{"id":12256,"date":"2026-08-23T13:32:13","date_gmt":"2026-08-23T13:32:13","guid":{"rendered":"https:\/\/cryptonews.uk.com\/?p=12256"},"modified":"2026-08-23T13:32:13","modified_gmt":"2026-08-23T13:32:13","slug":"secret-network-scrt-mint-1-079b-tokens-issued","status":"publish","type":"post","link":"https:\/\/cryptonews.uk.com\/?p=12256","title":{"rendered":"Secret Network SCRT mint: 1.079B tokens issued"},"content":{"rendered":"<p><\/p>\n<div data-single-article-content=\"\">\n<p>Secret Network executed a 1.079 billion-SCRT mint on Aug. 21 as backers of Proposal 365 moved to keep the Cosmos-based layer 1 operating ahead of SCRT Labs\u2019 Sept. 1 support cutoff.<\/p>\n<p>Proposal 365 passed and scheduled the v1.26.0-community-continuance upgrade for block 26,790,327. Results from that block record the full mint as a finalize-block upgrade event, with no normal user transaction or mint transaction hash.<\/p>\n<p>After the upgrade, the live secret-4 node reported software version 1.26.0 and reached block 26,806,270. Those observations establish that the upgrade ran and block production continued, while the proposal still leaves development, infrastructure and validator participation dependent on community execution.<\/p>\n<div class=\"cs-article-embed\">\n<p> <span class=\"cs-article-embed__related-reading\">Related Reading<\/span><\/p>\n<h3 class=\"cs-article-embed__title\">Validators shut down as Secret Network struggles with leadership<\/h3>\n<\/p>\n<p> <span class=\"cs-article-embed__arrow\" aria-hidden=\"true\"> <i class=\"fa-light fa-arrow-up-right\"\/> <\/span> <\/div>\n<p>The continuance plan\u2019s worked example used 361.97 million existing SCRT, about 25.1% of an estimated 1.441 billion post-mint total. A later bank-supply response showed 1.44346 billion SCRT. That live total includes the actual pre-upgrade supply and continuing inflation, while the block results establish the one-time mint at exactly 1.079 billion SCRT.<\/p>\n<p>Existing holders kept their absolute balances on the same chain, but the additional supply reduced their collective share to roughly one quarter of the total.<\/p>\n<p>The mint assigned 299 million SCRT each to foundation and core-development programs, 178 million to an ecosystem fund, and 72 million each to advisors, research and development, and validators. Builders and relayers received 43 million, while 44 million went to remediation. The v1.26 economics made 308.4 million SCRT liquid on day one and set ongoing inflation at 5%.<\/p>\n<aside id=\"cs-inline-newsletter-1\" class=\"cs-inline-newsletter\" data-inline-newsletter=\"\" data-newsletter-placement=\"article-midpoint\" data-newsletter-pending-label=\"Joining\u2026\" data-newsletter-pending-status=\"Joining the Daily Brief\u2026\" data-newsletter-email-required-message=\"Before sending, please provide your email address.\" aria-labelledby=\"cs-inline-newsletter-1-title\" aria-describedby=\"cs-inline-newsletter-1-copy\">\n<div class=\"cs-inline-newsletter__inner\">\n<div class=\"cs-inline-newsletter__content\"> <span class=\"cs-inline-newsletter__eyebrow\"> <i class=\"fa-regular fa-envelope\" aria-hidden=\"true\"\/> The Daily Brief <\/span><\/p>\n<h2 id=\"cs-inline-newsletter-1-title\" class=\"cs-inline-newsletter__title\">The signal, before the noise.<\/h2>\n<p id=\"cs-inline-newsletter-1-copy\" class=\"cs-inline-newsletter__copy\">Start your day with the crypto stories moving markets, decoded by CryptoSlate\u2019s editors.<\/p>\n<\/div>\n<div class=\"cs-inline-newsletter__form-shell\">\n<p class=\"cs-inline-newsletter__form-heading\">One email. Everything that matters.<\/p>\n<p id=\"cs-inline-newsletter-1-privacy\" class=\"cs-inline-newsletter__privacy\">Free to join. Unsubscribe any time.<\/p>\n<p> <i class=\"fa-regular fa-circle-xmark\" aria-hidden=\"true\"\/> <span>Whoops, looks like there was a problem. Please try again.<\/span><\/p>\n<p> <i class=\"fa-regular fa-circle-check\" aria-hidden=\"true\"\/> <span><strong>You\u2019re on the list.<\/strong> Your next Daily Brief is on its way.<\/span><\/p>\n<\/div>\n<\/div>\n<\/aside>\n<p><img fetchpriority=\"high\" decoding=\"async\" class=\"aligncenter wp-image-557271\" src=\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2026\/08\/exec-37329cf4-94ee-4531-9c3d-60c296d0677a.png\" alt=\"Secret Network 1.079 billion SCRT continuance mint allocation and supply infographic\" width=\"720\" height=\"1024\"\/><img decoding=\"async\" class=\"lazyload aligncenter wp-image-557271\" src=\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2026\/08\/exec-37329cf4-94ee-4531-9c3d-60c296d0677a.png\" alt=\"Secret Network 1.079 billion SCRT continuance mint allocation and supply infographic\" width=\"720\" height=\"1024\"\/><\/p>\n<div class=\"cs-article-embed\">\n<p> <span class=\"cs-article-embed__related-reading\">Related Reading<\/span><\/p>\n<h3 class=\"cs-article-embed__title\">Privacy coin projects denounce Binance delisting<\/h3>\n<\/p>\n<p> <span class=\"cs-article-embed__arrow\" aria-hidden=\"true\"> <i class=\"fa-light fa-arrow-up-right\"\/> <\/span> <\/div>\n<h2>Sept. 1 shifts responsibility to community backers<\/h2>\n<p>Secret Network voters rejected Proposal 360, SCRT Labs\u2019 signaling proposal for an Arbitrum snapshot. The rejection means the snapshot terms did not receive an on-chain community mandate.<\/p>\n<p>Under that proposed plan, native wallet SCRT and staked or unbonding SCRT would have been counted. It would have excluded private tokens such as sSCRT, bridged SCRT, contract and liquidity-pool balances, IBC tokens on Secret, and other SNIP-20 tokens. Those were proposed eligibility rules rather than current loss conditions on the native chain.<\/p>\n<div class=\"cs-article-embed\">\n<p> <span class=\"cs-article-embed__related-reading\">Related Reading<\/span><\/p>\n<h3 class=\"cs-article-embed__title\">Privacy is coming to the Inter-Block Communication network via Secret Network collaboration<\/h3>\n<\/p>\n<p> <span class=\"cs-article-embed__arrow\" aria-hidden=\"true\"> <i class=\"fa-light fa-arrow-up-right\"\/> <\/span> <\/div>\n<p>SCRT Labs said before the vote that it would conclude development and related support for the Cosmos-based L1 on Sept. 1 regardless of the outcome. Its statement did not schedule a chain shutdown: continued operation depends on validators maintaining enough staking power and community backers assuming the technical workload.<\/p>\n<p>The mint therefore gives the continuity effort resources and aligned incentives. Sept. 1 will begin the harder test of whether those allocations can support durable maintenance, development and validator participation.<\/p>\n<\/div>\n<p>Featured,Governance#Secret #Network #SCRT #mint #1.079B #tokens #issued1787491933<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Secret Network executed a 1.079 billion-SCRT mint on Aug. 21 as backers of Proposal 365 moved to keep the Cosmos-based layer 1 operating ahead of SCRT Labs\u2019 Sept. 1 support cutoff. Proposal 365 passed and scheduled the v1.26.0-community-continuance upgrade for block 26,790,327. Results from that block record the full mint as a finalize-block upgrade event,<\/p>\n","protected":false},"author":1,"featured_media":12257,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[8],"tags":[6454,1899,56,605,6453,635,234],"class_list":["post-12256","post","type-post","status-publish","format-standard","has-post-thumbnail","category-ethereum","tag-1-079b","tag-issued","tag-mint","tag-network","tag-scrt","tag-secret","tag-tokens"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.6 (Yoast SEO v26.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Secret Network SCRT mint: 1.079B tokens issued - Crypto News: Latest Cryptocurrency News and Analysis<\/title>\n<meta name=\"description\" content=\"Secret Network\u2019s SCRT mint issued 1.079B tokens to fund community maintenance of its Cosmos-based layer 1 ahead of SCRT Labs\u2019 Sept. 1 support cutoff.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cryptonews.uk.com\/?p=12256\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Secret Network SCRT mint: 1.079B tokens issued\" \/>\n<meta property=\"og:description\" content=\"Secret Network\u2019s SCRT mint issued 1.079B tokens to fund community maintenance of its Cosmos-based layer 1 ahead of SCRT Labs\u2019 Sept. 1 support cutoff.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/cryptonews.uk.com\/?p=12256\" \/>\n<meta property=\"og:site_name\" content=\"Crypto News: Latest Cryptocurrency News and Analysis\" \/>\n<meta property=\"article:published_time\" content=\"2026-08-23T13:32:13+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/cryptonews.uk.com\/wp-content\/uploads\/2026\/08\/scrt-continuance-under-pressure.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1280\" \/>\n\t<meta property=\"og:image:height\" content=\"720\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"\u884c\u653f\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"\u884c\u653f\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/cryptonews.uk.com\/?p=12256\",\"url\":\"https:\/\/cryptonews.uk.com\/?p=12256\",\"name\":\"Secret Network SCRT mint: 1.079B tokens issued - Crypto News: Latest Cryptocurrency News and Analysis\",\"isPartOf\":{\"@id\":\"https:\/\/cryptonews.uk.com\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/cryptonews.uk.com\/?p=12256#primaryimage\"},\"image\":{\"@id\":\"https:\/\/cryptonews.uk.com\/?p=12256#primaryimage\"},\"thumbnailUrl\":\"https:\/\/cryptonews.uk.com\/wp-content\/uploads\/2026\/08\/scrt-continuance-under-pressure.jpg\",\"datePublished\":\"2026-08-23T13:32:13+00:00\",\"author\":{\"@id\":\"https:\/\/cryptonews.uk.com\/#\/schema\/person\/822778c5844e0d16d43dce6630f4f1bf\"},\"description\":\"Secret Network\u2019s SCRT mint issued 1.079B tokens to fund community maintenance of its Cosmos-based layer 1 ahead of SCRT Labs\u2019 Sept. 1 support cutoff.\",\"breadcrumb\":{\"@id\":\"https:\/\/cryptonews.uk.com\/?p=12256#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/cryptonews.uk.com\/?p=12256\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/cryptonews.uk.com\/?p=12256#primaryimage\",\"url\":\"https:\/\/cryptonews.uk.com\/wp-content\/uploads\/2026\/08\/scrt-continuance-under-pressure.jpg\",\"contentUrl\":\"https:\/\/cryptonews.uk.com\/wp-content\/uploads\/2026\/08\/scrt-continuance-under-pressure.jpg\",\"width\":1280,\"height\":720},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/cryptonews.uk.com\/?p=12256#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/cryptonews.uk.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Secret Network SCRT mint: 1.079B tokens issued\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/cryptonews.uk.com\/#website\",\"url\":\"https:\/\/cryptonews.uk.com\/\",\"name\":\"Crypto News: Latest Cryptocurrency News and Analysis\",\"description\":\"Latest Crypto &amp; 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