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Every day, a certain amount of MDTs will be unlocked to earn money. The daily MDT output follows an exponential decline; on the first day of year 3, the daily unlocked MDTs are exactly halved compared to day 1 of MDTs that was available for earning.
The halving timer is calculated using the following formula:
(halving block - the height of the next block) * average time between blocks - the estimated time for the next block to be mined.