Reference
What it does
The issuancepolicy module encodes the rules under which new tokens may be minted: schedules, safeguards and policy parameters that staking and identity allocations must respect. The proposed issuance model uses VEID-led 15-token issuance batches: 14 tokens to eligible active verified humans and 1 token to the Foundation-controlled genesis account. All policy lives in chain state and can be changed through consensus.
Because policy is a module, changing issuance rules is a governance act with a public proposal trail, not a quiet parameter edit.
Why it exists: Monetary credibility requires that issuance be rule-bound and visible. Separating the policy (what may be minted) from the mechanics (how minting executes) means the rules can be audited and governed independently of the machinery.
State
Primary objects
| Concept | Definition |
|---|---|
Issuance schedule | The governed timetable and limits under which new supply may be minted. |
Max supply | No fixed maximum or hard cap. Initial supply is zero; new tokens are issued only through verified human identities, with continued issuance as new identities are verified and the human population grows. |
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
Flows
Core flow
- Encode — Policy becomes state. Issuance rules live in chain state, auditable by anyone, changeable only through consensus.
- Constrain — Mechanics obey bounds. BME mint schedules and staking rewards execute within the policy's schedules and safeguards.
- Propose — Changes go public. New schedules arrive as governance proposals with open debate and stakeholder vote.
- Enact — Consensus adopts. Approved policy activates through the normal upgrade path, with the trail preserved on-chain.
Questions
Asked about x/issuancepolicy
What is an issuance schedule?
The governed timetable and limits under which new supply may be minted — the temporal bounds every minting path must respect.
Is there a maximum supply?
No fixed maximum or hard cap. Initial supply is zero, and new tokens issue only through verified human identities as the verified population grows.
Why separate policy from mechanics?
So the rules can be audited and governed independently of the minting machinery — monetary credibility requires issuance to be rule-bound and visible.
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