Supply limits and rounding
Circulating, burned and lifetime supply, where $SQK is held, and how fractions are kept.
TL;DR
- The 2.1 billion cap limits lifetime minted $SQK, premint included. Burns lower circulating supply but never make room for more issuance.
- Staking holds both staked $SQK and rewards until they're paid.
- Rewards are tracked more precisely than $SQK's smallest unit, and each staker keeps their own fraction until it adds up to a payable unit.
What happens when supply reaches the cap?
Issuance stops. The lifetime cap of 2,100,000,000 $SQK counts the premint and all issuance. Each checkpoint limits its issuance to the remaining capacity, so blocks that complete after the cap is reached issue nothing.
$SQK already issued keeps streaming and stays claimable, and claimed $SQK stays transferable.
Circulating, burned and lifetime supply
The token reports these totals separately:
| Total | What it counts |
|---|---|
| Premint | $SQK minted once at deployment; fixed forever |
| Lifetime minted | The premint plus all $SQK Mining has issued; never above the cap |
| Burned | $SQK destroyed by holders, including exit fees Staking burns |
| Circulating supply | Lifetime minted less burned; the ERC-20 total supply |
A burn lowers circulating supply; lifetime minted stays put, so the cap limits everything ever minted, not what circulates.
Where is unclaimed $SQK held?
In Staking. Mining funds Staking with every $SQK it issues, in the same checkpoint. Staking holds two things:
- Staked principal: the $SQK stakers have staked, including compounded rewards.
- Funded rewards not yet paid out: $SQK still unreleased in the 20-minute stream, plus rewards released to stakers but not yet claimed or compounded.
The SqueekStaking reference documents the exact accounting.
How are fractions of $SQK tracked?
$SQK has 18 decimal places. Staking carries smaller reward fractions forward until they add up to a payable amount. The Staking reference gives the arithmetic.
Fractions stay in Staking through claims and power changes until later earnings make them payable.
Release follows the time the stream has run, so how often a staker is settled doesn't change what they earn. Checkpoint timing does matter: a checkpoint restarts the 20-minute stream, so when power changes it can change who earns the remaining rewards.