Tokenomics
The Gnodi Blockchain’s tokenomics incentivize participation, ensure fair distribution, and maintain a sustainable economic model. This section explains the daily distribution mechanism, tokenomics, and principles governing the Gnodi native utility token.
Tokenomics Overview
Total Supply:
a. The Gnodi Blockchain caps its supply at 35 billion GNOD tokens (GPT), ensuring scarcity and potential value appreciation.
Initial Distribution:
a. At the genesis block, the network distributes 50% of the total supply (17.5 billion GPT) within the first year to incentivize early participation and drive ecosystem growth.
Halving Schedule:
a. The Gnodi Blockchain follows a halving schedule where token distribution halves annually on the genesis block's anniversary, inspired by Bitcoin but adapted for Gnodi’s needs. This mechanism slows token inflation, ensuring long-term sustainability and value appreciation.
Daily Distribution Mechanism
The daily distribution mechanism rewards active participation and contributions to the network. Here’s how it works:
Distribution Pool:
a. In the first year, the distribution pool starts with 17.5 billion GPT, spread evenly over 365 days. Each subsequent year, the pool halves, reducing daily distribution amounts.
Daily Allocation:
a. In the first year, 47,945,205 million GPT tokens are distributed daily. After each halving, this daily allocation decreases in line with the reduced annual pool.
Distribution Criteria: Gnodi distributes tokens based on criteria that assess network participants' contributions, including:
a. Node Operation: Active operation of both Layer One Validators and Layer Two Delphi Nodes.
b. Application Interaction: Contributions to Delphi applications through tasks and interaction like data validation.
c. User Activity: Transaction frequency, smart contract deployment (if applicable), and governance participation.
d. Impact Assessment: Proof-of-Impact protocol validation of user contributions.
Proof-of-Impact Protocol
The Proof-of-Impact protocol validates user activity, contributing to daily distribution. Delphi Nodes verify this data, ensuring the tokens are distributed based on genuine contributions and participation.
Long-Term Sustainability
The Gnodi Blockchain’s tokenomics promote sustainability through several principles:
Controlled Inflation: The halving schedule slows token inflation, ensuring scarcity and supporting value appreciation.
2. Incentive Alignment: The token distribution model incentivizes active participation, driving network growth and security.
Transparency and Predictability: The clear distribution and halving schedule ensure transparency, allowing participants to plan their activities confidently.
Adaptive Mechanisms: Gnodi’s governance allows the community to propose adjustments to the distribution model, ensuring flexibility.
This tokenomics model ensures fair distribution and sustainable growth for the Gnodi Blockchain ecosystem.
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