Emission
Last updated
Last updated
Following the genesis supply of 100 million $GNS, additional tokens are issued on a per-block basis based on a biennial halving schedule, which reduces the total annual token emission by half every two years. The halving occurs for four cycles, after which the emission rate remains constant until the total supply of 1 billion $GNS is reached.
The newly minted tokens will be split into three different categories, and after +12 years from Genesis, the distribution will be as follows:
Liquidity Staking Pools
675,000,000
75%
67.5%
DevOps
180,000,000
20%
18%
Community Pool
45,000,000
5%
4.5%
Total
900,000,000
100%
90%
75% of newly minted tokens will be distributed to the liquidity staking pools to reward long-term liquidity providers who stake their positions. This ensures that GnoSwap's direction aligns with the interests of active contributors, promoting sustainability, liquidity growth, and fostering participation in the ecosystem.
20% of newly minted tokens per block will be distributed to the GnoSwap Team for development and operations. This prevents excessive concentration of power by the team while incentivizing continuous contributions by aligning interests fairly and transparently.
The GnoSwap Team considers the Development & Operations allocation as a vital element in securing the long-term viability, stability, and enhancement of the GnoSwap protocol. As part of our ongoing effort to embrace decentralization, we recognize the importance of meticulous planning and developing a robust ecosystem to achieve full decentralization. We are dedicated to iterating and evolving as we progress toward decentralization while maintaining the stability and growth of the GnoSwap protocol.
5% of newly minted tokens will be distributed to the Community Pool, a treasury managed by the GnoSwap Governance. This empowers the community and provides resources for community-driven initiatives such as funding community projects, grants and scholarships, liquidity provision, governance incentives, and emergency funds.
These requests will be thoroughly reviewed and evaluated by the GnoSwap community and governance to ensure they align with the long-term goals of the protocol.