The endowment, the rhythm and the fees
The endowment, the release rhythm, and the fee path
| Parameter | Proposal | Note |
|---|---|---|
| Total supply | nine billion LOVE9 | a nominal ceiling; outside the reward minting fund nothing further is minted, and once the network charges fees part of each fee is burned |
| Issued at genesis | six tenths of the total supply | the remaining four tenths sit in the minting fund |
| Release rhythm | 0.09% of the unreleased remainder, each day | the base is the endowment's remaining balance, not a fixed fraction of total supply |
| Half-life | roughly 770 days | the flow shrinks steadily but never reaches zero |
| Fee split | 9% back to the endowment · 9% burned · 82% to the signers | a commitment paired with a gate, not a cash flow already running: the network charges no fees, so there are no fees to split. Turning fees on is permitted only after the 9% split mechanism is on chain — that ordering is what keeps the commitment from being talk |
Figure 28 — Nine billion splits into two paths: the part issued at genesis and the minting fund. The two dashed paths are the fee share returning to the endowment and the share burned, and they only flow once the network charges fees.
The items in the table sit in named accounts, and their names are frozen by a hash engraved in genesis — so an outsider can compute the address of an item before that account holds a single coin. It sounds like bookkeeping, but it is a safety rule: an address that does not yet exist and is not on a block list will swallow permanently whatever someone sends to it by mistake, so standing the empty wallets up from the start is the cheapest way to close that trap.
⚠️ And here a five-item table meets a hard technical constraint. A named account can only be added when the chain is born, never afterwards. The allocation table has five items, so genesis must carry five named accounts. Whether it carries all five is a gate, and it has to be passed before the birth of the chain — it is not a tidy-up job for later.
Whatever has been released but not yet claimed stays as a buffer, and never raises any single day's release ceiling. The consequence is that nobody is owed anything, and nobody is promised a figure with their name on it.
Left blank on purpose: how it is received
How a human being receives their share has not been designed. The allocation table says how much is directed at people, but not who receives it or how — and it deliberately does not say. The only two constraints settled are that it must be measurable on chain and settled by vote; the minimal constitution leaves the rest to the community. What does not change is the order: the items have named accounts from genesis, but the part directed at people has no way out yet, and the endowment cannot open until a receiving mechanism has passed a vote — this blank is a structured blank, not an oversight.
A foundational document willing to leave that box empty, rather than fill it with a good-sounding mechanism, says more than the boxes already filled.
In short: the release formula is the part that is engraved, while how a human being receives their share is a LEFT BLANK box — and that box is blank by design, not by oversight. The endowment cannot open until a receiving mechanism has passed a vote; that is the order, and it does not reverse.
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