No. The genesis block coinbase pays to a provably-unspendable burn script. Run the official `malairte-cli getblock 0` against any node to verify it for yourself. There is no founders' allocation, no ICO, no developer-held wallet credited at launch.

Is the 10-atom protocol fee a premine?

No, structurally it is not. A premine is a one-time allocation given to the team at launch. The 10-atom protocol fee is an ongoing per-transaction and per-coinbase fee — every block, every transaction, forever. It is auditable on-chain in real time, the recipient address is hardcoded into consensus, and the inflows are tiny: ~7,200 atoms per day from coinbase (0.000072 MLRT), scaling with transaction volume.

Who controls the treasury address?

The Malairte Project (Irish-registered entity, named team lead). The address itself is hardcoded into the consensus rules — the same code every node runs. Spending policy is documented publicly and outflows are visible on the explorer.

Why a treasury fee at all? Why not voluntary donations?

Most fair-launch coins (Grin, Monero) are perpetually under-resourced because voluntary donations are unreliable. Most well-funded coins (Zcash, Decred) have a premine or founders' reward that becomes a permanent reputation tax. The 10-atom-per-event protocol fee is a third path: predictable funding without an upfront concentration of supply.

How do I verify the no-premine claim?

Two ways. (1) Inspect the genesis block: the coinbase output's scriptPubKey is a provably-unspendable OP_RETURN-style burn — anyone running a node can verify. (2) Audit every coinbase address from blocks 1-N on the public block explorer; team addresses (if any are ever disclosed) can be cross-referenced against this list.

What is the supply schedule?

Block reward starts at 50 MLRT, halves every 210,000 blocks (~9.6 months at the 2-minute target block time). Approximately 50% of supply is mined in the first 9.6 months; ~99% by year 5.6; effectively all of it (down to single-atom rewards) by year 26. Hard cap: 21,000,000 MLRT.

Where is the project legally registered?

Malairte Project Limited, registered in Ireland. The company registration number is publicly searchable in the Irish Companies Registration Office. EU jurisdiction, MiCA-compliant.

Was the network secured during early bootstrap?

Yes. The chain launched with a higher-than-trivial initial difficulty seeded into the genesis to discourage low-cost 51% attacks during the early hashrate flux period. A signed-checkpoint period covers the first ~30 days; the checkpoint key will be burned publicly when sunset hits. Recommended exchange confirmation count is 30 blocks for the first 90 days; 6 blocks thereafter.

Verifiable Attestation

Fair launch. No premine.

Every MLRT in circulation has been mined since the genesis block. No premine, no ICO, no founders' allocation. The genesis block coinbase pays to a provably-unspendable burn script — verify it yourself in 30 seconds.

✓ No premine ✓ No ICO ✓ No founders' allocation ✓ Transparent treasury fee

Verify in 30 Seconds

Don't trust us — verify yourself

1. Inspect the genesis block

Run the official CLI against any Malairte node:

malairte-cli getblock 0

The single coinbase output's scriptPubKey is a burn script — provably-unspendable by any private key.

2. Or use the explorer

Open the genesis block on the public explorer:

explorer.malairtebitcoin.com/block/0

The coinbase address shown is unspendable — you'll see no transactions ever spending from it.

3. Audit subsequent blocks

Every coinbase address from block 1 onward is public. None are project-controlled.

explorer.malairtebitcoin.com/blocks

If we ever disclose team-held addresses, they can be cross-referenced against this audit trail.

Transparent Funding

The 10-atom protocol fee — what it is, what it isn't

Malairte's consensus rules require every coinbase output and every non-coinbase transaction to include a 10-atom (0.0000001 MLRT) output to a hardcoded admin/treasury address. This funds ongoing development without a premine, ICO, or developer tax.

Unlike Zcash's founders' reward (controversial because it concentrated 20% of supply early) or Dash's masternodes (controversial for the masternode-collateral concentration), our funding is:

• Tiny per event — 0.0000001 MLRT (vs. block reward 50 MLRT, that's 1 part in 500 million)
• Per-event, not upfront — accumulates with usage; no concentrated allocation
• Auditable — every fee output is on-chain forever
• Hardcoded — the treasury address is part of consensus; nodes reject blocks/txs without it

Treasury spending policy:

• Spent only on listed exchanges, audits, infrastructure, and developer bounties
• Minimum 30-day public notice before any single spend > 1,000 MLRT
• Monthly signed report from the project lead (PGP-signed, published on the website)
• Live treasury balance + outflow log at /treasury

Daily inflow at current network usage: ~7,200 atoms (0.000072 MLRT) from coinbase, scaling up as transaction volume grows.

Tokenomics

Supply schedule

Halving	Block reward	Cumulative supply	% of 21M	Approx time from genesis
1	50 → 25 MLRT	10,500,000	50%	~9.6 months
2	25 → 12.5 MLRT	15,750,000	75%	~1.6 years
3	12.5 → 6.25 MLRT	18,375,000	87.5%	~2.4 years
4	6.25 → 3.125 MLRT	19,687,500	93.75%	~3.2 years
5	3.125 → 1.5625 MLRT	20,343,750	96.9%	~4.0 years
7	0.78125 → 0.39 MLRT	20,835,937	99.2%	~5.6 years
10	~0.05 MLRT	20,979,492	99.9%	~8.0 years
33	reward → 0	~21,000,000	100%	~26 years

Block time target: 120 seconds. Halving interval: 210,000 blocks. Hard cap: 21,000,000 MLRT (8 decimals = 2,100,000,000,000,000 atoms). After all coins are mined, miners are incentivized solely by transaction fees.

Fair Launch FAQ

Questions about the launch

See for yourself

Audit the chain

Every coinbase, every transaction, every block — public and verifiable.

Open the block explorer Run a node yourself