The PYRX economy
A fixed 50-billion supply enforced in consensus, a transparent premine, mining that runs for a quarter-century, and a fee split no one — not even a governance vote — can ever change.
Genesis distribution
Every pool is seeded into a reserved, credit-only system account at genesis. The 12.5B mining share is the only supply not present at launch — it is minted to block producers over ~26 years.
25% utility bonus (5B PYRX) — network access / compute credits, never a return
The bonus is framed as network access / compute credits — never an investment return.
Team vests on a 12-month cliff + 36-month linear; ecosystem 40% at TGE.
Emissions
Bitcoin-style, but four-year halvings and a hard mining cap. After the cap, block producers are paid entirely by fees.
- Initial subsidy
- 300 PYRX / block
- Halving
- every 21,000,000 blocks (~4 years)
- Cap
- 12.5B mined, then fees only
- Schedule
- ~26 years to the cap · ~80% in the first ~8 years
- Per-stream split
- Emergent one-third per stream (each stream mines ≈⅓ of blocks)
Fees · EIP-1559, consensus-frozen
The split is frozen in consensus — no governance vote can ever touch it.
Staking, governance & fee burns
Three pillars of token utility: secure finality by staking, steer the protocol by voting, and permanent supply reduction through continuous fee burns.
Staking
- Unbonding
- ~7 days
- Slashing
- 5% + 10% bounty
Validators earn Stream-C emission share · 70% producer tip · staking rewards. Equivocation is slashed 5% (burned) with a 10% reporter bounty. Below the solo bond, join a native staking pool behind an operator: rewards are pro-rata, minus the operator commission (≤ 20%), and slashing is shared pro-rata.
Governance
Exactly three parameters are governable:
- block_gas_limit (≤ 64×)
- min_validator_stake (≤ 1024×)
- unbonding_period (≤ 64×)
Fee split, the 12.5B emission cap + halving, and the governance rules themselves — frozen forever.
Deflationary fee burns
Every EIP-1559 transaction permanently burns 25% of its base fee, while every private transaction burns a flat 100 Ash anti-DoS fee directly from the circulating supply.
EIP-1559 fee split in whitepaper →