> For the complete documentation index, see [llms.txt](https://docs.junonetwork.io/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.junonetwork.io/juno/economic-overview/incentive-structure.md).

# Incentive structure

### Reward Schedule <a href="#id-8ab1" id="id-8ab1"></a>

{% hint style="info" %}
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).
{% endhint %}

⚪️ **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


---

# Agent Instructions
This documentation is published with GitBook. GitBook is the documentation platform designed so that both humans and AI agents can read, navigate, and reason over technical content effectively. Learn more at gitbook.com.

## Querying This Documentation
If you need additional information that is not directly available in this page, you can query the documentation dynamically by asking a question.

Perform an HTTP GET request on the current page URL with the `ask` query parameter, and the optional `goal` query parameter:

```
GET https://docs.junonetwork.io/juno/economic-overview/incentive-structure.md?ask=<question>&goal=<endgoal>
```

`ask` is the immediate question: it should be specific, self-contained, and written in natural language.
`goal` is optional and describes the broader end goal you are ultimately trying to accomplish on behalf of the user. GitBook uses it to tailor the answer towards what is most useful for that goal.

The response will contain a direct answer to the question and relevant excerpts and sources from the documentation.

Use this mechanism when the answer is not explicitly present in the current page, you need clarification or additional context, or you want to retrieve related documentation sections.