What Is Tokenomics?
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:
The Gnodi Blockchain caps its supply at 35 billion Gnodi tokens
(GPT), ensuring scarcity and potential value appreciation.
Initial Distribution:
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:
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:
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:
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:
-
Node Operation: Active
operation of both Layer One Validators and Layer Two Delphi
Nodes.
-
Application Interaction:
Contributions to Delphi applications through tasks like
data validation.
-
User Activity: Transaction
frequency, smart contract deployment, and governance participation.
-
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.
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.
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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