Release Structure
AMMO has never had an ICO. The rules for issuing new AMMO are written into the code, and anyone can read them in the source.
Apart from one reserve that pays back v1.0 holders, new AMMO is created only in new blocks, made by the people who secure the network: stakers and masternode operators. Since v1.1.1 that is done with Proof of Stake, by people who hold and run AMMO, not by mining farms.
Issuance rules in the code (v1.1.1)
v1.0 airdrop reserve
250,000,000 AMMO
Block 1 of the v1.1 chain holds a one-time 250,000,000 AMMO reserve. It is set aside to airdrop v1.0 balances (snapshot at v1.0 block 434,881) to the same addresses. See Migration.
New blocks
Declining schedule set in the code
How much new AMMO each block creates is set by GetBlockValue in the source code and steps down at fixed block heights. Proof of Stake starts at block 2,776; blocks come about every 3 minutes (about 480 a day).
Each block's new AMMO is split between the staker who made it and the masternode paid for that block, as the code sets.
Treasury
Superblock every 43,200 blocks
About every 90 days a budget superblock pays the proposals that masternode operators voted to fund. This is how development, promotion and community work get paid.
The code also sets an absolute ceiling of 9,999,999,999 AMMO that no amount can exceed. It is a safety limit, not a supply target: actual issuance is the reserve plus the new AMMO in each block.
How to take part
Stake: hold AMMO in your own wallet, or cold stake it through a server, to help make new blocks. Coins stake after 600 confirmations.
Run a masternode: keep 10,000 AMMO collateral in your own wallet and run a server with a public IP. See Become an AMMOmaster.
Build or promote: AMMOgeeks and AMMOfreaks are recognized mainly from the contributor reserve held by the QuarterMaster reserve (see below). Separately, anyone can ask the on-chain treasury to fund their work through a budget proposal that masternode operators vote on.
GLiBz: NUGGETS that come from activity on GLiBz can be swapped for AMMO at the current GLiBz swap rate (tiered and capped), or redeemed toward a SPARTAN-300 or PATRIOT-2000 position. Only NUGGETS from activity count.
Masternode tiers: FOUNDING-50, SPARTAN-300, PATRIOT-2000
The goal has not changed since day one: AMMO spread as widely as possible, with the network secured by as many independent masternode operators as possible, and no corporate or elite gatekeepers. To get there, the AMMOcoin project runs a structured release of masternode positions in three tiers.
How it works: the tiers are an off-chain distribution program run by the AMMOcoin project. They are not a consensus rule and nothing in the code reserves them. The AMMO for them is held and controlled by the QuarterMaster reserve (the project's reserve wallets, named after QuarterMaster, the GLiBz/AMMOcoin host). It is funded from the 250,000,000 AMMO block-1 reserve after the v1.0 balance airdrop is paid, together with voluntary pledges from the founding contributors who hold the largest v1.0 balances: the airdrop to v1.0 holders comes first.
Never sold: no tier position can be paid for with cash. SPARTAN-300 and PATRIOT-2000 positions are redeemed with NUGGETS that come from activity on GLiBz (NUGGETS paid for with cash or AMMO do not count), FOUNDING-50 is by invitation, and the QuarterMaster can also award positions directly. Rank and account-age requirements apply; details on GLiBz.
The structured release targets 2,350 masternode positions:
FOUNDING-50
50 positions
In progress
Positions allocated: — / 50
POSITIONS
50 positions, each with enough collateral for up to 20 masternodes.
WHO
Founders, developers and the core teams who build and run the network, its wallets, explorers and sister sites.
AVAILABILITY
Not offered to the public. By invitation only.
SPARTAN-300
300 positions
Opening with the v1.1.1 launch
Positions allocated: — / 300
POSITIONS
300 positions, each with enough collateral for 3 masternodes.
WHO
The first outside adopters: AMMOgeeks, AMMOfreaks and GLiBz members.
AVAILABILITY
On GLiBz: redeem NUGGETS that come from your activity on the site toward a position. Cash and paid-for NUGGETS cannot be used. Also by direct QuarterMaster award.
PATRIOT-2000
2,000 positions
Opens after SPARTAN-300 is fully allocated
Positions allocated: — / 2,000
POSITIONS
2,000 positions, each exactly one masternode's collateral.
WHO
Anyone who wants to help verify and secure the AMMO blockchain as an AMMOmaster. The widest, most diverse tier.
AVAILABILITY
Opens after SPARTAN-300 is fully allocated. Redeemed on GLiBz with NUGGETS from activity only (never cash or paid-for NUGGETS), or by direct QuarterMaster award.
Setup help: a tier position can include optional help setting up the masternode on your own Linux server or cloud VPS. You keep the keys and run the node. The steps are on Become an AMMOmaster and AMMOnode, and the install-node.sh installer does most of the work.
What a position does, in code terms: a masternode with 10,000 AMMO collateral takes its turn in the payment queue, serves the network and votes on treasury proposals. AMMO you hold can also stake and help make new blocks. Nothing more is promised: how often a node takes part depends on how many masternodes and stakers are on the network and on keeping your node online.
AMMOgeek & AMMOfreak contributor reserve
Contributors & promoters
Held by the QuarterMaster reserve
Awarded so far: —
A further reserve, also held by the QuarterMaster reserve, is earmarked for people who expand the network (AMMOgeeks) and people who promote it in their own circles (AMMOfreaks). Awards are made for contributions such as code, nodes, tools, content and campaigns.
This reserve is the primary source of AMMOgeek and AMMOfreak awards. It is separate from the on-chain treasury, which pays only the budget proposals that masternode operators vote for. Anyone, contributors included, can also submit a budget proposal as an additional route.
Where and how: GLiBz is the main place to take part: redeem NUGGETS that come from your activity toward a tier position. Direct QuarterMaster awards and community campaigns will be announced on this site and AMMOcoin's social channels.
Please note: tier positions and awards may not be available in every jurisdiction. Rank and account-age requirements apply; full terms are on GLiBz. Nothing on this page is an offer to sell anything or a promise of any return or price.