Economics

Triple Token Design

• Dory (NFT) for bootstrapping the network

• Aspi (volatile token) for staking and root chain fees if not stablecoin is available

• XUSD (stablecoin) for transaction fees on shards

Issuance

• Bitcoin’s capped supply is an advantage based on game-theory but creates security issues once the block reward becomes zero

• Inflation would encourage system actors to try to use their Aspi for staking to earn more rewards instead of just holding

• 105,120 blocks expected per year (5 mins per block)

• In 20 years, the inflation rate will be less than 1% and continue to be decreasing per year moving forward

Halving (every 5 years)	PoW	PoS	Total Supply
0	40	20	31,536,000
1	20	10	47,304,000
2	10	5	55,188,000
3	5	2.5	59,130,000
4	2.5	1.25	61,101,000

Dual Difficulty Adjustment

• 4,032 blocks per 2 weeks

• If more than expected, increase difficulty

• If less than expected, lower difficulty

• If equal expected, keep difficulty

• Consider orphan rate sa DA equation

• Reward Difficulty Adjustment

  • Every 24 hours

  • If more than expected, reduce issuance PoW reward

  • If less than expected, increase issuance PoW reward

Staking

• Validators need to stake Aspi to become a validator on the Apella layer

• Required amount staking could be decreased only via DAO voting

• Set minimum stake for initiator of the validator (30% - 50%)

Incentives

TODO:

• How to incentivize proper block creation on Apella layer

• How slashing works for byzantine nodes on the Stratos and Mora layers

Transaction Fees

TODO:

• Describe how transaction fees are implemented on each layer.

Taxes

TODO:

• Explain how taxes are set and enforced by the Fiscal Governance voting