Reference
What it does
The bme module implements supply operations. The proposed 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.
Initial supply is zero and there is no fixed maximum supply. New issuance is conditional on verified human identities. The in-repo simulation framework (pkg/economics) contains legacy inflation assumptions and requires alignment before it can validate this policy.
Why it exists: 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.
State
Primary objects
| Concept | Definition |
|---|---|
Burn-and-mint equilibrium | A monetary design where service payments burn tokens and issuance mints them, equilibrating around real demand. |
Messages
Messages & queries
Message and query surfaces are documented at implementation level in the module docs ↗ and the source ↗. The objects above are the state those messages create and transition.
Connections
Module interactions
-
x/settlementPays the full agreed amount in ACT from escrow. -
x/issuancepolicyMint schedules operate under governed issuance policy. -
x/stakingIssuance funds staking rewards alongside the inflation mechanism.
Flows
Core flow
- Verify — Humans verify. Eligible active verified humans accrue entitlement through VEID — issuance follows identity, not speculation.
- Batch — 15-token batches issue. Fourteen tokens to humans, one to the genesis account, per the proposed path.
- Reward — Security gets funded. Issuance funds staking rewards alongside the inflation mechanism, at a much lower proposed level than the prior model.
- Govern — Policy bounds everything. Schedules, safeguards, and parameters stay changeable only by governance.
Questions
Asked about x/bme
What is burn-and-mint equilibrium?
A monetary design where service payments burn tokens and issuance mints them, equilibrating around real demand — connecting the asset to the service it prices.
Is there a maximum supply?
No fixed maximum and zero initial supply. New tokens issue only through verified human identities, with continued issuance as new identities are verified and the verified population grows.
What still needs work here?
The in-repo simulation framework (pkg/economics) carries legacy inflation assumptions and requires alignment before it can validate the proposed policy — stated openly so analysts price the uncertainty correctly.
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