369 NEV per block, halving every 437,000 blocks, clamped so total issuance reaches the cap exactly. Every NEV either exists at genesis or gets mined.
Newest first. Fork choice is by accumulated work, not height — a shorter branch carrying more work wins.
36,900,000 NEV — 9.99% of the cap — unspendable until 28 July 2039.
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