Concept model (Key Token Principles)
Key Token Principles
* No presale, ICO, IDO, or private sale.
* No allocations for the creator, developers, or investors.
* No hidden reserves or special privileges for any address.
* No post-deployment control: contract is immutable once deployed.
* Fixed entire supply.
* Open-source and verifiable by anyone.
Distribution is a cornerstone of fairness. As more people discover the token and engage in its distribution, its value will organically grow over time. This means the distribution algorithm should be designed to unfold gradually, ensuring fairness and allowing ample time for widespread participation.
Concept Model
The concept model for this token distribution mechanism is designed to ensure fairness, transparency, and organic growth. It draws inspiration from the principles of decentralization and the natural adoption patterns observed in Bitcoin's network over time. Below, we outline the core components of the model in a way that is easy to understand, emphasizing its philosophical foundation and alignment with real-world adoption trends.
Initial Mint
At the very beginning, all 21 million tokens are created and stored within the smart contract itself. This means that no one—not even the person who deploys the contract—has special access or control over the tokens. The tokens are distributed only through a fair and transparent process that follows strict rules.
This approach ensures that everyone has an equal opportunity to participate, and no one can manipulate the system to their advantage. The entire supply is fixed, meaning there will never be more than 21 million tokens, which helps maintain their value over time.
Claim Function (Core Distribution Logic)
The process of claiming tokens is designed to be fair and prevent abuse. Here’s how it works:
Time-Based Waiting Period : To ensure that tokens are distributed steadily over time, participants must wait a certain amount of time between claims. This waiting period adjusts based on how many people are participating, ensuring that the distribution remains balanced and sustainable.
Block-Based Waiting Period : In addition to the time-based cooldown, participants must also wait for at least 30 new blocks to be added to the blockchain before they can claim again. This prevents anyone from claiming tokens too quickly and dominating the distribution.
Minimum Balance Requirement : To discourage spam and fake accounts, participants must hold at least 0.01 ETH in their wallet to claim tokens. This ensures that only genuine users with a stake in the network can participate.
Maximum Tokens Per Person : Each participant can claim a maximum of 2 tokens throughout the entire distribution process. This cap prevents any single person from accumulating too many tokens and ensures a wide, equitable distribution.
Security Measures : The system includes safeguards to prevent technical exploits, such as reentrancy attacks, which could otherwise disrupt the fairness of the distribution.
These rules work together to create a level playing field, ensuring that everyone has a fair chance to participate.
Halving Mechanism
To encourage early participation while maintaining long-term value, the reward for claiming tokens decreases over time through a halving mechanism . After every 2.1 million claims , the number of tokens given out per claim is cut in half.
For example, if the initial reward is 0.1 tokens per claim, after 2.1 million claims, it drops to 0.05 tokens, then to 0.025 tokens, and so on. This gradual reduction in rewards mirrors the deflationary model used by Bitcoin, creating scarcity and encouraging early adopters to join the network.
When a halving event occurs, it is publicly announced, allowing everyone to track the progress of the distribution.
Chunk Unlocking
Tokens are not released all at once but are instead made available in small portions called chunks . Each chunk contains 1% of the total supply (210,000 tokens). These chunks are unlocked gradually based on two conditions:
Number of Claims : A certain number of claims must occur before a new chunk can be unlocked. This ensures that tokens are distributed based on actual activity within the network.
Number of Unique Participants : A specific number of unique participants must also be reached before a chunk can be unlocked. This ensures that the network grows in terms of both activity and the number of people involved.
By requiring both claims and unique participants, the system ensures that tokens are distributed fairly and that the network grows organically.
Threshold Calculation Method
To determine how many participants are needed to unlock each chunk, we analyzed how Bitcoin's user base grew over time. Bitcoin’s growth followed an S-curve , starting slowly, accelerating rapidly, and then slowing down as it matured. Based on this pattern, we designed a stepwise plateau model that mimics natural growth:
Early Adoption Phase : In the beginning, the requirements are modest, allowing the community to grow steadily. For example, the first few chunks might require only 100 unique participants to unlock.
Growth Phase : As the network grows, the requirements increase gradually. Each new plateau requires roughly three times the number of participants as the previous one. This encourages sustained growth without overwhelming early adopters.
Maturation Phase : In the later stages, the requirements become more challenging, ensuring that the network continues to expand and that tokens are distributed widely.
Example Thresholds:
First Plateau: 100 participants
Second Plateau: 300 participants
Third Plateau: 900 participants
Fourth Plateau: 2,700 participants
Fifth Plateau: 8,100 participants
This model ensures that the distribution process remains fair and achievable at every stage of growth, while also requiring meaningful community expansion to unlock later chunks.
Event Emissions
Throughout the distribution process, important milestones are publicly announced. For example:
When a halving event occurs, everyone is notified.
When a new chunk of tokens is unlocked, it is also announced.
These announcements provide transparency and allow participants to track the progress of the distribution.
No Ownership or Post-Deployment Control
Once the system is launched, no one—not even the person who created it—can change or control it. The rules are set in stone, and the system operates autonomously. This ensures that the distribution remains fair, transparent, and free from manipulation.
Philosophical Alignment
This model is not just about technology; it’s about fairness and inclusivity. By following the same principles that made Bitcoin successful—such as scarcity, transparency, and decentralization—it aims to create a system where everyone has an equal opportunity to participate.
At the same time, it addresses some of Bitcoin’s shortcomings, such as high entry barriers and wealth concentration, by prioritizing equitable distribution and accessibility. With modern blockchains enabling anyone to create their own token systems, this model empowers individuals to act as pioneers in the spirit of Satoshi Nakamoto—creating their own fair and transparent systems.
In essence, this concept model is about giving power back to the people, allowing anyone to participate in a truly decentralized and fair economy.
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