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QRL tokenomics and supply

Where QRL comes from — the 105M cap, the genesis allocation, mining emission, and how QRL 2.0 issuance differs.

6 min readUpdated 2026-06-20

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"How many QRL are there, and where do they come from?" is one of the most common questions a holder asks. The answer spans both chains and a bit of history.

The 105 million cap

QRL Legacy has a maximum supply of 105 million QRL. New coins are released gradually as mining rewards on a decaying emission schedule — a lot early on, tapering over time, so the supply approaches the cap slowly rather than all at once.

That cap hasn't been reached. As of mid-2026, roughly 79.9 million QRL existed. The gap between ~79.9M and 105M is supply still to be emitted through future mining.

Where the supply comes from

QRL's supply has two sources:

  1. Genesis allocation (~65 million). When QRL Legacy launched in 2018, it started with about 65 million QRL already allocated — largely a migration of holders from an earlier ERC-20 token into the new quantum-resistant chain. This is recorded in the genesis block.
  2. Mining emission (from a pool of ~40 million). The rest is released over time as block rewards to miners, following the decaying schedule.

So today's ~79.9M is roughly the 65M genesis plus the mining emitted so far. The emission schedule controls how fast the remainder arrives.

A note on how this explorer counts: the 65M genesis is treated as the chain's starting supply, and the mining timeline tracks issuance after genesis — so genesis isn't double-counted as a one-day mining spike. That's why our supply figure lines up with the real circulating amount rather than overshooting the cap.

QRL 2.0 issuance is different

QRL 2.0 is Proof-of-Stake, so its issuance model is not mining at all:

  • New value is paid to validators as staking rewards, which reach them through withdrawals.
  • Migrated QRL appears on QRL 2.0 as a genesis allocation / claim — existing value moved across via the migration, not freshly minted coins. It should never be counted as new issuance.

This distinction matters for reading cross-chain supply charts: mining emission (Legacy) and staking rewards (QRL 2.0) are genuine new issuance, while migrated balances are a transfer of value that already existed.

Seeing it on the explorer

The supply page brings these threads together into a cross-chain view, and the richlist shows how that supply is distributed across addresses. Amounts are normalised so the two chains can be compared on the same scale — see units: Shor, Quanta and Planck.

Where to go next

FAQ about QRL tokenomics and supply

Common questions about this page
What is the maximum supply of QRL?
QRL Legacy has a maximum supply of 105 million QRL, emitted on a decaying schedule. As of mid-2026, roughly 79.9 million existed — the cap has not been reached.
Where did the initial QRL supply come from?
QRL launched in 2018 with a genesis allocation of about 65 million QRL, largely from a token migration of holders from an earlier ERC-20 token. The remainder is emitted gradually as mining rewards from a pool of around 40 million.
How is QRL 2.0 supply different?
QRL 2.0 is Proof-of-Stake, so new issuance comes from staking rewards (paid as withdrawals) rather than mining. Migrated QRL appears on QRL 2.0 as a genesis allocation / claim, not as freshly minted coins.
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