Skip to content

Commit

Permalink
fix: tokenomics links (#220)
Browse files Browse the repository at this point in the history
* fix: tokenomics links

Some image links in the tokenomics article were broken.

* fix: compress images

Compress the images in tokenomics post. 75% smaller, with no appreciable
difference in quality.
  • Loading branch information
CjS77 committed Apr 5, 2024
1 parent 79017dd commit f3610a5
Show file tree
Hide file tree
Showing 13 changed files with 6 additions and 6 deletions.
12 changes: 6 additions & 6 deletions _updates/2024-03-19-update-130.md
Expand Up @@ -35,7 +35,7 @@ Once considered the gold standard for securing blockchains, proof of work origin

Tari miners receive XTM for every block they mine, with block rewards declining on a block-by-block basis. In the first 12 years post-mainnet launch, the Tari emission curve dictates the mining reward. After 12 years, the protocol rewards miners via a tail emission to ensure they receive compensation forever for securing the network. The tail emission increases the XTM emitted by 1% a year. Tari miners receive 100% of block rewards and Layer 1 transaction fees.

![Supply and Reward](asset/tokenomics-supply-reward.png)
![Supply and Reward](/assets/updates/img/tokenomics-supply-reward.webp)

Unlike Bitcoin, which operates on a 4-year halving schedule, the Tari block rewards decrease steadily over time block-by-block through an exponential decay function, halving approximately every three years.

Expand All @@ -46,11 +46,11 @@ All dapp (tapp!) activity will occur on the Tari Layer 2 (aka the Ootle), includ

In the Tari Turbine Model, the only way to create XTR tokens is to burn XTM tokens on the Layer 1 and redeem the XTR 1:1 on the Ootle network. As a result, there is a one-way relationship between the two tokens. On the Ootle, a portion of the transaction fee is paid to validators, and a portion of the transaction fee is burned. This token-burning mechanism creates a powerful economic model where Tari miners can confidently secure the network forever, and at scale, the overall Tari token economy achieves circulating supply equilibrium.

![Tokenomics](/assets/updates/img/tokenomics-2.png)
![turbine-model](/assets/updates/img/tokenomics-2.jpg)

The Turbine Model enables Tari to maintain a soft 1:1 peg between Minotari (XTM) and Tari (XTR) without using complicated peg-out mechanisms like drive chains or federated pegs.

![Tokenomics](/assets/updates/img/tokenomics-3.png)
![circulating-supply](/assets/updates/img/tokenomics-3.jpg)

Other things being equal, greater activity on the Ootle depletes the supply of Tari tokens faster. Mining rewards on the Minotari network in the form of XTM replenishes the supply of XTR.

Expand All @@ -72,7 +72,7 @@ The other 30% pre-mine is broken into four categories:

Let’s talk about each in detail.

![Tokenomics](/assets/updates/img/tokenomics-4.png)
![premine-distribution](/assets/updates/img/tokenomics-4.jpg)

We were going to add a tiny slice for "that one guy who always asks about token distribution in the chat," but fluffypony shot down that idea.

Expand Down Expand Up @@ -100,7 +100,7 @@ At this point, you’re probably wondering when all these tokens unlock. Let me

## Unlock Schedule

![Tokenomics](tokenomics-5.png)
![unlock-schedule](/assets/updates/img/tokenomics-5.jpg)

40% of the Protocol Infrastructure and Grants allocation will be reserved and available upfront for protocol liquidity.

Expand All @@ -120,7 +120,7 @@ These tokens will unlock every month for five years, beginning 12 months after t

These tokens will unlock every month for two years, beginning 12 months after the mainnet launch.

![Tokenomics](/assets/updates/img/tokenomics-6.png)
![participant-tokens](/assets/updates/img/tokenomics-6.jpg)

Please note that just because these tokens are unlocked does not necessarily mean they will be circulating. For example, tokens allocated for Protocol Infrastructure and Grants will be unlocked but held back from circulating supply until they can be deployed to improve the usefulness of the Tari network.

Expand Down
Binary file added assets/updates/img/tokenomics-2.jpg
Sorry, something went wrong. Reload?
Sorry, we cannot display this file.
Sorry, this file is invalid so it cannot be displayed.
Binary file removed assets/updates/img/tokenomics-2.png
Binary file not shown.
Binary file added assets/updates/img/tokenomics-3.jpg
Sorry, something went wrong. Reload?
Sorry, we cannot display this file.
Sorry, this file is invalid so it cannot be displayed.
Binary file removed assets/updates/img/tokenomics-3.png
Binary file not shown.
Binary file added assets/updates/img/tokenomics-4.jpg
Sorry, something went wrong. Reload?
Sorry, we cannot display this file.
Sorry, this file is invalid so it cannot be displayed.
Binary file removed assets/updates/img/tokenomics-4.png
Binary file not shown.
Binary file added assets/updates/img/tokenomics-5.jpg
Sorry, something went wrong. Reload?
Sorry, we cannot display this file.
Sorry, this file is invalid so it cannot be displayed.
Binary file removed assets/updates/img/tokenomics-5.png
Binary file not shown.
Binary file added assets/updates/img/tokenomics-6.jpg
Sorry, something went wrong. Reload?
Sorry, we cannot display this file.
Sorry, this file is invalid so it cannot be displayed.
Binary file removed assets/updates/img/tokenomics-6.png
Binary file not shown.
Binary file removed assets/updates/img/tokenomics-supply-reward.png
Binary file not shown.
Binary file added assets/updates/img/tokenomics-supply-reward.webp
Binary file not shown.

0 comments on commit f3610a5

Please sign in to comment.