I believe (off the top of my head) if we start with 100m, Year 1 another 100m is created, and every year after that until in year 4 or 5 there is a reverse split, reverting supply back to 100m. I will have a look at the white paper and get back to you later @saknan
Better yet, have a read through it yourself. Worth spending the time...
Does a reverse split mean it goes deflationary? What exactly does that imply?
I think they just merge 4-5 shares into 1. But the price will increase accordingly. One off shock, not deflation.