Founder holdings · published 16 October 2026
Every coin was mined. Here is how many the founder mined.
Monzero has no premine, no ICO and no developer fee. Every XMZ in existence was created by proof-of-work mining. But before anyone else was mining, the founder's own machines mined most of the blocks, so the founder holds a large share of the coins that exist today. This page says how much, how to check it, and what the founder will and will not do with those coins. It is updated monthly.
The numbers
About one fifth of all XMZ mined so far.
| Block height | 9,838 |
|---|---|
| All XMZ mined so far, by everyone | ≈ 1,859,143 XMZ |
Founder wallet GenesisWallet1 | 376,052.80 XMZ |
| Founder share of all XMZ mined | 20.2% |
Two small development test wallets ("mztest") also received early test mining. Their balances will be added in the first update, together with the view key and reserve proof below.
How the founder's coins were mined
Private bootstrap, from 25 August 2026. The founder's computers and test machines mined most blocks while the network was being tested, before any public announcement.
Pool launch, 16 October 2026. 17 blocks (heights 9,038–9,052 and 9,122–9,124, 3,155.08 XMZ) were found by the founder's miner while testing the new Monzero Pool, and paid out through the pool like any miner's.
Ongoing. The founder still mines on the pool. Since 16 October, independent miners provide most of the network's hash rate, so the founder's share of all XMZ is falling with every block.
Check it yourself
Verifiable, not just stated.
Founder address
FRJ2nMKxwd94nsgTLnjpJ77d3gZ2X5NxdUkTcFXuoNaWSQBNp5syt7dcwVsGPYP6vE1hyuLQcVgTtHKkNBUhpJoENAhsryR
Pool payments to this address are listed with their transaction IDs on pool.monzero.org, and every pool block can be looked up in the explorer.
View key and reserve proof
A view key lets anyone load the founder wallet as a view-only wallet and see every coin it has received; it cannot spend anything. A reserve proof shows the coins are still there. Both will be published here in the first update.
Once published, check them with monzero-wallet-cli --generate-from-view-key and check_reserve_proof.
Commitments
What the founder will and will not do.
- No selling for 12 months. No founder-mined XMZ will be sold, or moved to any exchange, before 16 October 2027.
- Slow, announced selling after that. At most 2% of the founder's holdings in any month, announced on the project's Bitcointalk thread at least 7 days before.
- Never into a new market. Founder coins will not be sold into any exchange market during its first 90 days.
- A project fund. 10% of the founder's holdings (about 37,605 XMZ) is set aside for the project: an independent security review, bug bounties, node and pool hosting, rewards for early miners and node operators, and test liquidity for the wallet's swap exchange. Every spend will be reported on this page.
- A smaller share of mining. The founder will keep their own mining below one quarter of the network's hash rate, and lower whenever independent miners are active.
- Monthly updates. This page will be updated every month, with a fresh reserve proof once published, until the founder's share of all XMZ falls below 10%.
- No price promises. The founder will never present XMZ as an investment or promise a price.
Why publish this
Early concentration should never be hidden.
Concentration is normal when one person starts a proof-of-work coin. Every block mined by someone else lowers the founder's share, and the commitments above make sure the founder's coins cannot suddenly flood a market. XMZ is experimental, is not listed on any exchange and has no price. Questions are welcome; security reports go to security@monzero.org.