 # Incentive structure

### Reward Schedule

The Juno rewards model distributes a fixed amount of \$juno per block, which is calculated by the network and depends on the inflation rate as well as network block time. Variation in the network block time will cause variation in the calculable annual percentage rate (APR).
⚪️ Phase 1: Fixed inflation 40%
New Juno in year 1 = (+25.961.297)
Total supply after year 1 = 90.864.540 \$JUNO
⚪️ Phase 2: Fixed inflation 20%
New Juno in year 2 = (+18.172.908)
Total supply after year 2 = 109.037.449 \$JUNO
⚪️ Phase 3: Fixed inflation 10%
New Juno in year 3= (+10.903.744)
Total supply after year 3 = 119.941.194 \$JUNO
Once the inflation reaches 10% it gradually reduces on a fixed 1% basis each year.
⚪️ Phase 4 = Fixed 9% (+10.794.707) Total supply = 130.735.901 \$JUNO
⚪️ Phase 5 = Fixed 8% (+10.458.872) Total supply = 141.194.773 \$JUNO
⚪️ Phase 6 = Fixed 7% (+9.883.634) Total supply = 151.078.407 \$JUNO
⚪️ Phase 7 = Fixed 6% (+9.064.704) Total supply = 160.143.112 \$JUNO
⚪️ Phase 8 = Fixed 5% (+8.007.155) Total supply = 168.150.267 \$JUNO
⚪️ Phase 9 = Fixed 4% (+6.726.010) Total supply = 174.876.278 \$JUNO
⚪️ Phase 10 = Fixed 3% (+5.246.288) Total supply = 180.122.566 \$JUNO
⚪️ Phase 11 = Fixed 2% (+3.602.451) Total supply = 183.725.018 \$JUNO
⚪️ Phase 12 = Fixed 1% (+1.837.250) Max supply = 185.562.268 \$JUNO