Zeno Tokenomics and Mining Rules

To ensure the fairness of token distribution, all tokens will be mined entirely by the nodes. The team will not reserve any tokens, nor will there be any additional issuance. This rule is explicitly stated in the Zeno token smart contract. If any changes to this rule are required, it must be approved by more than 51% of the nodes through a vote. Any updates to the validator program or a hard fork would need to pass this majority vote. The Zeno team has no authority to alter this rule.

Zeno Tokenomics and Mining Rules

The Zeno token will have a total supply of 2.1 billion tokens. These tokens will be mined through node staking on the network. The mining process is designed to gradually reduce over time, following a halving model:

1. Total Token Supply: Zeno's total supply is capped at 2.1 billion tokens, ensuring a fixed and predictable token issuance model.

2. Initial Mining and Halving Schedule:

   • Year 1: 1.05 billion tokens will be mined.

   • Subsequent Years: The number of tokens mined will be halved each year, reducing the inflation rate of the token supply. This means that the number of tokens generated through staking will decrease by 50% every year after the first year.

3. Mining Rewards Distribution:

   • The gas fees consumed on the network, which are paid in Zeno tokens, will be distributed as rewards to the node stakers. This creates an additional incentive for users to stake their tokens and contribute to the network’s decentralization and security.