_size is 7 in the published configuration. These settings describe different gates. They do not establish that four positive grades alone guarantee standing or a payout.

Published grading allocation setting

1,000 basis points · 10%

grading_pool_bp is 1,000, active from epoch 1. Other eligibility, referral and final-payout settings also apply. This parameter alone does not justify a complete reward-allocation pie chart.

Current referral description

Up to 20% · cap and decay

The homepage describes a 20% share for qualifying referrals, 80% retained by recruits, a bonus capped by the referrer’s own mining, and decay without continued recruitment. Published referral2 settings include max_cut 20, cap_c 1 and halflife 120. Exact units, eligibility, cap ordering and the full effective formula remain under review.

Published swap fee

100 basis points · 1%

The observed offer reports its fee and the net POA received directly. Its fee destination is a treasury address. Do not describe this observed fee as a burn; external-chain transaction fees are separate.

A pool is a budget, not issued supply

For closed epochs 0–7, final rewards total 1,194,003,255.567804 POA, matching the captured status supply at that observation. Their 8-billion-POA scheduled budget was not fully issued. These are historical totals, not a fixed cap; the dated table below includes newer epochs.

Epoch 8: issuance fell as the backlog grew

Epoch 8 closed October 21 at 17:14:38 UTC. Only 22,823,562.359961 POA of its 1-billion pool were issued (2.282356%); 977,176,437.640039 POA remained unissued budget. Eleven recipients had positive final rewards, versus thirteen reward entries including two zeros. The record shows 3 settled cases, 2 passed, and 5,309 pending cases (including 172 appeals); pending entries can originate in earlier epochs. Separately, basis.final_payout.burned reports 832,022,591.486184 POA, not the same as all unissued budget. Neither figure means already-owned coins were destroyed.

PoAScan circulation and valuation are models, not an exit price

At the October 22, 00:39 UTC review, PoAScan modeled 78,121,952.11937234 POA as circulating, with approximately $859.34 circulating value and $13,583.11 attributed to all mined supply based on the first recorded test fill and a current SOL/USD reference. Its published method unlocks each epoch reward gradually over 100 subsequent epochs. This modeled unlocked portion is not proof of unrestricted transferability or willing buyers; the wider mined-supply figure includes locked rewards and is not a fixed future-supply valuation. The public swap interface still said coming soon, and the tracker reported only one completed test. Do not extrapolate its price into realizable exit value.

Epoch 9 closed during maintenance with lower issuance

Epoch 9 closed October 21 at 23:16:26 UTC. Final rewards issued 18,001,425.855510 POA of the 1-billion scheduled pool (1.800143%), leaving 981,998,574.144490 POA unissued. All six reward entries were positive; two cases settled, one passed, and 5,462 remained pending, including 172 appeals. The separate basis.final_payout.burned value is 823,665,240.811154 POA and must not be substituted for total unissued budget. The pending count can include earlier epochs, and the maintenance pause limits what this close says about normal participation.

Epoch 10 missed the nominal close during maintenance

The published 21,600-second cadence placed the next nominal close near October 22 at 05:16:26 UTC. At official status time 07:23:17.112 UTC, status and the closed-epoch export still reported ten closed epochs ending at epoch 9; supply and checkpoint height were unchanged. This establishes a delay of more than two hours in recording an epoch-10 settlement or issuance. It does not establish why the close was delayed, whether epoch-based pending lifetimes or standing decay were paused, or how the first post-maintenance window will be handled.

Count positive payouts explicitly

Epoch 7 contains 105 reward records: 85 positive amounts and 20 zeros. PoAScan’s calculation counts all 105 records as paid. SearchPoA displays positive recipients and reward entries separately so the two measures can be reconciled.

Backlog and payout limits both matter

Epoch 7 records 4,949 pending cases, including 172 appeals; pending cases carry across epochs. Of its 879,467,878.107287 POA unissued budget, basis.final_payout.burned records 733,524,056.090439 POA. Missing grades alone therefore do not explain the total unissued amount. The exact cap calculation remains unverified.

Referral documentation conflicts

The manual still describes three referral levels at 10%, 3% and 1%, while the current homepage describes 20% / 80% with a cap and decay. Epoch notes retain older allocation prose while saying referral2 supersedes propagation. Treat older percentages as historical documentation until the effective rules are reconciled.

1.44 trillion is a conditional budget model

If the initial 1-billion pool halves every 720 epochs indefinitely, its geometric scheduled budget is 1 billion × 720 × 2 = 1.44 trillion POA before rounding and unissued pools. This is a conditional model, not a verified immutable maximum supply. Rule changes and actual issuance matter.

Registered identities include a testnet import

The pinned mainnet genesis has empty allocations and describes 2,006 identities imported from testnet, including 101 established identities. Mainnet registration totals therefore should not be presented as all new mainnet signups or as a count of independent operators.

Swap evidence and market depth are different

One signed test offer, its signed fill and a successful finalized Solana payment establish that a specific exchange completed. The test does not establish broad demand, independent counterparties, a representative price, or how much POA a holder could sell. Product availability must also be checked separately.