Module reference · Economics & settlement
x/bme — BME
Burn-and-mint equilibrium mechanics linking token supply to marketplace demand.
What it does
Inside x/bme
The bme module implements supply operations. The proposed primary issuance path is VEID-led: a 15-token batch is issued as eligible active verified humans accrue entitlement, with 14 tokens allocated to those humans and 1 token allocated to the Foundation-controlled genesis account. Staking rewards remain at a much lower proposed level.
Together with the dynamic inflation mechanism in staking economics, BME is validated by the in-repo simulation framework (pkg/economics) covering supply dynamics, distribution fairness, and attack-cost analysis.
Why it exists
The design rationale
A pure fixed-supply token disconnects the asset from the service it prices; unconstrained inflation destroys holder trust. BME ties supply mechanics to real consumption of compute, aligning the token's monetary dynamics with the marketplace it exists to serve.
Interactions
How it connects to the rest of the chain
No module stands alone — these are the protocol surfaces this module depends on or serves.
- x/take
Keeps marketplace settlement commission at zero.
- x/settlement
Settles escrow without a platform deduction.
- x/issuancepolicy
Mint schedules operate under governed issuance policy.
- x/staking
Issuance funds staking rewards alongside the inflation mechanism.
Key concepts
Terms that matter here
- Burn-and-mint equilibrium
- A monetary design where service payments burn tokens and issuance mints them, equilibrating around real demand.
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