# The Economy of Aleph Zero

The Initial Circulating Supply was set at 160M AZERO. The current total supply of AZERO is available on [Subscan](https://alephzero.subscan.io/), labeled “total issuance.” After the Aleph Zero community voted in mid 2024, [an exponentially decreasing annual rate of inflation was chosen](https://alephzero.org/blog/fundamentals-aleph-zero-inflation-mechanism/). This came into effect on October 14th, 2024. For the first year, 27M coins will be emitted and this number will be reduced every year until the community-agreed max supply (520M coins) is reached. 10% of the emitted coins go to the ecosystem growth fund and 90% distributed to the nominators.

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#### The history of AZERO

During the pre-seed funding round in 2018, the project issued AZERO coins to contributors via a Simple Agreement for Future Tokens (SAFT) basis at $0.04 and distributed 16,667% of the coins. Approximately 50% of these coins were unlocked at the Token Generation Event (TGE, or mainnet launch in other words), with the remaining 50% vested for 15 months.

The seed round resulted in 16,667% of the coins being distributed, with the difference that 71,42% were unlocked at TGE and 28,57% were vested for a period of 6 months. For this round, the tokens were priced at $0.057.

A special Early Community round distributed 5% of the tokens. These tokens in their entirety were vested for a period of between 14-64 days following the mainnet launch. For the duration of this round, the tokens were valued at $0.07.

The public presale that occurred next resulted in the further distribution of 18,33% of the total token supply. These coins were vested for a period of 12 months.

Finally, the public sale that took place in 2021 was priced at $0.10 per coin (150% higher than the pre-seed price). All of the coins distributed in this round have been unlocked upon TGE.

[Learn more about the role of inflation in Aleph Zero](https://alephzero.org/blog/fundamentals-aleph-zero-inflation-mechanism/)