# MEVerse Mining Ecosystem MEVerse genesis block was created on July 22, 2019, and mining began. There was a mainnet 2.0 update on February 18, 2022, and it has boosted the TPS (Transaction per Second) by approximately 28%, maintaining a performance of 9,000 TPS. The MEVerse mining ecosystem was launched with a total mining year plan of 5 years. Total Mining Reward (5 years): 160,000,000 MEV * Year 1: 60,000,000 MEV * Year 2: 40,000,000 MEV * Year 3: 30,000,000 MEV * Year 4: 20,000,000 MEV * Year 5 : 10,000,000 MEV A scheduled amount of MEV will be issued during each mining year, and at the end of each mining year, an equal amount of MEV will be burned from the Foundation Reserve allocation to maintain a total supply of 2 billion. The fifth mining year ended on July 31, 2024 at 12:00 PM, and approximately 10 million (9,999,857) of the MEV mined over the past year were burned (burn tx: ). As a result, MEV coins will remain at a total supply of 2 billion with no further issuance. --- # Agent Instructions: Querying This Documentation If you need additional information that is not directly available in this page, you can query the documentation dynamically by asking a question. Perform an HTTP GET request on the current page URL with the `ask` query parameter: ``` GET https://meversedex.gitbook.io/meverse-dev-docs/meverse-mining-ecosystem.md?ask= ``` The question should be specific, self-contained, and written in natural language. The response will contain a direct answer to the question and relevant excerpts and sources from the documentation. Use this mechanism when the answer is not explicitly present in the current page, you need clarification or additional context, or you want to retrieve related documentation sections.