economics
tokenomics
100,000,000 lode. fixed supply forever. no inflation function exists. true fair launch — no airdrop, no merkle claim, no whitelist. the 44% that would have been an airdrop + seed is instead seeded entirely into protocol-owned on-chain liquidity at tge, so every holder enters through the open market at the same price as everyone else. no vc, no public sale, no insider otc.
supply & issuance
- total supply
- 100,000,000 lode
- decimals
- 18
- inflation
- 0 (no mint function exists)
- standards
- erc-20, eip-2612 permit, erc-20 burnable
the token is minted in full to the owner safe at deployment. there is no minter role, no upgrade path, no future inflation that any party — including governance — can introduce. the supply at deployment is the supply forever, and it only goes down from here. every protocol burn is a permanent contraction.
distribution
| bucket | lode | % | vesting / unlock |
|---|---|---|---|
| protocol-owned liquidity | 44,000,000 | 44.0% | seeded into lode/eth + lode/usdc pools at tge; held by the treasury, never sold off-market |
| future emissions / community | 38,000,000 | 38.0% | released by governance vote; max 8%/year |
| core contributors (team) | 8,000,000 | 8.0% | 4-year linear vest, 12-month cliff |
| treasury (foundation + ops) | 10,000,000 | 10.0% | multisig-controlled; on-chain spending log |
initial circulating supply at tge: 0 lode held by any insider. the only lode in the open market is whatever flows through the protocol-owned liquidity (44m total, paired with eth + usdc). there is no airdrop bucket sitting in wallets waiting to be dumped.
why these specific percentages
the distribution was chosen after research on ten adjacent protocols. the constraints:
- no vc, no public sale, no insider otc. zero allocations to private investors, ido/lbp buyers, or strategic partners at preferential prices. the credibility of "fair launch" requires no one was allowed in before retail.
- no airdrop, no claim, no merkle proof. airdrops concentrate supply in a small number of sybil-prone wallets that dump at tge. instead, the full 44% goes into deep on-chain liquidity from day one — every buyer enters at the same on-market price, and the protocol owns the lp position permanently.
- team allocation competitive without being excessive. 8% with a 4-year vest and 12-month cliff is in line with research-driven projects.
- treasury sized for multi-year runway. $5–15m of expected tge-price treasury funds growth incentives and 18+ months of contributor compensation with room to spare.
- 44% protocol-owned liquidity is the credibility floor. deep, treasury-held lp from day one — the market is real, every buyer enters on the same curve, and the protocol earns its own swap fees back forever.
structural sinks — why supply only contracts
three mechanisms continuously remove lode from circulating supply. by year 3 our model points to ~5m burned + 15m+ locked = ~20% of supply removed from float, against a hard ceiling of 8%/yr emissions that requires governance vote and a 5-day timelock to release at all.