Tokens released into the Network Expansion Pool do not count as circulating supply unless and until they are allocated for a specified purpose. The Network Expansion Pool represents 35.5% of the total MNTx supply, 177,500,000 tokens, held in reserve to fund strategic growth activities. Until a portion of that pool is deployed for a defined use, it sits outside the circulating supply figure entirely. This means it has no effect on the burn calculation and does not dilute the staking ratio.

Unclaimed User Rewards

User rewards that have been generated but not yet claimed by callers and receivers are also excluded from the circulating supply figure until the moment they are claimed. Rewards accumulate in non-custodial wallets assigned to phone numbers appearing on the network, but they do not enter the circulating supply calculation until a participant actively claims them.

Why This Matters

These exclusions materially affect how the staking ratio should be read. The circulating supply figure used in the burn formula is smaller than the total tokens in existence at any given time. A higher proportion of that adjusted supply is therefore staked than a raw token count would suggest, which produces a lower burn rate and more favourable distribution outcomes for stakers.

For anyone analysing the token economy, burn dynamics, or staking ratios, these adjustments are essential context. Figures that do not account for them will overstate the circulating supply, understate the staking ratio, and miscalculate the burn rate.