Economics

Token Economics Information

Value

Info

Total Initial Supply

5 Million

Total Planned Inflation

The total amount of EDG minted will remain the same year after year, causing the percentage inflation to be disinflationary, with yearly inflation falling to approximately 16.6% in the second year and so on.

Maximum Token Supply

Unlimited by governance.

Inflation Rate

Dependent upon the staking rate in the network, but maxes out at 20% as the staking ratio approaches 80% currently. This latter will likely shift to 50% through governance (the 'ideal staking rate')

Maximum Stake

No maximum

Minimum Stake

No minimum

Unbonding / Undelegating period

6 Hours currently (unverified) , but should become several days after an upcoming upgrade.

Token Type

Native Platform Token (like ETH)

Ticker

EDG

Decimal Places

18

Inflation per Block

~95 EDG

Ideal Inflation Rate

158 EDG per block

Consensus

Edgeware uses Nominated Proof of Stake (NPoS) as its consensus method. There is a known and limited number of validators in the active set and this active set number is decided by governance. Inclusion in the active set is determined by your total self-bonded and delegated stake. The minimum stake to get in the active set varies daily and depends upon the number of validators attempting to be included and the amount of stake on each. In a NPoS system, each elected validator has equal say in consensus and is rewarded equally, not according to the proportion of stake, as a result it is incentivized for a validator to distribute their stake and run multiple validator nodes-- not only among their own nodes but potentially among other validators to normalize stake across the set, something NPoS does to help prevent centralized stake.

No names have been assigned for fractions of an EDG, we refer to them by the default dollars/cents (1 EDG is a dollar, one EDG cent is 0.01 EDG.) This is a good opportunity for a proposal.

Staking Estimator Spreadsheet

Inflation

Inflation is currently ~95 EDG / block. The genesis specification parameters (in decimal) related to this ideal condition, and what the algorithm uses are:

Parameter

Value

Minimum Inflation

0.025

Maximum Inflation

0.125

Ideal Staking Rate

0.800

Decay Rate (aka Falloff)

0.050

Token Uses

On Edgeware, EDG has multiple functions.

  • Staking

  • Voting (Governance, elections, proposal making.)

  • Staking Delegation

  • Voting Delegation

  • Pay transaction fees for state changes in smart contracts.