Tokenomics

Tokenomic

• Inscription Tick: ethpi

• Total amount of inscriptions: 21,000,000 * 1000

  • PoW: 50% total 21,000,000 * 500

  • DPoS: 50% total 21,000,000 * 500

⚠️ In order to preserve the rarity of this token, we plan to initiate a governance proposal aimed at adjusting the total token supply. Once the predefined supply cap is reached, we reserve the right to prematurely destroy all unmined tokens, effectively ending the mining cycle ahead of schedule. The final decision will be determined by the community through a governance vote.

• Release rules:

All inscriptions are generated by PoW and DPoS without any pre-distribution, maintaining absolute fairness. Initially, a total of 1,000 inscriptions will be produced in each block, and PoW and DPoS will each produce 500 inscriptions in each block. The output is halved every two years. After two halvings, the reward output will be 250 coins per block. Subsequently, the output will continue to be fixed at 3.125% per year until the circulation reaches 100% in the 24th year.

Issue Period (by years)	Per Block Output	Output Amount	Inscription Market circulation Ratio
0-2	1000	5,256,000,000	25.03%
3-4	500	2,628,000,000	37.55%
5-6	250	1,314,000,000	43.8%
7-24（18 years）	250	657,000,000 * 18 （3.125% / year）	100%

In a bid to ensure efficiency and add value to our new token system, we have implemented a series of innovative production mechanisms. These are designed not just to bolster the system's robustness but also to align with modern cryptographic standards.

1. Weighted Game Mechanism: At the heart of both Proof of Work (PoW) and Delegated Proof of Stake (DPoS) lies our newly introduced balancing strategy. In the realm of PoW, the velocity of computational power and the level of difficulty directly dictate the rewards. Conversely, in DPoS, credits are treated as a reserve of computational power, necessitating strategic foresight for optimal utilization of benefits. This approach is not only equitable but also intriguing.

2. Burn Mechanism: Merging the principles of DPoS and PoW, we've set a ceiling on the maximum reward blocks. Immutable post-deployment, this cap means that when the count of the last empty blocks (LastEmptyBlock) surpasses the maximum reward blocks (MaxRewardBlock), miners are restricted to rewards equivalent to the MaxRewardBlock. Any surplus rewards are automatically diverted to a 'black hole address' and subsequently annihilated. For example, with a MaxRewardBlock pegged at 5, should 20 blocks remain unmined, the first successful miner is entitled to rewards for merely 5 blocks (2500 Ticks), leading to the destruction of the remaining 7500 Ticks.

3. Deflationary Mechanism: Augmenting the token's value further, we employ deflationary strategies in several key areas:

   • Gas Consumption: Within our ecosystem, the token is earmarked as a consumable for Gas, propelling network operations.

   • Fee Reduction: Looking ahead, the token will also facilitate reductions in transaction and service fees, effectively lowering the costs associated with its use. Keep an eye out for more application scenarios.

   • Ecosystem Recognition: Token holders may reap additional benefits, such as eligibility for airdrops or inclusion in whitelists for our high-value ecosystem projects.

These mechanisms form the cornerstone of our new token's production and deflationary framework. We are confident that these innovative measures will not only enhance value but also enrich the experience for token holders.

The Personal Estimated Annual Percentage Rate (APR) reflects the potential value users can obtain by consuming the currently generated output through DPoS based on the points produced at their current rate. It considers the pool's production speed of points, market prices, consumption dynamics per block, target price of the output, and the initial investment value.

The staking pool's Annual Percentage Rate (APR) reflects the potential value users can obtain by consuming the currently generated output through DPoS based on the points produced from their stake in the pool. It considers the pool's production speed of points, market prices, consumption dynamics per block, target price of the output, and the initial investment value.

Newly Updates

• 18.01.2024 - Minimum DPoS point consumption: For all DPoS miners, the minimum required DPoS points per mine will be 1,000.

• 18.01.2024 -Optimization of PoW difficulty in the reward program: PoW difficulty weight decreases from 10 square "x" to 5 square "x," narrowing the gap between high and low computational power and offering more opportunities for PoW low-power miners.