WORM Tokenomics v1.1

Reminds of Bitcoin

• Total supply: 21,000,000 WORM

• Half-life: 210,000 epochs (4 years, exponential decay)

• Epoch-time: 10 mins

• Reward after N blocks: 50 * (0.9999966993045875 ^ N)

  • Initial reward: 50 WORM
  • Reward after 4 years: 25 WORM
  • Reward after 8 years: 12.5 WORM
  • Reward after 4 * N years: 50 * (0.5^N)

• Premine percentage: 27.865128907827067%

• Premine: 5,851,677.070643683978082748 WORM (Team/Foundation/Investors/Community)

• Supply after N blocks: 5,851,677.070643683978082748 + 50 * (1 - (0.9999966993045875 ^ N)) / (1 - 0.9999966993045875)

Structure of the premine:

Category	% of Total Supply	% of Premine	TGE	Cliff (Months)	Vesting (Months)	Total
⛏️ Mine-able	~72.13%	N/A	N/A	N/A	N/A	~15,148,322.92 WORM
🐫 LP / ICO	~11.14%	40%	100%	N/A	N/A	~2,340,670.82 WORM
👥 Core Team	~6.68%	24%	0%	6	36	~1,404,402.49 WORM
🗣️ Advisors	~0.27%	1%	0%	6	36	~58,516.77 WORM
👔 Private Investors	~2.22%	8%	0%	6	36	~468,134.16 WORM
🏢 Foundation Treasury	~3.34%	12%	5%	3	36	~702,201.24 WORM
🧃 Donors (Juicebox)	~2.50%	9%	20%	3	18	~526,650.93 WORM
🧪 Testnet Participants	~1.53%	5.5%	50%	1	6	~321,842.23 WORM
🌧️ Community Activities / Airdrops	~0.13%	0.5%	100%	N/A	N/A	~29,258.38 WORM

The remaining 72.13487109217293% of the supply is mine-able through Private-Proof-of-Burn mining.

Python simulator

curr = 50 * (10**18)
num = 9999966993045875
denom = 10000000000000000
premine = 5851677070643683978082748
total_supply = 21000000000000000000000000


class Premine:
    def __init__(self, amount, tge, cliff, vesting):
        self.amount = amount
        self.tge = tge
        self.cliff = cliff
        self.vesting = vesting

    def released(self, month):
        tge = int(self.amount * self.tge / 100.0)
        rest = self.amount - tge
        total = tge
        if month >= self.cliff:
            if self.vesting > 0 and month < self.vesting:
                total += min(rest * month / self.vesting, rest)
            else:
                total += rest
        return int(total)


premines = [
    Premine(premine * 30 // 100, 100, 0, 0),  # CCA
    Premine(premine * 29 // 100, 2.5, 6, 36),  # Team
    Premine(premine * 1 // 100, 2.5, 6, 36),  # Advisors
    Premine(premine * 10 // 100, 2.5, 6, 36),  # Private
    Premine(premine * 15 // 100, 5, 3, 36),  # Foundation
    Premine(premine * 9 // 100, 20, 3, 18),  # Donator
    Premine(premine * 5.5 // 100, 50, 1, 6),  # Testnet
    Premine(premine * 0.5 // 100, 100, 0, 0),  # Community
]


def circulating_premine(month):
    return sum([p.released(month) for p in premines])


month = 0.0
previous_month = 0
total_mined = 0
while curr:
    total_mined += curr
    curr = curr * num // denom
    month += 1 / (6 * 24 * 30)

    if int(month) != previous_month:
        if month < 120:
            total_circulating = total_mined + circulating_premine(month)
            print(
                int(month),
                ",",
                total_mined / total_circulating,
                ",",
                total_circulating / total_supply,
            )
            previous_month = int(month)


print(total_mined + circulating_premine(36))  # 21,000,000