Information about Coin rate limitations / throttling / flow controls
Flow control is a mechanism that restricts the amount of coins that can be transferred from one user to another, or converted to $RLY and bridged out. All users on the platform are subject to the same flow controls including creators.
There is an exception in the case where a user is transferring coins to the Coin’s creator; there are no flow control limits in that scenario.
Flow controls are governed by two main levers:
- A maximum allowance amount defined as 5% of the total Coin supply of any Coin over 30 days (applies to the entire Coin economy)
- Individual accrual toward that maximum allowance over 30 days (defined per user)
Flow controls are triggered for individual Coins upon your first purchase of that Coin whether that is a fraction of a Coin, 1 Coin or a 100 Coin purchase.
The flow control calculation tracks the last time a user performed an action and what their allowance was at the time of that action. Each time a sale or transfer is completed, that amount is deducted from the user's available allowance for that coin and they continue to accrue up to the maximum amount.
When the user returns in the future to perform another action, their current allowance is calculated based on the time that has passed since their last action, their allowance at that time, and the total supply of Coins.
To figure out your allowance limit, go to any Coin you own and select either Convert,, or Send. When the pop up window opens, you will see an "Up To" amount - this is how much you are currently able to send or convert based on the flow control calculation and your current balance of that Coin (whichever number is lower).
Example screenshot (test coin)
In the above example, the user has a flow control limit of 6,434 $MONT1 Coins. This means they can send up to this amount as a single transaction or as many smaller transactions.
The “Up To” amount may vary from day to day as accruals occur, transactions are completed, and the total circulating supply of the Coin changes.
Unless your community is extremely large or the amount per Supporter you are looking to giveaway is very high, usually within a couple of days after launch, you should have enough of an allowance that you can complete your giveaway.
If your community is large or the amount per Supporter is higher than average, you may need to wait an appropriate amount of time post launch (~1 week post launch).
You can also look to do the giveaway over a period of time which would allow you to operate within your allowance amount and give you more time for your allowance amount to bounce back earlier giveaways.
You can also look at making an At-Launch Purchase to help with your giveaway (to read more, click here).
For creators on the V1 TBC, the total genesis amount is 50,000 Coins that are vested over the course of 10 months at 10% every month.
Creators are subject to the same flow control calculations as all other users so you’ll typically need to wait at least a couple of days to accrue enough allowance (the accrual rate is approximate rate of ~7 Coins / hour at 100,000 circulating supply). After about 1 week, you should be at the maximum 5% limit. Keep in mind that your flow controls are calculated against total Coin supply which includes the minted but unvested genesis block (50,000).
For creators on the V2 TBC, the total genesis amount is 5 million Coins that are vested at up to 3% per month from launch to the end of Year 3 and based on growth milestones. Creators will receive 50,000 of that 5 million total supply immediately upon launch that is already vested.
Creators are subject to the same flow control calculations as all other users so you’ll typically need to wait at least a couple of days to accrue enough allowance (the accrual rate is approximately ~8,000 Coins / hour at 5 million circulating supply). After about 1 week, you should be at the maximum 5% limit.
Keep in mind that your flow controls are calculated against total Coin supply which includes the minted but unvested genesis block (5 million).
Note: the max amount for Coins on the V2 TBC will be larger numbers since the total circulating supply is generally about 10x compared to the V1 TBC supply.
For new users to Rally or users who are buying a particular Coin for the first time, your allowance will start accruing after your first purchase of the Coin.
If you want to use those Coins to purchase a NFT, send the creator a donation, or purchase a campaign, you can do so immediately after receiving your Coins. There is no time limit or allowance since this goes back to the Coin’s creator.
If you want to send Coins to another user (not the Coin’s creator) or convert a Coin to $RLY in order to purchase another creator’s Coin or to bridge out, there will be flow controls in place. Depending on the amount of Coins you have purchased, you’ll typically need to wait at least a couple of days to accrue enough allowance. After about 1 week, you should be at the maximum 5% limit.
If you have purchased Coins more than 1 week ago, you can immediately convert your Coin holdings into $RLY up to your flow control allowance (typically capped by the amount you hold or the max 5% limit, whichever number is lower). Please be aware that converting out of a creator’s Coin may incur a Creator Fee on every convert transaction. To read more about Creator Fees, see here.
After you convert out of your Coin holdings, if you still have some Coins left, your flow control allowance will begin accruals once again. If you have zero Coins left, you will need to repurchase Coins to build up your allowance in that Coin again.